As I write, the price of Gold seems to be going nowhere: it has been hanging around $1850 per ounce pretty much for the whole of January and is still there (more-or-less) now. Silver, on the other hand, has been all over the place. One might have therefore assumed that fully-listed Golden Prospect (GPM) – as a gold mining investor – would have been a very quiet place to be. But it hasn’t been.
We have often criticised Nomad Roland “fatty” Cornish for his role in the debacles at New World Oil & Gas (NEW), Gate Ventures (GATE) and other AIM casino omnishambles stories. Now he is also acting for Rob Terry’s Daniel Stewart (DAN). But in acting for all these POS enterprises and for signing off on so many comically misleading RNS statements, fatty does have a function. He keeps these joke Companies on the AIM casino and that gives the folks on the LSE Asylum something to froth about. Heck, I forgot – fatty also used to act for Aiden Earley’s Worthington (WRN).
Flip flop himself posted a couple of entries and almost won but I would have been accused of fixing the contest so we can’t have that. As such the winner is Bondholder with a posting, needless to say, from the LSE Asylum
What a total omnishambles New World Oil & Gas (NEW) has become. Why were the shares not suspended last week as I advocated to howls of abuse from followers of flip flop Pitchfork Ben Turney who now - belatedly - seems to agree. In this podcast I pose some serious questions for the company and its advisers and have a few suggestions on what needs to happen. And a warning for some of flip flop Pitchfork's followers who have piled in.