Keyword results: vast

Top-10

Notes from Underground – Most read articles for the week ending 8 January 2022

Yet againt, the Tips of the Year are the 18 most-read articles last week. The most-read non-Tom, non tip-of-the-year is Why Red Rock should be Tom’s tip of the year by Andrew Bell. It was not Tom’s tip of the year.

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Tom Winnifrith Bearcast - Eurasia and Vast taking the dividend piss

In today’s Bearcast I look at Bitcoin and at Argo Blockchain (ARB), at Sosandar (SOS), at the increasingly uber toxic Union Jack Oil (UJO), at Vast Resources (VAST) and at Eurasia Mining (EUA)

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Tom Winnifrith Bearcast - now you see it now you dont, the melting Tern NAV

In today’s podcast, I reflect on yesterday’s family meal in Shipston, then look at Central Copper Resources and Red Rock Resources (RRR), folks may believe in Santa but do they still believe in Andrew Bell? Then I consider Tern (TERN), PCF Group (PCF) and the fraud Supply@ME Capital (SYME) and I urge you to enter Nigel’s sweepstake HERE before midnight. Finally I have along look at Vast Resources (VAST).

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Tom Winnifrith Bearcast: A tale of 2 death spirals and is even Evil Knievil still friends with Amigo? If so why?

In today’s podcast I look at Vast Resources (VAST) and why you should read an RNS closely and at Supply@ME Capital (SYME) as I get my dates confused and so, it seems, does it. I consider Eurasia Mining (EUA) – surely a statement needed. I look at Skinbiotherapeutics (SBTX) and at Amigo (AMGO) where surely even Evil must concede defeat at the hands of the FCA on whose side I am on, in this matter at least.

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Tom Winnifrith Bearcast: 4 companies that just make me think something is so wrong with the corporate world and society

I start with a big dilemma regarding neighbour E and bonfire night but then look at four companies: John Lewis, Vast Resources (VAST), Oxford Cannaboid (OCTP) and Argo Blockchain (ARB). I am quite angry today so Matthew & his dog are in for a treat.

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Tom Winnifrith Bearcast: Happy Halloween, is that Julie Meyer screaming Trick or Treat at my front door?

Actually it is lashing down with rain and the Welsh Hovel is at the end of a badly lit lane so I shall be very surprised if any kids venture down here to say Trick or Treat. But I am ready to say “bugger off” if they do. In the podcast I discuss storms, COP26 and 1987, today’s article on Vast Resources (VAST), and the shock factor of interest rate rises for folks who cannot consider the idea they may happen.

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Vast Resources /Botswana Diamonds - $4 million black hole: statement needed now

As you may know, John Teeling of Botswana Diamonds (BOD) is the only AIM boss to have seen me with no clothes on. But it is not fond memories of Clontarf veterans rugby team that brings him to mind today. It is a $4 million black hole that his company and, more specifically, Vast Resources (VAST) need to address with an RNS first thing Monday.

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Tom Winnifrith Bearcast: its V Day!

I start with the two companies beginning with V and articles on this website today: Versarien (VRS) has responded, weakly to this expose. Vast Resources (VAST) cannot respond to this bombshell which exposes the cancer at the heart of AIM Regulation again and makes the shares uninvestable at any price. Then I look at Ben’s Creek (BEN), Skinbiotherapeutics (SBTX) on product launch day and at Central Copper where an IPO that should be pulled is delayed again. 

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BREAKING: Explosive Winnileaks email on Vast Resources - WH Ireland refuses to act for the firm and slates Prelea, Fatty Cornish doesn't care

In March this year WH Ireland was approached to become joint broker to Vast Resources (VAST). It conducted due diligence and that threw up so many red flags about the business but also about boss Andrew Prelea that WH Ireland said that  it could not act.  The email exchange detailing this has found its way via Winnileaks to myself and is published below. It is damning and all credit to WH Ireland for putting principle before profit. But Nomad Roland Fatty Cornish has been made aware of the same issues and appears to think that a) it is just after two so time for the third course of a six course luncheon and b) that he should just carry on taking the cash come what may.  Lunches don’t pay for themselves after all. Enablers like Fatty are why AIM is a sewer. I am aware of a number of matters which WH Ireland discovered and anyone owning shares in Vast is truly certifiable.

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Tom Winnifrith Bearcast: Am I wrong about Supply@ME Capital and how do you know if Andrew Prelea of Vast is lying?

I start with a few notes on horticulture here in Wales then move onto questioning my strongly held belief that Supply@ME Capital (SYME) is a worthless fraud. Then I explain why the recent Cenkos note on Skinbiotherapeutics (SBTX) is wrong and how, via its website, the company faces an acid test. Actually the website I refer to has now been amended as you can see HERE. But not before my contact placed an order.  Finally I look at Vast Resources (VAST) and its shocking placing followed by even more shocking no-one is watching O’clock results.

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5.5p to 2.5p in 9 working days- the Vast Resources shitshow in full swing with ANOTHER bailout placing

First came the insider dealing. No, surely not this is AIM! That took the shares to 4.2p in five working days. Then came the catalaogue of disasters trading statement the next working day. That took the shares to 3.5p. And today, as I predicted,  three days later, there is a bailout placing at 2.5p and the shares are now 2.95p. What a shitshow. Of course it also magnifies the lies told to investors back in late April.

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Tom Winnifrith Bearcast: an unpriced option to buy 80% of a business with no given profits at no specified cost is worth what?

