I warned folks time and time again that the valuation of Sound Energy (SOU) was a monumental joke as the shares were pumped up to a peak of 82p. But the savants of the Bulletin Board Moron community knew better and hurled back abuse. Today the shares are just 11.62p but that is still way too high.
I am always very wary of companies with large amounts of debt and that has deterred me greatly from backing Echo Energy (ECHO). Its results were out today and the City’s No 1 oil analyst, Zac “the knife” Phillips of SP Angel has issued a stark warning. The great man opines:
Eight days ago Pantheon Resources (PANR) issed an RNS proclaiming a "successful flow test" of the Alkaid well. Its shares zoomed. Today we have an "update." Oh dear. Oh dear. Oh dear. The shares have slumped by 27% to 20.5p and I suspect that initial reaction is way too generous.
I warned you that Tomco (TOM) was pumping ahead of a placing. Some poor saps ignored that advice and paid up to 4.5p per share earlier this week. I hope they lubed up well as this morning £600,000 was raised at just 2.75p. Ouch! But this money will be pissed away just like all the other monies this POS company has raised. The City's No 1 oil analyst, Zac "the Knife" Phillips of SP Angel is damning in his morning email to clients. The great man opines:
Well before the end of June, Tomco (TOM) needs to get away another placing to avoid crash landing in its up alley. To that end, the £3.9 million market cap at 4.3p is a complete rum 'n; coke. Bt the ramp is underway ahead of the next bailout and thus we have a statement today which has failed to impress the City's No 1 oil analyst. Zac "the knife" Phillips of SP Angel writes:
I have not minced my words with regards to today’s shocking pump and dump by Bahamas Petroleum (BPC) as you can see here. But the City’s No 1 oil analyst, Zac Phillips of SP Angel worries that Bahamas may not be out of the woods yet although its assets look good. The great man wrote to his clients today to say:
You know how Chris Oil and others blather on about how oil wells have a 50% or 25% COS? Well here is a note from the City's No 1 oil analyst Zac Phillips of SP Angel covering the Winx well in Alaska which puts this into context. Enjoy.
Mayan Energy (MYN) thought it had good news last week but if a god company ( and no-one is saying that Mayan is that) meets a bad management it is the reputation of the latter which emerges intact. Thus the City’s No 1 oil analyst, Zac Phillips of SP Angel has renewed his call to sack the board starting with Charlie Wood. The great man writes:
Mayan Energy (MYN) has today raised £750,000 at 0.12p in its latest bailout placing but it comes with an admission that it has forgotten to file returns to the US taxman, the IRS, for an unspecified period and thus who knows how much of that cash will be swallowed up in unpaid tax bills. As such we have no idea how fast the clock is ticking on the next bailout placing. The City’s top oil analyst, Zac Phillips of SP Angel is scathing. He writes:
Zac Phillips at SP Angel has opined on the AIM demise of the Frontera (FRR) fraud and does not mince his words. The great man says...
As ever, the City's top oil analyst, Zac "the Knife" Phillips of SP Angel is bang on the money with his comments on today's news of a $16 million fund raise at a minimum of 15.25p by perennial uber dog Pantheon Resources (PANR). The great man writes:
I have already joined Waseem Shakoor in commenting on today's spoof RNS from Frontera Resources (FRR) and reiterating sell advice on this POS. Now it is over to the City's No 1 oil analyst, the great Zac "the knife" Phillips of shamed SP Angel who opines:
The real issue with Tomco (TOM) is that it will be out of cash within three months. another issue is that no-one really trusts it. Oh.. and its assets are shite. Other than that it looks like a great company. Today it tried to puff the share price ahead of an inevitable placing as discussed in bearcast HERE. The City's No 1 oil analyst Zac "the knife" Phillips of SP Angel is damning. The great man writes...
I do not see any upsides in appointing Sarah Cope (nee Wharry) as a NED at Mayan Energy (MYN). She is just another City Nomad crony capitalist and not one that I'd rate that highly. But I suppose it's diversity so praise the Lord. Let's all be diverse. Top oil analyst Zac Phillips of SP Angel is kinder than I am about Mrs Cope but still thinks her appointment is like a chocolate teapot. He opines:
In addition to tearing into Frontera Resources (FRR) in his morning email, the City's number one oil analyst Zac Phillips, albeit of shamed SP Angel, also reviewed the 152p per share offer from Norway's DNO for Faroe Petroleum (FPM). To paraphrase a famed piece of Norwegian football commentary, ‘Bijan Mossavar-Rahmani, Executive Chairman of DNO, can you hear me, can you hear me’…
The City's number one oil analyst Zac Phillips of shamed SP Angel has plunged his bloodied knife into cash strapped Frontera Resources (FRR) after today's joke RNS. In his morning email the great man opines:
The City's No 1 Oil analyst, Zac "the knife" Phillips of SP Angel spares no-one, except corporate clients like Mosman (MSMN) when he is ordered by evil John Meyer to write shite or get the sack. Luckily Hardy Oil & Gas (HDY) is not a corporate and thus The Knife is at his poisonous best. He opines...
