Tom Winnifrith Bearcast: Woodford and another £10m down the Proton Partners pan - a new valuation scandal
Published 2 days ago
Avesoro Resources (ASO) is a good example of what can happen to a share where there is a forced seller and generally low liquidity in the trading of the shares.
Published 21 days ago
Richard Jennings is wrong about a good few things. Very wrong. But on certain matters (cats, Greece, donating money to Rogue Bloggers for Woodlarks) he cannot be faulted. And his logic in arguing to sack the board at Argo Blockchain (ARB) is 100% correct. We will be casting FIML votes in favour of the resolution to do so and we urge all others to do the same. Over to the Align Research boss to explain why:
Published 27 days ago
Diamond miners seem to be out of favour at the moment, but many experts are predicting better things to come for the market, with demand increasing and supply falling, especially when it comes to large or rare coloured stones.
Published 33 days ago
If you want exposure to copper and are looking to invest in an earlier stage outfit that is already in production, then your choice of UK listed companies is actually fairly limited. The majority are either still at the exploration/development phase, or are large FTSE listed miners, and in many cases copper is just one of many metals that are being produced, with the odd exception...
Published 39 days ago
I’ve been a fan of Central Asia Metals (CAML) for some time now, and although the share price isn’t much higher currently, I still see it ultimately growing into a bigger company.
Published 44 days ago
Hello, Share Bunnies. To describe Prairie (PDZ) mining as speculative is to err on the mild side. Its prospects of rocketing the share price seem good, except for a dispute now in the hands of the Polish courts. Until the dispute is settled, I suppose anything might happen.
Published 53 days ago
Diamond miners have performed very poorly of late, but that doesn’t mean that trend will continue indefinitely - and now could be a good time to buy with a longer term view. Petra Diamonds (PDL) is definitely one in this sector which has caught my eye lately, and is one of several diamond miners which I have kept an eye on over the years...
Published 57 days ago
Trading in the shares of Cadence Minerals (KDNC) was incredibly volatile last week following two announcements by a company in which it holds an equity position.
Published 64 days ago
Gold, silver and copper are all metals that I am bullish on at the moment, so Azerbaijani miner Anglo Asian Mining (AAZ) fits the bill perfectly in covering all three of those.
Published 71 days ago
I believe a good buying opportunity is currently presenting itself in the shares of Avesoro Resources (ASO) and although it may go lower in the short term, I can see decent risk versus reward here for at least a medium term trade.
Published 81 days ago
The market has been slaughtering even the larger companies over any sort of disappointing results recently, but for me that further strengthens the argument to buy shares in Centamin (CEY).
Published 88 days ago
I’m always very wary of investing in small mining companies, as even when the management team and the assets look decent, it is still a bit of a lottery as to whether the company will actually make it to a stage where it is making a profit and returning money to shareholders via dividends.
Published 88 days ago
Hello, Share Tasters. The big miners are often a difficult investment, as a drop in commodity prices can cause catastrophe. Hopefully though, the price of commodities is currently so undervalued that this is unlikely to happen to the horrible extent of a few years ago...
Published 94 days ago
All that Edenville Energy (EDL) seems to have managed to achieve over the years is to burn through cash at a rate of knots whilst failing to deliver anything for shareholders other than a steady and prolonged decrease in the share price. I can remember even back in 2010/11 when this company was being promoted as having huge potential, along with all the other rubbish that you tend to hear spouted about these small AIM resource outfits across the bulletin boards...
Published 103 days ago
Oracle Power (ORCP) seems to have become popular all of a sudden and has seen its share price rise by around 80% in the past week, but as usual some on the bulletin boards seem to be claiming that it should actually be worth many multiples of its current valuation.
Published 105 days ago
Investors in GCM Resources (GCM) seem to be shocked that recent news hasn’t caused the share price to rise much higher, and barring a very brief spike immediately after news of a deal landed, it has settled back to around the level that it was trading at before the RNS dropped. The news that has got everyone invested in this Bangladeshi coal miner so excited is a joint venture agreement with a huge government owned entity called PowerChina, which is involved in coal fired power plants and is a name that some will be familiar with as it also has similar deals in place with other small mining companies in various parts of Africa as well...