In today’s Bearcast, I look at Skinbiotherapeutics (SBTX), Optibiotix (OPTI), Kefi (KEFI), Nightcap (NGHT), VAST Resources (VAST) and finally at my old pal Richard Poulden’s Valereum Blockchain (VLRM), the current love interest of Big Dave Lenigas. 

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Of course there is no insider dealing in London and on AIM - just look at the Vast Resources 5 day chart

Today, Vast Resources (VAST) served up its usual fare of bad news: project delays, financing set backs and death spirals ahoy. All the usual bad news but enough to send the shares crashing below 4p. And it was only two months ago when the company’s third rate joint broker Axis Capital raised it £1.76 million at 6.3p. Ouch. The shares were almost 5.5p last Monday but fell throughout the week to close Friday at 4.2p.

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Tom Winnifrith Bearcast: How do you know when an AIM CEO is lying?

In today’s podcast, I consider the video interview I’m doing later on the FCA, Ben’s Creek (BEN) and how its inevitable failure will come to haunt the AIM sewer, Vast Resources (VAST), UK Oil & Gas (UKOG), Seed Ventures (SEED), Eden Research (EDEN) and the dual list on OTC con, and Predator Oil & Gas (PRD

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Vast Resources: The Oxymorons at AIM Regulation vs Fleet Street Legend Brian Basham (again)

Clearly Vast Resources (VAST) has misled investors of many years allowing the AIM fat cats who run this company to live the lifestyle at the expense of others. I flagged up one such shocker HERE. Fleet Street legend Brian Basham has tried to get the woke dullards at the FCA and the Oxymorons at AIM Regulation to do something but neither seem to care.  His latest exchange of emails has fallen into my hands.

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Tom Winnifrith Bearcast: I disagree with Luke Johnson

I fly back to Wales tomorrow so have wasted too much of my life filling in moronic covid related forms today. I cannot say that i am happy to be heading back. I start with Luke Johnson’s warning on WFH and I rather think that on some points I disagree with my friend. Then onto UK regulation and its failings ref today’s two articles on Vast Resources (VAST) and the bombshell on the Zoetic (ZOE) fraud.

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Brian Basham again names the bulletin board poster Vast paid to ramp as he lashes out at the failings of AIM Regulation

Brian Basham sent my most recent article on Vast Resources (VAST) to the Oxymorons at AIM Regulation demanding it take action. Its risible response is below followed by another damning missive from the Fleet Street legend.

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ZOE
ZOE
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Zoetic – engagement with TMS & misleading "research": the whiff of panic is overpowering

The fraud Zoetic (ZOE) pays thousands of pounds a month to the employer of journalist smearing morally bankrupt PR man Henry Harrison Topham to get it positive press coverage. Natch he fails to deliver any at all so with the shares falling at a rate of knots what to do?

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Vast Resources should sue Tom Winnifrith for defamation says a Fleet Street legend

So says Fleet Street legend Brian Basham. Given that Brian has accused Vast’s (VAST) board of malfeasance and repeatedly called on the useless regulators to act against the company I doubt he has its best interest at heart. This is one case I would love to fight so bring it on Vast: see you Bitchez in Court! So what is Brian’s point?

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Tom Winnifrith Bearcast: Andrew Bell now officially drinking in the last chance saloon at the Punter's Return

I start with a few reminiscences about how myself and George the Architect exposed the InternetQ fraud. Then I cover: Kefi (KEFI), Supply@ME Capital (SYME) and More Bull from it, Vast Resources (VAST), Purplebricks (PURP), Argo Blockchain (ARB), Verditek (VDTK) and Andrew Bell’s Red Rock Resources (RRR).

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Vast Resources: Guess what? It’s another discount placing but what about those dividends you lying bastards?

Back in April Vast Resources (VAST) managed to persuade shareholdcers to approve a 100-1 share consolidation by telling them a stack of blatant lies, lies which have been shown up with news today of yet another discounted placing.

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Tom Winnifrith Bearcast: If Ron Pilbeam has not broken market rules either I'm a banana or the rulebook is a joke (or both)

Is the sound okay? The arrival of the Mrs and Jayarani means a change of recording location. I start with Peter Brailey’s Predator Oil & Gas (PRD) expose. If the FCA does not come down on director Ron Pilbeam like a ton of bricks we might as well all give up. Then I look at Vast Resources (VAST) – a total bargepole stock where I sniff a deeply discounted placing  – then challenge you on two counts regarding Online Blockchain (OBC) before considering Argo Blockchain (ARB) its strangely worded RNS today and whether it will still be solvent on St Ledger’s day. 

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Ex Vast Resources director Brian Basham names paid BB ramper in damning email to FCA

Fleet Street Legend Brian Basham was once a director of Vast Resources (VAST) but resigned in disgust at what he saw as blatant corporate malfeasance. He has been urging the Oxymorons at AIM Regulation and the woke dullards at the FCA to act, so far, without success. His latest missive to the FCA has fallen into the hands of Winnileaks and makes accusations that surely demand a response. It is shocking and it is below.

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Tom Winnifrith Bearcast: those magic words "I have 700 Euro for you here in cash" worked perfectly

I start with swimming pool news then look at today’s shocking Vast Resources (VAST) expose HERE. Then onto Berkeley Energia (BKY) – another reason to be glad about Brexit – then onto Cineworld (CINE) and Nightcap (NGHT). I save my football take for my own website HERE.