The Deloro affair should have seen more heads roll at Mayan Energy (MYN). That it has not just shows what a regulatory joke the AIM Casino has become. Over to the City’s No 1 oil analyst Zac “the knife” Phillips of shamed Nomad SP Angel of MySquar (FRAUD) infamy. Zac, who may be shite at Latin but knows his oil, opines:
We shall fight on the beaches, we shall fight on the landing grounds, we shall fight in the fields and in the streets, we shall fight them in the law courts. So said Zaza Churchill of Frontera Resources (FRR) last month after his company defaulted on an agreement with death spiral provider Yorkville, failed to hand over shares, lied via RNS and ended up with a legal dispute. Oh well, it turns out that Zaza is not Churchill but Chamberlain after all. And it is not just one little piece of paper that is on the way but billions more pieces of confetti, worthless share certificates.
The fools who own shares in this company and post on the LSE & ADVFN Asylums just do not realise what a mess Frontera Resources (FRR) is in. I explained earlier how this could be a zero HERE. Now we have the take of the City's No 1 oil analyst Zac "the knife" Phillips of SP Angel. Over to the great man...
I explained earlier why Frontera (FRR) really could be a zero. Now here is the City's No 1 oil analyst, Zac Phillips of SP Angel, with his take on today's news:
Four days ago the CEO walked with immediate effect and without explanation. Today there is a pathetic statement from Mayan Energy (MYN) not explaining why the CEO was resigning but stating that everything is up for review: management, assets, operations. Until that is done capex is on hold. The only thing we are not told is how much cash is left. I suspect that is because the answer is SFA. On the case is the City's No 1 oil analyst Zac Phillips of SP Angel. Zac the knife pulls no punches and writes:
The City's No 1 oil analyst Zac Phillips has today published a note on Union Jack Oil (UJO) setting out exactly why he is so bullish. Over to the great man...
For reasons not explained the CEO of Mayan Energy (MYN) has quit with immediate effect. The City's No 1 oil analyst Zac Phillips thinks this is a good move, although probably a prelude to yet another bailout placing. But his report is still damning and is below.
I feel rather sorry for the City’s Number 1 oil analyst Zac Phillips today. Not only is his company retained adviser to Cabot Energy (CAB) but also to Curzon Energy (CZN). Thus he has to gush enthusiastically about both with boss John Meyer sitting there holding a gun to his head and waving a black bin liner with Zac;s name on it menacingly, as the poor analyst writes his morning comment.
I shall turn to Frontera Resources (FRR) results later. Suffice to say they are shite, the company is out of cash and a bailout placing is needed ASAP. But should you back that placing, given who has eaten all the money? Over to Zac “the knife” Phillips , the City’s No 1 oil analyst, who works at SP Angel. I have rarely seen Zac this angry…
Given the lowly market cap of Mayan (MYN) any placing will have to be a heavily discounted bucket shop special. In light of that, investors should take heed of an explicit warning from the City’s No 1 oil analyst Zac “the Knife” Phillips of SP Angel. In an email he writes:
As it tries to stop its share price collapsing ahead of its much needed bailout refinancing, Frontera Resources (FRR) has announced another lie-fest, or as it terms it “shareholder update meeting followed by Q&A” on October 4. The City’s top oil analyst Zac Phillips of SP Angel is damning on this POS in his morning email but gets it 100% wrong when he says there is “Only 1 question.”
In the end the chaps at Nomad Cairn walked from Cloudtag (CTAG) when it was clear that it was a fraud run by liars. Frontera Resources (FRR) is a shit show run by liars and a fallout with death spiral provider Yorkville (YA) today could be the final straw for Cairn – might it resign leaving the (worthless) shares suspended? Or will Frontera just go bust?
So I trained as an oil analyst and for the past 27 years have been writing about this sector. UK Oil & Gas (UKOG) owning moron Gavin Slattery is an expert in retail facilities management. He can't be bothered to register here but demands via twitter that I give a personal precis of my work yesterday but suggests that he will ignore whatever I say because he knows better anyway. The arrogance of a man whose portfolio will die from ignorance is breathtaking...