Published 109 days ago
Often when I look at companies at the lower end of AIM I am left struggling to see why on earth anyone is buying it at the current share price.
Published 118 days ago
After a strong performance during the first half of 2018, copper has been weak and is currently trading at close to its lowest levels since mid-2017. Having hit peaks of more than $7,200/t last June it is now around the $6,000/t area, and although an improvement on the $5,800/t level it started the year at, I would hardly call this slight resurgence a proper bounce just yet. But I do think that is going to come as the metal is too important to stay at these levels for long, especially in light of the fact that many analysts are forecasting a supply deficit in the coming years due to the increasing use of the metal – as I’ve mentioned in the past, electric vehicles will be a factor and use far more wiring than the cars that are currently in common use...
Published 140 days ago
Asiamet Resources (ARS) is one that I have been wrong about in the past, as I wasn’t expecting the share price to drop as low as it has done, but that has been part of a more general trend amongst the AIM resource stocks that aren’t currently generating any revenue.
Published 143 days ago
Gold has been showing signs of strength of late and moving forwards into 2019 I would definitely be looking to have some in your portfolio, with an equity position in a gold producer being the best option.
Published 183 days ago
When investing in a company long term it is all about getting in at a good price, rather than having to buy right at the bottom of any temporary dips along the way, as long as things go to plan for the business.
Published 189 days ago
A lot of AIM investors seem to view main market larger companies as being boring as you aren’t ever likely to multiply your capital overnight, but conversely it is unlikely that you will ever lose the lot either. By ignoring the larger companies, especially in the mining and oil sectors, you are potentially missing out on some very good gains, and with relatively low risk to your capital as these businesses tend to be so well diversified that any single event is unlikely to cause a complete share price collapse.
Published 193 days ago
On the face of it I can see why some investors have been drawn to Cradle Arc (CRA), as it is actually producing copper and has a market cap of just £2.5 million, but there could well be good reason for its shares appearing to be cheap.
Published 196 days ago
Centamin (CEY) has had a bad run of form of late, but I believe that this is just a temporary blip in its fortunes and it presents a fantastic buying opportunity for the future.
Published 209 days ago
A few weeks ago I covered the fact that Bellzone Mining (BZM) looked to be in serious trouble, and following recent developments it looks in an even worse state now. This share has been a recent favourite of the pump and dump crews, as the uncertainty over its future has caused the share price to be incredibly volatile and no doubt some will have made money from these daily fluctuations. But what really amazes me is that so many PIs seem willing to buy into a share which already had a very high chance of failure, and even more so now.
Published 228 days ago
It never ceases to amaze me how much of a gamble some PIs will take with their money, even when the company itself has warned that it is in real trouble and it is almost impossible to see a way out of a bad situation which would result in a higher share price.
Published 234 days ago
Back in June I wrote a piece suggesting that Jangada Mines (JAN) would raise further funds at a significant discount, and at the time I was shot down by many, including some market commentators.
Published 237 days ago
If AIM gave out awards for achieving little and issuing billions of shares, then Tanzanian coal miner Edenville Energy (EDL) would be high up the list to receive one!
Published 245 days ago
Spanish copper miner Atalya Mining (ATYM) has seen its share price drop back recently, but then the situation has been similar on most producers in this sector and has come as a result of weakness in the commodity price rather than anything company specific.
Published 265 days ago
Silver has performed very badly in recent months and has hit the lowest levels that we have seen since the start of 2016, but there are plenty of reasons why you should have some exposure to the metal in your portfolio.
Published 266 days ago
When you find a resources company that has plenty of growth potential and you like both the fundamentals and the management team behind it, then it often makes sense to build up a long term position in it over a period of time.