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BREAKING: Former Vast Resources director Brian Basham accuses AIM and the LSE of obfuscation and deception in not tackling clear abuse

Fleet Street legend Brian Basham is at war with Marcus Stuttard, his team of Oxymorons at AIM Regulation and the London Stock Exchange over its refusal to tackle what he sees as industrial scale abuse of market rules and shareholders’ funds at Vast Resources (VAST) where he was once a director. His correspondence with the hapless Stuttard, the self-styled Sheriff of AIM, began on April 20:

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Tom Winnifrith Bearcast - a surprise windfall for me will pay for 150 olive trees and a lot of ouzo

I discuss that surprise windfall, the Mrs getting her jab and look at Wildcat (WCAT), MyHealthChecked (MHC), Versarien (VRS) and Vast Resources (VAST).

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Vast Resources – wants shareholder approval for more value destruction: vote NO at GM, let's end the gravy train now!

In 2008, shares in Vast Resources (VAST) traded at 24.6p. Today they trade at 0.082p. In other words, those running this company have, while trousering multi-millions of pounds in fees, managed to destroy 99.67% of shareholder value. While many companies do badly for shareholders, the trick here is to keep the company going so more fees can be extracted as part of an ongoing shareholder screw. Now the board wants shareholder permission for more of the same. I urge shareholders to say NO!

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Tom Winnifrith Bearcast: Steve O'Hara of Optibiotix blames interviews with me for share price weakness

Yup, if he does an interview with me and my tough questions, shares in Optibiotix (OPTI) go down.  So, going forward, it is only those paid-for interviews with folks like Proactive. “Steve, is your schlonger enormous or gigantic? Why are your shares so cheap? etc etc.” Whatever, I apologise to you all for asking the odd question. Without my malign influence, Optibiotix would clearly be in the FTSE 100. I discuss this company’s prospects and also those of Skinbiotherapeutics (SBTX) where I am also a loyal shareholder. I look at Trainline (TRN), Online Blockchain (OBC) and Vast Resources (VAST).

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Vast Resources – The bank says Not on your Nelly! The shame of Prelea and Fatty continues…

With London’s worst Nomad, Roland “Fatty” Cornish, advising it, we have time and again warned you that VAST Resources (VAST) is the sort of dog that even paid for hustlers like Zak Mir wouldn’t tip. Okay he probably would but you get the picture. Today we have a major disaster and the shares have crashed.

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Vast Resources – Director buy a Red Flag?

I haven’t written about AIM-listed Vast Resources (VAST) since January, when I said sell  at 0.335p. Well, the stock is now 0.1375p so I guess it is time for an Ouzo – but a director share purchase announcement makes me think it is still a sell.

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Vast Resources a serial disappointer except when it comes to share issuance - sell

Vast Resources (VAST) is typical of many AIM mining companies in that it has always promised a lot but failed to deliver, whilst continually raising more capital via regular equity issues.

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Tom

FREE Podcast: ShareProphets Radio Edition 23 with Tom Winnifrith and Lucian Miers

My guest in this week's show which is sponsored by Open Orphan PLC (ORPH) is my old pal, the Godfather of my son, the Bard of the Boleyn, Mr Lucian Miers. We discuss how a bear can make money in this market, Tesla (TSLA), Versarien (VRS), NMC Health (NMC), Rogue Bloggers for Woodlarks (please do sponsor us HERE), AFC Energy (AFC), Vast Resources (VAST), Finablr (FIN) and much more including a few of Lucian's top US shorts.  I also have a question about those who invest in frauds and who harass me and my family. If you are such a troll maybe you can enlighten me? If you like this podcast and can't wait seven days for more of the same and are tired of being a cheapskate you should listen to my Bearcast every day.

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Vast Resources – let the death spiral commence, and a slam-dunk breach of AIM Rules

One day short of four months on from its first announcement, AIM-listed Vast Resources (VAST) has at long last confirmed receipt of the first tranche of the death spiral funding it said it would not do. So yesterday’s announcement that the cheque really was in the post this time appears to have been true. Quite why it has taken so long remains a mystery, but whatever: let the death spiral commence. But how much actual cash does Vast gain from this charade?

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Vast Resources - the death spiral cheque is in the post. Honest! Fatty says it is!

Only the laziest, stupidest and most credulous of Nomads would have signed off on the death spiral funding releases issued over the past few months by, almost certainly worthless, Vast Resources (VAST). Luckily Vast employs Roland "fatty" Cornish  and so today we get another update. You may remember... 

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Winnileaks special: Vast Resources: Ex Director Brian Basham accuses Fatty Cornish of signing off on untrue statements

Oh dear, oh dear, London’s worst Nomad, Roland “Fatty” Cornish really does have a lot on his plate this morning. I refer not to his third portion of finest Manx Kippers dripping in butter, followed by a quartet of hot crumpets with lashings of strawberry jam. No, he is already in hot water over his advice to ADVFN (AFN) that it should break AIM Rules but now Fleet Street Legend Brian Basham has written to Fatty about another of his cash guzzling and worthless clients, Vast Resources (VAST) and, thanks to Winnileaks, I have that letter.

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AFC
AFC
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AFC Energy, another spoof, the legal claim and the track record of shame

If you ask the bear community for its top 4 shorts on AIM certain companies seem to feature in almost every list….

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Vast Resources is shortable and should be shorted

There is borrow so don’t hold back. The market cap was £28 million at a 0.305p share price when this piece first appeared. The shares are now 0.285p but this could go all the way.