Was yesterday’s news from Cuadrilla the start of a fracking boom in the UK? I fear not. Look through the spin and at the reality. The true nature of this politically driven disaster is discussed by the city’s No 1 oil analyst Zac Phillips, of SP Angel, below
As we all know, Frontera resources (FRR) is out of cash. It is running on fumes. It is desperate to pump the stock any way it can to get away an emergency placing needed to survive. The only question is how big a discount will the bucket shops demand. It is against this background that it released a dismal operational update yesterday. Only a fool or a paid ramper like the whore Blogger, fat bastard, aka Malcolm Graham Wood would describe it as anything other than the usual shite.
As I write, the whore blogger Malcolm “Fat Bastard” Graham Wood is taking dictation from his master Zaza as to why today’s results from Frontera Resources (FRR) point to a bright future. Yes Zaza, whatever you say sir, I shall write up my “Independent” commentary now. And sir, I notice that my invoices for February onwards have not been paid: perhaps you might put some brown envelopes in the post? Of course calendar 2017 numbers, snuck out on the last day possible, were shite.
In his morning email to his esteemed clients, Zac “The Knife” Phillips, of SP Angel, the UK’s no 1 oil analyst, has utterly ripped into Mayan Energy (MYN) demanding the sacking of the entire board. The great man opines:
The whore blogger, Fat Bastard Malcolm Graham Wood, may try to spin today's disastrous financing news from Frontera Resources (FRR) as a triumph but as I explained earlier it is far from it. Zac "the knife" Phillips of SP Angel, the City's No 1 oil analyst, goes further with a statement that the entire board needs to be sacked. He opines:
In today's bearcast I express my sympathies to poor Zac for the job he has to do as an analyst writing about corporate clients. I refer to uber dog Mosman Oil & Gas(MSMN). I also look at Andalas (ADL) - the worst oil stock on AIM and which is STILL not answering valid questions as its shares collapse again. I look at Akers Biosciences (AKR) and, in detail, at IDOX (IDOX). Finally...97% of bearcast listeners have NOT yet sponsored myself and Brokerman Dan for our 30 mile Woodlarks walk. If you enjoy bearcast I am sure you can spare a tenner so donate HERE - to those who have donated I say thank you.
I am waiting for Fat Bastard, the whore blogger Malcolm Graham Wood to earn his pay cheque by saying what great news Frontera Resources (FRR) has served up today. Of course it has not. This is more meaningless gibberish designed to pump the stock ahead of a bailout placing. But I have to take issue with the City's No 1 oil analyst Zac "the knife" Phillips of SP Angel. He is right to be mega bearish but wrong about the company. He opines:
I have repeatedly warned against investing in Gavin Burnell of Globo infamy creation Magnolia Petroleum (MAGP). Drowning in debt, burning cash and paying vast sums to CEO Rita Whittingham and her ghastly relatives on the payroll this is a dog. Today the company says that it is going to try and sell some of its (crap) assets and to save £100,000 it will delist from AIM. It could save far more by firing its deadwood staff. The shares have plunged 65% and are now just 0.6p to sell. But you should sell. SP Angel guru, the City's No 1 oil analyst Zac "The Knife" Phillips sums up this farce perfectly.
This panel discussion was chaired by our very own Gary Newman and featured Jonathan Tidswell of Angus Energy (ANGS), David Bramhill of Union Jack Oil (UJO) and Richard Hale, assistant to "The Knife" in the City's No 1 oil team round at SP Angel
Another day and another bullshit announcement from the company whose main business is issuing new shares while claiming to be an oil explorer, Frontera Resources (FRR). the timing is handy for Frontera is hosting a City presentation for mug punter Private Investors tomorrow. It all smells terribly as if more confetti is on the way. Let's start with the bullshit RNS.
Im am putting off assorting my jumbled thoughts on Neil Woodford and the fraud MySquar (MYSQ) into an ordered presentation but that is for this afternoon. Pro tem I look at Avanti Communications (AVN), IQE (IQE), Mobile Streams (MOS), Nighthawk (HAWK) - off 60% today but still at the very least 80% overvalued - and Leaf Clean Energy (LEAF). If you like bearcasts then remember that at UK Investor on April 21 - THIS SATURDAY - one of many highlights will be a live bearcast with myself and Paul Scott. Make sure you book a free ticket HERE using the promotional code WINNIFRITH. ORDER NOW and we cannt post but will email you a ticket by tonight.
