Bluebird Merchant Ventures (BMV) has published a further “Operational” update which includes that still its joint venture buyout settlement discussions are “ongoing”. So why a near 10% share price increase on the back of the announcement?
Just over a year ago I covered a ‘mining’ share as a speculative buy, and it was very different to the natural resources companies that I normally cover, as it was mining Bitcoin rather than any metal or other commodity.
At first glance Argo Blockchain (ARB) seems to be very different to the type of companies that I normally cover within the natural resources sector, but the actual economics of the business isn’t all that dissimilar.
The share price of Mobile Streams (MOS) has pretty much halved since I recently covered it as one to avoid at all costs, but despite that drop I still see no value in any investment here.
Blenheim Natural Resources (BNR) has always been one of the more popular shares on the AIM market, but given its performance to date it is hard to see why that is.
Currently it seems that the mere mention of cryptocurrency or blockchain can drive investors into a frenzy, with people thinking that the new Bitcoin is about to be born, when the actual reality is that most of these companies will ultimately fail. It seems to be a bit of a ruse that is being used at the lower end of AIM, whereby the company announces some sort of involvement in this field, knowing that it will gain some interest as a result.
I am not sure where this first apperared but thanks to the reader who emailed it over. I have tweaked it to remove the name of a famour journalist as I can live without another lawyers' letter. But the core message stands about botcoin and all the other crypto bubbles is fair. Enjoy.
The rise in shares of Lionsgold (LION) has got the attention of many, and it certainly looked as though news was leaked prior to an RNS later in the day. Having seen the share price dropping steadily of late, it suddenly surged more than 40% on much higher than normal volume. Initially it looked like just another pump, as this share has been very popular with private investors ever since its share price rose by around 500% in December and is very volatile, but then an RNS dropped informing the market that it was making a new investment, and it ended the day up nearly 90% at 4.55p on the ask.