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Vast Resources: where is the cash, Nomad Roland “Fatty” Cornish? Do AIM Rules mean anything at all?

Show me the money, AIM-listed Vast Resources (VAST)! Eight days ago at 3pm the company slipped a small statement with regard to its long-awaited death spiral financing first announced way back on 1 October 2019 into its no-one-is-watching o’clock Interims to October 2019……and we’ve heard nothing since. Is the deal off? What is the problem? Was there ever a deal? Has the lender got the cash?

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Vast – Interims at 3pm on a Friday, no-one-is-watching o’clock? Uh-Oh…..where’s the cash?

AIM-listed Vast Resources (VAST), a company about which I have been a perennial bear and issued a sell call in the run-up to Christmas when the debt funding didn’t appear, has released interims to 31 October this afternoon. At 3pm on a Friday! What horrors do we find?

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Father Christmas

2019 Christmas Eve "Bury Bad News" Sweepstake result

Having been visited by the Ghost from Christmas Past I got a bit confused and befuddled over the deadline for this year’s ShareProphets Bury Bad News Christmas Sweepstake. Since then, of course, I’ve seen a few more ghosts, including the one for Christmas Present and the bury bad news sweepstake certainly threw up a good few of those (for non-shareholders). So who won?

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Tom Winnifrith Bearcast: Merry Christmas to one & all, even Godless Darren & Charles Tatnall whose RNS today is a complete shocker

Yes Merry Christmas to you all and to your families however you celeberate it and even if you are a pagan like Darren Atwater or a sinner like some of those I discuss today: Vast Resources (VAST) and a spoof warrant exercise, my friend Andrew Bell and Red Rock Resources (RRR) who makes himself a hostage to fortune with his careless words, Drew Nelson at IQE (IQE) with an odd management greed RNS and Charles Tatnall whose Fandango Holdings (FHP) serves up the most bonkers and misleading set of results in 2019.

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Vast Resources – Convertible funding delay: SELL

AIM-listed Vast Resources (VAST)  has, to say the least, a chequered history when it comes to raising convertible funding, with a string of highly dilutive deals in the past which often were then binned and in the past it told shareholders it would not do any more. But it did. Or, rather, it announced a deal on 24 October but almost two months on, no cash has appeared. Except that the deal was first announced on 1st October.

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If Vast Resources had a proper Nomad there would be a full steward’s into its placing disclosures

But it does not. Its Nomad is Beaumont Cornish, run by Roland “Fatty” Cornish who only acts for companies that are the dregs of the AIM Cesspit. They can say what they want in an RNS, fatty will sign off on it before waddling off for a four course breakfast, luncheon or dinner. Bad companies use Fatty as he will sign off on anything. Good companies do not want investors assuming they are dodgy so use another Nomad. And that brings us to Vast.

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VAST – it’s mega dilution time as finance facility is revealed as a Death Spiral with bells on

Amazing. Yesterday, having promised news on a $13.5 million finance facility at regular intervals since 1 October, AIM-listed VAST Resources (VAST) essentially told us it didn’t know when it would come through. This morning and bingo, its arrived. Its nice to feel the board is fully in control of things. But having told us in December last year that it would not do any more death spirals, guess what! And worse still, the previous clientele of this fine upstanding finance firm appears to consist of the fraud MySquar (MYSQ), and Bushveld Minerals (BMN) back in the days when it was a penny stock dreadful gasping for cash.

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Tom Winnifrith's Bearcast: From Nigel Somerville's Big Sofa it is au revoir to an emigrating Darren + Woodford's secret £25m windfall

A day of travel adventures. I recount my breakdown last night, an angelic lorry driver and how I ended up on Nigel Somerville's sofa. Meanwhile Darren Atwater is leaving the UK but not ShareProphets. Then I look at utter lunacy from a "woke" FRC and inept Business Secretary Andrea Loathsome. Then it is onto Neil's sacking from Woodford Patient Capital Trust (WPCT), what it means for the Trust and how it will help him hide another £25 million personal windfall gain. I cover Tesla (TSLA) as the bears are squeezed by book cooking. Finally a look at the murky death spiral announced by Vast Resources (VAST).

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VAST – and another question: about that £1.8m subscription…..

One of the problems, when you catch a company with its trousers down, is that you begin to question everything. We now know that AIM-listed Vast Resources (VAST) announced a $13.5 million funding facility on 1st October has not been signed off as was promised within a week on 1st October, updated on 8th October and then promised again on 11 October – and that it seems to have been kicked into at least slightly overgrown grass on the back of laughable excuses offered yesterday. But what now of the subscription which was announced also on 1st October for £1.8 million?

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Tom Winnifrith Bonus Bearcast: A monkey lies down with 2 dogs and emerges covered in fleas, Vast is 'avin' a giraffe as is the FCA while St James's screws its clients

I bring you a bonus bearcast, covering the FCA taking the piss (hat tip, in-house Euro loon J Price), Andrew Monk's VSA lying down with the lowest scumbags of the low, why I don't believe a word AIM dog Vast Resources (VAST) says and why St James's Place (STJ) shares are uninvestable at two levels. VSA's invitation of shame is below.

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VAST – laughable excuses, SELL!

AIM-listed Vast Resources (VAST) has responded to my jibes this morning over the non-appearance of Mr Godot three times (beating Samuel Beckett) in that its finance facility has still not been signed and the Chiadzwa diamond project has still not been signed off. We are told:

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Vast Resources – where, oh where is Mr Godot? Statement needed – time for Nomad Fatty to act!