Like Zac "the Knife" Phillips the City's No 1 oil analyst, I have been calling Nighthawk (HAWK) out as worthless crap for ages and thus today's 'fess up bu the company is yet another vindication, as you can see HERE
Shares in Tomco (TOM) are up by 40% today at 2.2p-3p thanks to a jam not even tomorrow but one day statement. But caveat emptor. The City's No 1 oil analyst Zac "the knife" Phillips of SP Angel warns that the business is just plain worthless. He opines:
Shares in Saffron Energy (SRON) are suspended, as seems to be par for the course these days, but that has not stopped the City's No oil analyst Zac "The Knife" Phillips of SP Angel from sticking it to the company. His latest email is damning.
Two days ago Mosman Oil & Gas (MSMN) , share price at peak ramp 44p, put out its latest meaningless RNS. But it was the pump and I am afraid to say that the City's No 1 oil analyst Zac Phillips and his colleagues at SP Angel played their part....
Mayan Energy (MYN) has not had a placing since it raised £2 million gross at 0.6p in mid November. Circa £1.5 million of that went out of the door at once on commission and an acquisition so the tank must be running kind of dry by now. Hence Align being paid to initiate (bullish) research and seven ramptastic releases in less than three months. Today's is shocking and Nomad Roland "Fatty" Cornish, London's most useless Corporate adviser, should be hung drawn and quartered for signing off on it.
Whilst fat bastard Malcolm Graham Wood is paid to ramp shares in Frontera Resources (FRR) by making claims that cannot be verified, the City's No 1 oil analyst Zac "the Knife" Phillips is impartial and, to say the least, not impressed. In his email to clients today the SP Angel guru opines:
I was never taken in by Rita Whittingham's supposedly game changing deal for Magnolia (MAGP) with Western Energy Development. I saw it as nothing more than a way of creating a 29.9% shareholder who would save her miserable skin at an EGM called to oust her after she had stuck her talentless family on the payroll as she mismanaged the company to death. Some were more charitable, such as the City's No 1 oil analyst Zac "the Knife" Phillips of SP Angel, but Zac has seen the light and today sticks the boot in with the shares at 4.65p (post consolidation) and thus still firmly in the minus 99% club. The Knife opines:
The City's No 1 oil analyst makes an oblique reference to the shoddy way this stock is promoted but the reality is that today's news is grim and it is placing ahoy (YET AGAIN). Zac "the Knife" Phillips of SP Angel opines:
The City's No 1 oil analyst Zac "The Knife" Phillips of SP Angel wants a board room cull at Saffron Energy (SRON). He is at his waspish best in a note released after today's news from Italy. I can't see that he is rating the shares as a buy. Over to "the knife" who opines:
I have warned you often enough that Nighthawk Energy (HAWK) is a drowning in debt dog with fleas and that its shares are worthless. But obviously while I trained as an oil analyst with the City's top rated team, Bulletin Board Morons know better. So here is Zac "the Knife" Phillips of SP Angel, the City's No 1 oil analyst, to explain why today's PR guff announcement really means. Over to "the knife":
Folks can ignore the warnings of myself, Nigel Somerville and Waseem Shakoor about the overvalued ramp stock Frontera (FRR) if they wish. But the City's No 1 oil analyst Zac "The Knife" Phillips has just published a very specific and damning note. No doubt "fat bastard" Malcolm Graham Wood will ignore this real analysis as he continues ramping the shares with misleading statements in return for generous cash payments to buy yet more pies. But it might pay the Bulletin Board Morons to listen to someone who is not on the payroll and does know what he is talking about. Over to The Knife...
I am sure that having bought the duff Italian assets of Sound Energy (SOU), Saffron Energy (SRON) shares will be aggressively promoted when they return from suspension. All the usual suspects in team ramp are already making initial noises. But should we really get excited? The City's No 1 oil analyst, Zac "The Knife" Phillips of SP Angel thinks not and opines today:
We own these shares but Zac "The Knife" Phillips is the City's No 1 oil analyst so we have an excuse for flagging up his latest note. His employer, SP Angel, is also shop to Curzon (CZN) so even the great Zac cannot be deemed impartial. However, the leader of the free world has done another "beautiful" thing, slashing US tax rates. Zac opines:
Shares in Pantheon Resources (PANR) are slumping today, off 25% at 52p on an operational update which can, at best, be described as a Curate's Egg. I have long viewed this company as unexciting, at best, and find the unbridled enthusiasm of some of its bulletin board moron shareholders just impossible to fathom. I am not the only cynic. The City's No 1 oil analyst Zac "the Knife" Phillips of SP Angel opines today:
Big news today from the shysters at Green Dragon Gas (GDG) but does it change anything? Over to the City's No 1 oil analyst Zak "the Knife" Phillips at SP Angel who does not hold back:
Drowning in debt and red flags POS Green Dragon (GDG) admitted on 30 October that it was in talks with bondholders to push out repayment terms and it promised that those talks - which had been undserway for a while - would be concluded by 20 November. Well maybe not.
