I am a crypto bear but am aware that some readers think I am a silly old dinosaur and disagree. They might be at least half right! If only to stimulate debate i bring you a detailed note from Fox Davies which appears to be a fellow member of the old dinosaur club.
As a still loyal shareholder in Jubilee Metals (JLP), notwithstanding its penny share spiv Chairman, I take a keen interest in PGM prices where, my instinct, is that the outlook is very bright indeed. It is something I shall be chatting to Ross Norman about on video next week. Anyhow, in that context I thought you might enjoy this detailed note on PGM & Lithium prices from broker Fox Davies.
There are numerous reasons why the AIM casino system of regulation based on Nomads fails miserable to protect investors from lying and fraudulent directors. But one major failing is what happens when a Nomad resigns and to demonstrate this I have got my hands on the letter sent by Fox Davies when it quit as Nomad to Sefton Resources (SER) in September 2012 and am delighted to share it with you. Private & Confidential it is marked. Well not any more chaps!
This is not going to be a good day for Sefton Resources (SER) or for London’s most despised law firm Pinsent Masons. My next leaked email is from Pinsent Masons partner Russell Booker and shows how he was at the heart of covering up the fraud at Sefton and wasting its shareholders cash on its doomed libel case against me.
I have obtained the explosive exchange of emails which saw Fox Davies resign as Nomad to Sefton Resources (SER) in 2012. They vindicate me once again in the libel case I won against this POS but show that CURRENT Sefton director Tom Milne is not a fit and proper person to sit on an AIM board and must be SACKED at once.
Broker Fox Davies has published a new note on EMED Mining (EMED) in the wake of results and a recent placing with Chinese investors – it reckons that the shares should more than double from 8p.
It has been announced that Trafigura Beheer B.V. has, at 9p per share, acquired a further 30,856,481 shares in EMED Mining (EMED) – taking its interest to 259,029,997 shares (18.04% of EMED). This follows stakebuilding earlier this month and a subsequent placing which then somewhat diluted Trafigura’s percentage interest. It is again stated today that “Trafigura has stated that it has acquired the ordinary shares for investment purposes”.
I am a fan of Fox Marble (FOX) – t has had mishaps but the underlying investment case is still there. This is stock where if Chris Gilbert and his team deliver, as I believe they will, it could easily treble from 19p. In this light I bring you today’s note from house broker Fox Davies.
AIM listed gold mine developer Kefi (KEFI) has released the latest drilling results from its Tula Kapi project. There were a number of RC holes drilled as part of a selective infill programme that were targeted to intercept known lode structures and test the structure of the resource model. Broker Fox Davies says the results were “excellent” the best being 9m @ 4.24g/t, 13m @ 3.21g/t, 8m @ 3.94g/t and 15m @ 2.33g/t. It goes on to explain why.
Kefi Minerals (KEFI) has released an exploration update relating to its 40% owned Jibal Qutman project in Saudi Arabia. Broker Fox Davies has analysed the results and states that they represent a “very positive outcome.”
Aim listed KEFI Minerals (KEFI) has released a post-acquisition due diligence note regarding its acquisition of a 75% interest in the Tulu Kapi gold deposit late in 2013 from dog with fleas Nyota. Resource broker Fox Davies has published a note on the news which it regards as “positive.”
KEFI Minerals (KEFI) has announced its annual results for the 12 month period ending 31 December 2013. It reported a loss of £2.59 million. However, top resource broker Fox Davies has published a broker report that argues that “major strides were made towards Kefi becoming a producing company”
EMED Mining (EMED) has announced a proposed US$15M Convertible Secured Note and the Allocation of Additional Off-Take Rights. The Notes carry a conversion price of 9p, a premium of 58% to the current share price and will be placed with Xiangguang Copper Company and RK Mine Finance (Master) Fund II (“Red Kite”) with XCG subscribing for $10M and Red Kite $5M.
Range Resources (RRL) today announced that its associate, Citation Resources, in which it has 24% indirect interest, has reported the results of its well test on the Atzam #4 well.
Top resource broker Fox Davies has published a research report on AIM listed gold miner Highland Gold (HGM) in the wake of the company’s publication of calendar 2012 results.
Leading resource broker Fox Davies has cut its target price for African Barrick Gold (ABG) from £3.53 to £3.15 after the gold miner announced its March quarter 2013 production figures and unaudited results.
Reasons to be bearish part 2. The first reason to sell Centamin (CEY) was political – it operates in Egypt where there is zero long term visibility for businesses since the regime change. But there is now a fundamental reason to offload the stock pronto – the maths simply do not stack up.
Broker Fox Davies has issued a short note on Falklands Oil & Gas (FOGL) following this morning’s update on its seismic programme. It writes:
Highland Gold (HGM) held a conference call on Tuesday the 9th of April to discuss its purchase of the Kekura gold deposit. On the back of that, broker Fox Davies has this morning published a punchy buy note on the stock.