AIM-listed Vast Resources (VAST) announced a mega-funding on 1st October and said it would be signed later that week. Then on 8 October we were told it was in the process of being finalised and a further announcement would follow. On 11 October it said it would be signed later next week. It is now October 22 and there is still no sign of it. Surely a statement is overdue.

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VAST – Mr Godot now three times absent: still being careful out there

It is now 12 days since my piece on AIM-listed Vast Resources (VAST) telling readers to be careful out there. At the time, a promised $13.5 million finance facility due to be signed the previous week hadn’t yet appeared and there was no sign of its much-vaunted Chiadzwa joint-venture project which was supposed to have been signed off in the first week of October actually being signed either. Well, here we are – is there any news, or is Vast to be put in the same camp as those chumps as Providence Resources and Lansdown who were waiting….and waiting for cash for their Barryroe well which never came?

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Vast Resources – be careful out there!

On 26 September AIM-listed Vast Resources (VAST) released an update on its Chiadzwa Community Diamond Concession in Zimbabwe. The market reacted very positively, marking the shares up from 0.118p the previous close to end the day at 0.2p and the rise has continued to the current 0.345p. In addition, a subscription at 0.2p was announced alongside news of a finance facility worth $13.5 million which was due to be signed last week….except it hasn’t as yet. Oh dear – on the principle that bad news is always delayed I am a little nervous of the recent share price strength already.

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Vast Resources – Manaila Mine not reopening (yet)…oh, and a Corporate Restructuring. SELL.

As if the poor shareholders in AIM-listed Vast Resources (VAST) had not suffered enough! Today the company announced that its Manaila mine in Romania which has been on care and maintenance since December 2018 will not now be reopened as planned this month (with just two working days left!!), in order to reduce costs. Oh, and there is a full corporate restructuring and refinancing underway.

VAST – having promised no more death spirals and then done one with no conversion notice within 30 days…….. WTF, Nomad Fatty?

I highlighted the latest in a series of death spirals entered into by AIM-listed Vast Resources (VAST) on 22 December (see HERE). That was after the company had said it wouldn’t do any more, but then announced its issue at no-one-is-watching o’clock on 21 December 2018. The thing is, it told us that tranches of the death spiral loan would not be convertible into shares of the Company (the “Shares”) for the initial 30 days from the date of their respective advance. And so today, 18 January - and thus four weeks and not thirty days later…..

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Red Flags at Night: Vast Resources - having said it would avoid death spiral finance……

Oh dear! Previous boss of AIM-listed Vast Resource (VAST) Roy Pitchford had an unhappy time with death spiral finance facilities with Crede and Bracknor and now, despite the company having said it would avoid death spiral finance facilities in future, has announced – under Brian Moritz – a “bridge facility” which is….a death spiral, this time with Bergen. It is interest free, naturally – if you ignore the fees – but critically, this time the facility is not convertible for 30 days. After that…..well, we know what death spirals do to share prices.

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The Seven Mythical Wonders (September update) – My final review of this collection of ‘never-quite-getting-there’ companies

This series has gone on long enough so I’m bringing it to close this month with the biggest news relating to the ongoing moving of the goalposts at Kibo Energy (KIBO) which makes one wonder whether the flagship project in Tanzania is ever going to see the light of day.

URU
URU

The Seven Mythical Wonders (August update) – wondering on Manica, Zebediela and Batai Plai

It’s that time of the month again and with two of the seven mythical creatures proving their existence so far, I was hoping for some more progress this month from the remaining five. Alas no, just more prevarication, distraction and fund raising – how disappointing.

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The Seven Mythical Wonders (belated July update) – Great news: Optibiotix proves Father Christmas does exist!

As Cornelius Nepos said: “After the darkness comes the light” and having been in despair last month writing June’s update, I am back to my bouncy best as Optibiotix (OPTI) has become the second Mythical Wonder to become real and in some style…..although I hope it now performs better than the first!

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The Seven Mythical Wonders (June update) – I’m starting to despair

When I started this series in January, I didn’t realise how dispiriting it would be as, yet again, my seven wannabe Loch Ness Monsters have proven to be just another set of blurry photographs of tree branches. At this rate I’m going to struggle to make it to the end of the year but at least I’m not a shareholder in any of them I guess.

XTR
XTR

The Seven Mythical Wonders (April update) – Xtract disappoints yet again but EVR Holdings appears tantalisingly close to launch

It’s time for my monthly look at this motley selection of AIM wannabes. Not much to say for most of them so want to focus on the contrasting progress reports from Xtract Resources (XTR) and EVR Holdings (EVRH).

The Seven Mythical Wonders (Feb update) – Good news for Kibo Mining

I started the year with a light-hearted look at a few value-generating AIM yarns that appear to have a lot in common with the Loch Ness Monster as there is some doubt as to whether they are ever going to be seen. It feels like monthly updates are appropriate and it’s been a busy start of the year for some of these AIM yetis.

XTR
XTR

The Seven Mythical Wonders of the AIM Casino

I’ve been a bit preoccupied in recent weeks with a certain fund manager so thought I should catch up with a few old friends on AIM this weekend but it transpires that not a lot has actually happened. It made me realise more than ever that AIM is much more about the travelling I hope than the arriving. Accordingly, I thought it was more appropriate to write a piece heralding the 7 Mythical Wonders of the AIM Casino instead.