Published 268 days ago
It’s been a tough few months for the mining sector in 2018, with the All Share Mining Index down over 10% since the beginning of the year and mining shares hitting a two-year low last week. Precious metal miners in particular have suffered a rough summer; the price of gold now sits at $1,196, down from $1304 on 1st January, while Holders of some of the larger companies in this sector – such as Fresnillo (FRES), Centamin (CEY) and Hochschild (HOC) – will have seen the losses of over 30%. It’s not all doom and gloom in the sector though: success stories can be found amongst the small-caps, with Gem Diamonds (+57% in 2018) and Atalaya Mining (+26.1%) heading the list of miners that have provided strong returns so far.
Published 281 days ago
When a sector is showing weakness it can be tempting to sell up and move into something else, but often if you are in for the longer term then this is actually the time to be adding to your investment.
Published 317 days ago
Hello Share Twiddlers. Despite the worries of an uncertain world, economically speaking, there have been some jolly signs recently that share prices could move ahead. I know there are warning signals out there to counter any undue optimism, but they don’t seem to be having an effect, do they?
Published 326 days ago
It often pays to be wary of companies that haven’t lived up to expectations in the past, but there are exceptions to that if the company fundamentally changes, especially if conditions in the market in which it operates also improves at the same time.
Published 330 days ago
The longer you follow the lower end of the AIM market, the more you realise that big share price movements are often more a result of a concerted pump than related to actual news that has been released.
Published 345 days ago
Central Asia Metals (CAML) has been a favourite of mine for some time now and with this company I think it is very much a case of letting your winners run, as I can still see plenty of upside in the coming months and years.
Published 350 days ago
Centamin (CEY) has taken a big hit to its share price over the past week or so and has seen getting on for £400 million wiped off of the value of the company.
Published 351 days ago
When news came on Friday that trading in the shares of Weatherly International (WTI) had been suspended and that the company was being placed into administration, unfortunately it didn’t really come as much surprise to me.
Published 380 days ago
Chaired by Brian Kinane of Riverfort this was a real clash of ideas and featured Dominic Frisby, Paul Atherley of Berkeley (BKY), Richard Poulden of Wishbone (WSBN), Peter Bird of Asiamet (ARS) and - making a very welcome return - Amanda Van Dyke, now a fund manager.
Published 400 days ago
West African gold miner Avesoro Resources (ASO) hadn’t been performing as well as investors had hoped since it started production, but things finally seem to all be coming together now.
Published 415 days ago
Berkeley Energia (BKY) was once one of the more popular shares on AIM, and there was plenty of interest as its share price rose steadily on speculation.
Published 417 days ago
Given what is going on in the markets and world in general at the moment, it would seem silly not to have gold featuring somewhere in your portfolio.
Published 427 days ago
One of ShareProphets regular readers, Wildrides, has asked me to take a look at Weatherly International (WTI), and as I do follow the mining sector quite closely, I am happy to give my thoughts on the company.
Published 433 days ago
Generally, I’m wary of the reasons for companies which are already listed on other exchanges deciding that they want to be dual-listed on the AIM market. This is especially the case when it comes to ASX companies operating in the natural resources sector, as in general the track record for those hasn’t been great, with often very little of substance being achieved despite large sums being raised on AIM. There are exceptions though...
Published 434 days ago
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.
Published 463 days ago
Lithium has been all the rage amongst AIM investors over the past few years, but the reality is that many of the projects which people have been getting excited about will fail to ever actually produce anything.
Published 463 days ago
It isn’t often that I look at shares in a FTSE100 company and can easily see a very high chance of a 25% or more gain in share price over the coming months.
Published 486 days ago
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.
Published 489 days ago
Investors who believed all the hype surrounding Greatland Gold (GGP) received a nasty shock this week when the share price collapsed, but for many of us who have been around the market for a while it didn’t really come as much of a surprise.
Published 494 days ago
I can see why holders of Tri-Star Resources (TSTR) would be less than impressed with the recent open offer, especially given the huge discount to the share price prior to that. This isn’t a company which I have really followed closely in the past, but the recent large fundraising at a 92% discount to the previous share price, and subsequent approval at the general meeting this week, got my attention.
Published 495 days ago
After his (belated) return to his desk Andrew Monk of VSA Resources has sent out another big report today to those lucky enough to be on his private email list. This time it is mining stocks. Over to the Monkey...