Ramptastic - if not entirely transparent RNS releases, Bulletin Board and twitter ramping by all the usual suspects with ludicrous price targets, no cash. What on earth did you expect was going to happen next at perennial uber dog Mayan Energy (MYN)? As those who were paying up to 0.9p at peak ramp just a few days ago contemplate how they were used to get away a £2 million placing at 0.6p they should have very serious questions for London's worst Nomad Roland Fatty Cornish who has signed off in recent ramptastic releases. Enter the fray Zac "The Knife" Phillips of SP Angel, the City's top oil analyst who has 14 questions that a Nomad with a shred of integrity and competence would have asked before allowing the releases. Over to The Knife who writes:
Zac "the Knife" Phillips is, of course, the City's No 1 oil analyst and as we own shares in Curzon Energy (CZN) I see no problem in highlighting this most excellent piece of research. Okay, SP Angel is a retained broker so feel free to ignore this as PR marketing hogwash but Zac "the Knife" is no fool and is a man who writes what he thinks. Over to "the great one"
The Bulletin Board Morons are starting to froth once again about Pantheon Resources (PANR). I cannot see why. Its latest operational update is, at best, opaque. The City's No 1 oil analyst, Zac "The Knife" Phillips of SP Angel puts it far better than I can. Over to the maestro who opines:
Lifestyle company Magnolia Petroleum (MAGP) has started the ramp ahead of its next bailout placing with news of a share consolidation. It may fool some fools but not the City's No 1 oil analyst, Zac "the Knife" Phillips of SP Angel who is at his waspish best and opines:
Even by the standards of the City's No 1 oil analyst Zac "The Knife" Phillips of SP Angel this morning's note was a savage and brutal attack. Think of a hunter bludgeoning a baby seal to death. The object of the Knife's ire is AIM disaster story Mayan Energy (MYN) and the great man writes:
The City's No 1 oil analyst Zac Phillips of SP Angel is not, like most of his peers, a man who ignores the failings of the numerous useless management teams among the AIM Casino's O&G legion. His verdict on the latest statement from the clowns who run worthless, drowning in debt, Nighthawk Energy (HAWK) is brutal and to the point. Over to "the knife:"
How the Bulletin Board Morons laughed at me as I warned in the strongest possible terms that 88 Energy (88E) shares were a slam dunk sell and that drilling of the Icewine well was not going well. Please form an orderly queue morons I guess you did know better than a trained oil analyst after all. The shares have slumped by 0.75p to 1.25p but a market cap of £56.9 million is still way too high. There is worse to come.
The City's number one oil analyst Zac "the knife" Phillips of SP Angel has this morning torn into much ramped AIM dog Frontera Resources (FRR). I think you can take it that what the Knife means is BARGEPOLE!. Over to the great man:
The City's No 1 oil analyst Zac "the Knife" Phillips of SP Angel is in full flow on the subject of Frontera Resources (FRR) where the management team has today, again, shown that they are greedy selfish pigs who do not give a flying wotsit about shareholder dilution. The Knife puts it a tad more diplomatically but he does not hide his undisguised - and 100% justified - contempt for Steve Nicandros and his co-directors. Over to the Knife...
Another day and another director walks, a new strategy is adopted and yet more confetti is issued by AIM casino uber dog Mayan Energy (MYN), formally the hound known as Northcote Energy. But this latest move just makes no sense at all. Let me explain with a little bit of help from a friend....
I tipped shares in Saffron Energy (SRON) but urged folks to take profits some months ago. The shares were then 8p+ having listed at 5p. In recent weeks the shares have slithered back towards that 5p and I have been urged by folks to re-tip. I resisted that urge. Something was wrong. Now we all know what some folks have clearly known for a while, what the problem is.