KIN
KIN

‘Kin ‘ell, Steve, you missed a trick or two, what are you playing at? Where’s the warm welcome back for L1 Capital?

I’ve been away for a few days so just catching up on matters and first things first, I need to pick up my normally excellent colleague, Steve Moore, on a couple of glaring ommissions in his piece on Kin Group (KIN) and its funding announcement earlier this week. It was rather rude after all to not give a warm welcome to an old friend.

Brandon Hill says Vast disposal "an excellent deal"

Okay it is house broker so hardly partial but the disposal made by Vast Resources (VAST) and announced today can't be bad news can it? Over to broker Brandon Hill which writes:

VAST after-hours comedy warrants ShareProphets RNS Translation Service

At 6.15pm on Friday – truly no-one-is-watching o’clock – AIM-listed Vast Resources (VAST) released an RNS detailing the exercise of warrants and consequent issue of equity. It is comedy central. Perhaps readers can explain the 10% commission part…..

Vast Resources – Well done Roy, you worked it out in the end (again!)

Déjà vu this morning with the announcement from Roy Pitchford at Vast Resources (VAST) earlier today as he announced that it was ditching the Bracknor facility, presumably as he realised that it wasn’t doing wonders for the share price. Well, at least you realised before causing any further damage.

DCP
DCP

DiamondCorp – a new contender for the most expensive loan in AIM history?

Well you can’t say you weren’t warned by Tom Winnifrith that shareholders in AIM-listed DiamondCorp plc (DCP) were either about to get screwed or simply lose everything. To its credit, the company had been pretty explicit that it needed a minimum of £500,000 in the kitty and pronto or it would be lights out. With one potential deal scuppered when the potential saviour walked, it looked grim. But yesterday afternoon the company announced that it had secured £700,000 in a Sharia-compliant funding facility with shareholder Rasmala plc. As to the terms, well given the parlous position of the company it is hardly a surprise to find that there are several pounds of flesh involved.

Vast Resources: Suspicious share trading activity – FCA need to get involved – and an investigation that even Clouseau could solve!

I appreciate that Tom wrote last week about the expensive loan from Bracknor (HERE) ; however, I wanted to point out a few other aspects of the financing transaction, particularly after the laughably naïve RNS’s that came out this morning. The FCA need to take a closer look.

Beggar-Stockbroker

Northland Capital Partners – relying on Bank of Beaufort?

Continuing our wanderings through the accounts of those who promote and look after companies listed on the Casino, we turn here to the FY (to Mar 16) accounts of Northland Capital Partners – Nomad to such fine enterprises such as AIM-listed Edenville Energy (EDL) and the now executed Eastbridge Investments (EBIV), Broker to AIM-listed Octagonal (OCT) and introducers of  Vast Resources (VAST) to the fine fellows at Bracknor. A truly magnificent contribution to life on the Casino I’m sure we all agree.

Vast Resources - The Interest Free loan which will actually cost a minimum of 27.5%

Shitty little AIM Companies such as Vast Resources (VAST) would be better off borrowing on the company credit card than dealing with loan sharks such as Bracknor and Northland Capital. To add insult to injury Vast describes as $2 million loan today as interest free. Bollocks. It is even more expensive as the infamous loan from fragrant Katrina Clayton the wife of the FD at FRAUD African Potash (AFPO).

EUA
EUA

Eurasia Mining – Shocking loan deal: worse than Wonga

I’ve been following the antics of Sanderson Capital Partners for a while now and yesterday’s latest shocking funding deal with Eurasia Mining (EUA) has tipped me over the edge and forced me to write.

Vast Resources: Crexit achieved, an incredible effort from the activist shareholders

It’s been a fantastic week for democracy on AIM first with the ousting of the Teathers Financial (TEA) Board early in the week and then, yesterday, even more impressively was the show of strength by the shareholders of Vast Resources (VAST) at the general meeting ousting the greedy financiers, Crede, in the process.

Vast Resources: Shareholder activism at its best – make sure you get involved NOW

Despite Vast Resources’ (VAST) share price taking a bit of a beating last week, it is great to see its private investors getting together to try to make a difference, rather than just sitting back and accepting their fate.  As a big fan of shareholder activism, I’m more than happy to do my bit to publicise the cause and try to get more people involved.

Vast Resources – a litany of excuses and extraordinary dilution ahead – the perfect RNS

I first commented on the shocking funding deal between Vast Resources (VAST) and Crede HERE in March with the share price around 0.3p and although Vast managed to get out of the second tranche of funding (and got into bed with Darwin instead), yesterday’s RNS gave a disastrous update on all funding and operational matters – what a doozy!

Bearcast

Tom Winnifrith Bearcast - one week to Brexit?

Well fingers crossed anyway - I cannot claim to be hiding my views! The Mrs flies back to the UK today so normal full work service resumes tonight. Pro tem I have comments on Vast Resources (VAST), Highlands Natural Resources (HNR), PHSC (PHSC), XCite Energy (XEL), Gulf Keystone (GKP), Totally (TLY) and Skil Ports & Logistics (SPL).

A Crede comparison (Part 1): Vast Resources – a trading opportunity

A few weeks back I first wrote about the Crede funding deals in place with both Vast Resources (VAST) and Amur Minerals (AMC) (HERE) and (HERE) and thought it would be interesting to compare how the two companies have fared since then having taken slightly different routes and also discuss the trading opportunities arising as a result.

Vast Resources – well done Roy, you worked it out in the end

Great news for the shareholders of Vast Resources (VAST) this morning as Vast announced that it was withholding consent to the second tranche of the Crede financing. If no-one minds, I’d like to take some of the credit!

Bearcast

Tom Winnifrith April Fool Bearcast -talking of Fools: Ascent Resources, Nighthawk and folks with MBAs

I name a few folks who fell for Nigel's April Fool today. How could you think so badly of me? Then it is onto: Ascent Resources (AST), Nighthawk (HAWK),  Digital Barriers (DGB), Jiasen (JSI), Stratmin Global (STGR), Gulf Keystone (GKP), AFC Energy (AFC), Vast Resources (VAST) and Nakama Group (NAK). I am rude about folks with MBA's today so if you have one brace yourself.

AMC
AMC

Amur Minerals – yet another sucker has fallen for the Crede “death spiral on steroids”

Having written yesterday in amazement about the fact that Roy Pitchford, CEO, at Vast Resources (VAST) could have done such a shocking funding deal with Crede Capital (HERE), I immediately then realised that Amur Minerals (AMC) have done an almost identical deal with Crede but has somehow managed to be even more misleading about it.

Vast Resources – an absolute shocker of a funding deal (unless you’re Crede!)

I am part disgusted and part amused by the shocking mess that the Vast Resources (VAST) management team has got itself into recently, all courtesy of a ridiculous funding arrangement that they agreed to in January this year with Crede Capital.

Zak Mir Bulletin Board Heroes: Independent Resources, Optibiotix, Oxus Gold, Stratex, Vast Resources

Featuring shares of Independent Resources (IRG), Optibiotix (OPTI), Oxus Gold (OXS), Stratex (STI), Vast Resources (VAST), together with some share price targets.

Zak Mir Bulletin Board Heroes: African Potash, New World Oil & Gas, Premaitha, Vast Resources, Westminster Group

Featuring shares in African Potash (AFPO), New World Oil & Gas (NEW), Premaitha (NIPT), Vast Resources (VAST), Westminster Group (WSG), together with some share price targets.

XTR
XTR

Zak Mir's Bulletin Board Heroes: Eland Oil & Gas, Imaginatik, Plutus Powergen, Vast Resources, Xtract Resources

Featuring shares in Eland Oil & Gas (ELA), Imaginatik (IMTK), Plutus Powergen (PPG), Vast Resources (VAST) and Xtract Resources (XTR) with share price targets for all five stocks

GKP
GKP

Zak Mir's Bulletin Board Heroes - Boxhill Technologies, Empyrean Energy, Gulf Keystone, Oracle Coalfields, Vast Resources

Featuring shares in Boxhill Technologies (BOX), Empyrean Energy (EME), Gulf Keystone (GKP), Oracle Coalfields (ORCP) and Vast Resources (VAST) with share price targets for all five stocks.

LGO
LGO

Zak Mir's Bulletin Board Heroes: Alba Mineral Resources,Boxhill Technologies, LGO Energy, Mosman Oil & Gas, Vast Resources

Featuring shares in Alba Mineral Resources (ALBA), Boxhill Technologies (BOX), LGO Energy (LGO), Mosman Oil & Gas (MSMN) and Vast Resources (VAST) with share price targets for all five stocks.

SP Angel Morning Mining Note: Centamin, Minera IRL and Vast Resources

John Meyer of SP Angel this morning comments on Centamin (CEY), Minera IRL (MIRL) and Vast Resources (VAST) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

Zak Mir's Bulletin Board Heroes: Beowulf Mining, Nostra Terra, Sirius Petroleum, Serica Energy, Vast Resources, W Resources

Featuring shares in Beowulf Mining (BEM), Nostra Terra (NTOG), Sirius Petroleum (SRSP), Serica Energy (SQZ), Vast Resources (VAST), W Resources (WRES), with share price targets for all these minnows.

SP Angel Morning Mining Note: Firestone Diamonds, Gemfields, Highland Gold, Polyus Gold, Vast Resources & Wolf Minerals

John Meyer of SP Angel this morning comments on Firestone Diamonds (FDI), Gemfields (GEM), Highland Gold (HGM), Polyus Gold (PGIL), Vast Resources (VAST) and Wolf Minerals (WLFE) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

Zak Mir's Bulletin Board Heroes - Ashley House, Churchill Mining, Clear Leisure, Vast Resources

Featuring shares in Ashley House (ASH), Churchill Mining (CHL), Clear Leisure (CLP), Vast Resources (VAST) with share price targets for all four stocks.

CPX
CPX

Zak Mir's Bulletin Board Heroes - Arria NLG, AsiaMet Resources, Cap-XX, Centralnic, Sirius Minerals, Vast Resources

Featuring shares of Arria NLG (NLG), AsiaMet Resources (ARS), Cap-XX (CPX), Centralnic (CNIC), Sirius Minerals (SXX), Vast Resources (VAST), together with some share price targets.

GDP
GDP

Zak Mir's Bulletin Board Heroes - Churchill Mining, Goldplat, Motif Bio, Solo Oil, Tern, Vast Resources

Featuring shares of Churchill Mining (CHL), Goldplat (GDP), Motif Bio (MTFB), Solo Oil (SOLO), Tern (TERN), Vast Resources (VAST), together with some share price targets.