The City's Number one oil analyst Zac "the Knife" Phillips is back from celebrating Christmas by butchering baby seals or throwing cute little rabbits to a pack of bloodthirsty dogs and is doing what he does best - sticking it to useless management teams on the AIM Casino. Today Nighthawk (HAWK) has served up a piss poor operational update and the SP Angel analyst opines
The City's number one oil analyst, Zac "the Knife" Phillips of SP Angel has a few words to say about today's lamentable trading update from Nighthawk Energy (HAWK). In short he puts the management on notice that it is now drinking in the last chance saloon. That, I think, is his way of saying you should sell the shares. The Knife writes:
Say what you like about the army of lunatic small shareholders that have stuck with Gulf Keystone (GKP) through thick and think but they are loyal. Rather like a wife who keep getting beaten up by her drunken husband they just stayed on for more. It was almost touching. And now with the debt for equity complete Gulf is to kick those folks in the bollocks with a share consolidation.
I have long held the view that Pantheon Resources (PANR) over-egged the pudding with regard to its US asset base in order to get away its major equity issue of March. It seems that I am not alone and the City's top oil analyst Zac "the knife" Phillips agrees and has gone on the attack in a very hostile note out this morning. I would not touch this stock with a bargepole pro tem but over to the king for his attack...
Another ramptastic RNS this morning from AIM-listed Frontera Resources (FRR) saw the shares race up to 0.135p at the peak but the shares have been sliding ever since, and are now just 0.095p last seen. Surely there isn’t a placing on the way, is there? Broker S P Angel in the form of the City's No 1 oil analyst Zac “the knife” Phillips was not so impressed. It could be good news, or it could just be a pre-placing ramp. But first there is the small matter of funding…..
The City's top oil analyst, Zac "the Knife" Phillips of SP Angel has today issued a stark warning on the risks in holding shares in Gulf Keystone (GKP). As it happens I think Zac is being rather too nice on this occassion, he misses a trick. First to Zac, with the shares now trading at 2.23p, but, he warns, worth as little as 0.65p. "The Knife" writes:
Nighthawk Energy (HAWK) has announced that it has settled US litigation today which is good news. The bad news is that the settlement is nothing like what is described in the RNS. The company is misleading investors in saying that this is a nil cash settlement. And thus the City's top oil analyst, Zac "the Knife" Phillips of SP Angel senses blood. He writes:
Last week Nighthawk Energy (HAWK) issued an operational update. Over the weekend its erstwhile business partner Running Foxes issued a press release which puts Nighthawk in a bind. I shall leave the rest to the City's top oil analyst. Over to Mr Zak "the Knife" Phillips at SP Angel:
I start with an update on the baby, the frigging cot and that smug bitch on the internet. Then it is onto Optibiotix (OPTI), Minoan (MIN), Nighthawk (HAWK), Strat Aero, (AERO), Botswana Diamonds (BOD), a grammar lesson for the City's top oil analyst and finally a new golden rule for shares: the inverse relationship between the number of homophobic lunatics on a shareholder list and the long term prospects of a company. I refer of course to, drowning in red flags, Cloudtag (CTAG)
Boy oh boy, SP Angel's Zac Phillips is on a roll. The City's best oil analyst today sinks his teeth into the management of Frontera Resources (FRR) who show "intellectual deficit, moral deficit, or both." The message for shareholders is a clear one (bail) in what is a superb vicious note from one of the few City analysts prepared to call out wrongdoing on AIM. Our hero writes:
Time and time again we bears warned folks that shares in Petroceltic (PCI) were essentially worthless. But the Bulletin Board Morons - as always - knew better. Tom Winnifrith is just a failed fund manager/pizza boy/alcoholic they chanted as they bid the shares to 20p+. Oh dear folks, this former oil analyst has no sympathy as today Petroceltic received a bid at just 3p per share and that is as good as it will get. The Morons - as ever - just do not know what they are talking about.
Investing does not have to be hard. If you see a company with a weak balance sheet and burning cash you should expect a placing. And so I warned numerous times in recent weeks (notably HERE) that a placing was imminent at LGO Energy (LGO). The head in sand denial was predictable, I await the apologies. Big David Lenigas should be first in line.
Andrew Bell of Red Rock Resources (RRR) and Regency Mines (RGM) like me started his life as an oil analyst. Bell is a Scot living in England and, I sense, supports the Union. As an English taxpayer I cannot pray hard enough for the welfare addicted Money Tree worshipping Greece of the North to vote for independence as I explain HERE. But Bell adds to the debate in a very well argued video showing how SNP assumptions about Scottish oil revenues are quite simply sheer fantasy.