Zak Mir's Bulletin Board Heroes - Fitbug, Genel Energy, Kellan Group, MTI Wireless Edge, Nostra Terra Oil & Gas, Rose Petroleum, Vast Resources

Featuring shares of Fitbug (FITB), Genel Energy (GENL), Kellan Group (KLN), MTI Wireless Edge (MWE), Nostra Terra Oil & Gas (NTOG), Rose Petroleum (ROSE), Vast Resources (VAST), together with some share price targets.

OMI
OMI

SP Angel Morning Mining Note: Glencore, Aureus Mining, FinnAust Mining, Orosur, Polyus Gold and Vast Resources

John Meyer of SP Angel this morning comments on Glencore (GLEN), Aureus Mining (AUE), FinnAust Mining (FAM), Orosur (OMI), Polyus Gold (PGIL) and Vast Resources (VAST) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

Vast Resources, hits key Romanian milestone

Vast Resources (VAST), the AIM-quoted mining hopeful with interests in Central Africa and Eastern Europe, has begun blasting at its 1.8 million-tonne Manaila polymetallic mine in Romania. The company, formerly African Consolidated Resources, will seek to take production there towards 10,000 tonnes of ore per month, having passed what chief executive Roy Pitchford hails as ‘a landmark day in the life of Vast’. Having trebled since early this year to a share price of 1.53p, Vast’s shares put a value of £18.3 million on the company, but how much upside is there from here?

SRB
SRB

SP Angel Morning Mining Note: Serabi Gold, Stellar Diamonds, Vast Resources and ZincOx Resources

John Meyer of SP Angel this morning comments on Serbai Gold (SRB), Stellar Diamonds (STEL), Vast Resources (VAST) and ZincOx Resources (ZOX) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

FBT
FBT

Zak Mir's Great Request Show: Forbidden Technologies, Transense Technologies, Vast Resources

If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at shares in Forbidden Technologies (FBT), Transense Technologies (TRT), Vast Resources (VAST) setting share price targets for all three.

Zak Mir's Bulletin Board Heroes - African Potash, Beowulf Mining, CPP Group, Vast Resources, West African Minerals

Featuring African Potash (AFPO), Beowulf Mining (BEM), CPP Group (CPP), Vast Resources (VAST), West African Minerals (WAFM).

GKP
GKP

Zak Mir's Bulletin Board Heroes - Gulf Keystone, Jubilee Platinum, Phorm Corporation, Rare Earth Minerals, Stratmin Global, Vast Resources

Featuring Gulf Keystone (GKP), Jubilee Platinum (JLP), Phorm Corporation (PHRM), Rare Earth Minerals (REM), Stratmin Global (STGR), Vast Resources (VAST)

GKP
GKP

Zak Mir's Bulletin Board Heroes - Gulf Keystone, LGO Energy, Metminco, Northcote Energy, Sirius Petroleum, Vast Resources

Featuring Gulf Keystone (GKP), LGO Energy (LGO), Metminco (MNC), Northcote Energy (NCT), Sirius Petroleum (SRSP),  Vast Resources (VAST)

Romanian expansion for Vast Resources increases speculative appeal

As foreshadowed here last month, geographically diverse Vast Resources (VAST) is adding further to its Romanian interests with an agreement to buy control of the Manaila polymetallic mine in the north of the country. The company, whose Pickstone Peerless gold mine in Zimbabwe is set to restart production next month, is paying a nominal E1 (72p) for 50.1% of Manaila, which holds an estimated 1.8 million tonnes with 1.17% copper, 1.86% zinc and 0.95% zinc according to Russian measurement standards, as well as some low-grade gold and silver, and assuming the debts of its present owner, Simaron Mining.

AAU
AAU

SP Angel Morning Mining Note: Ariana Resources, Caledonia Mining, Medusa Mining, North River Resources and Vast Resources

John Meyer of SP Angel this morning comments on Ariana Resources (AAU), Caledonia Mining (CMCL), Medusa Mining (MML), North River Resources (NRRP) and Vast Resources (VAST) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

SXX
SXX

Zak Mir's Bulletin Board Heroes: Ascent Resources, Connemara Mining, Mobile Tornado, Seeing Machines, Sirius Minerals, Vast Resources

Ascent Resources (AST), Connemara Mining (CON), Mobile Tornado (MBT), Seeing Machines (SEE), Sirius Minerals (SXX), Vast Resources (VAST)

SP Angel Morning Mining Note: Avalon Resources, Coal of Africa, North River Resources, West African Minerals, IMIC and Vast Resources

John Meyer of SP Angel this morning comments on Avalon Resources (AVI), Coal of Africa (CZA), North River Resources (NRRP), West African Minerals (WAFM), IMIC (IMIC) and Vast Resources (VAST) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

Zak Mir's Bull Call Of The Day: Vast Resources: Continued Upside To 2p And Beyond

As can be seen on the daily chart of Vast Resources (VAST) since the name change from African Consolidated Minerals, the name change looks to have been a good move, at least from a share price perspective.

GLR
GLR

Zak Mir's Bulletin Board Heroes - Featuring African Potash, Amur Minerals, Amphion Innovations, Galileo Resources, Vast Resources

Featuring African Potash (AFPO), Amur Minerals (AMC), Amphion Innovations (AMP), Galileo Resources (GLR), Vast Resources (VAST)

CCE
CCE

Zak Mir's Bulletin Board Heroes - Featuring Camco Clean Energy, MX Oil, Union Jack Oil, Vast Resources

Featuring Camco Clean Energy (CCE), MX Oil (MXO), Union Jack Oil (UJO), Vast Resources (VAST)

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