Published 498 days ago
There was a time when Premier African Minerals (PREM) looked to have genuine potential, but in the few years since then it has consistently disappointed investors and is now trading at a fraction of the share price it once hit.
Published 508 days ago
Sometimes investing takes a lot of patience, but if you are in at a fairly early stage and are prepared to hold long term, then you can reap the rewards whilst others are left wondering why they never bought any shares whilst the price was still relatively cheap.
Published 516 days ago
I have been a big fan of Horizonte Minerals (HZM) for some time now, and am even more so following an acquisition announcement. The market didn’t take the news that this AIM listed mining company, with operations in Brazil, had acquired a further nickel-cobalt project particularly well - the shares down by over 6% to 4p on the ask, but I suspect that was largely as a result of an issue of equity coming at the same time, rather than a reflection of what people think of the newly acquired Vermelho project, which Horizonte now owns 100% of.
Published 517 days ago
Sula Iron and Gold (SULA) has been a massive disappointment to investors in recent years, like so many other junior miners on the AIM market. It is also following a similar path to many others before it, in that it is on the verge of changing its name, as well as focussing the business in a different direction, but still within the mining sector.
Published 529 days ago
Gold has been very difficult to read lately, with a lot of the swings making very little sense in the context of the events that have been driving them.
Published 531 days ago
No matter how long you have been around the AIM market, there are often moves which seem to make little or no sense, especially amongst the smaller companies.
Published 536 days ago
Twitter and the bulletin boards were awash with people saying how great the Blenheim Natural Resources (BNR) news was this morning, but having had a good read myself I think they may have been over-egging it somewhat!
Published 582 days ago
Nickel prices have performed strongly in recent months and are currently up around 30% from the lows which they hit during the early part of the summer.
Published 589 days ago
I’ve been following the Greatland Gold (GGP) story with interest, but have to admit that I remain very sceptical at this stage, especially given the rise in share price that the company has enjoyed recently.
Published 590 days ago
The hardest thing for many of the smaller miners is actually making it to the production stage, and there are many that never get that far.
Published 591 days ago
Regular readers here will know that I’ve not exactly been a big fan of Ferrum Crescent (FCR), but there could now be a slight glimmer of hope for anyone trapped in this serial underperformer.
Published 635 days ago
With I having questioned in March 2:15pm ‘Interim Management Statement’ a cause for alarm?, mechanical and refractory engineering company Goodwin (GDWN) has now announced results for its year ended 30th April 2017…
Published 645 days ago
Kaz Minerals (KAZ) is a great example of the extent that commodity prices can effect larger miners, and the recovery in copper prices has seen the share price trading at multiples of where it was just 18 months ago.
Published 658 days ago
Sylvania Platinum (SLP) is a company which I’ve followed for quite some time and hold shares in myself - and I view today’s unexpected acquisition news as being positive for the company moving forwards.
Published 659 days ago
Copper prices have remained volatile but continue to push higher, and if this continues it will be a very bullish signal for both producers and those looking to bring new projects online.
Published 668 days ago
On the AIM market these days it seems as though many would far rather buy into the latest pump and dump on a piece of junk, than invest in a company that is actually running its business properly and making money. The problem with putting your money into junk is that at some point true value normally shines through and the resultant share price crashes can be spectacular.
Published 683 days ago
Silver has been incredibly volatile this year with large swings, but it is now back at a level where I can see a good chance of a bounce coming, and that in turn offers upside on producers of the precious metal.
Published 704 days ago
Shares in Jubilee Platinum (JLP) have taken a bit of a battering in recent months, but I can still see plenty of upside here on any sort of positive reversal in platinum prices, and it is also worth remembering that other platinum group metals have been more robust.
Published 729 days ago
Vedanta Resources (VED) was one of my best performing shares during 2016, and after a significant pullback in the share price in recent months it is well worth considering buying back in at current levels.
Published 734 days ago
Lonmin (LMI) is a company that I have followed closely for several years, but after the latest updates this week, and with platinum still looking weak, I wouldn’t be in any rush to buy.
Published 742 days ago
I have been a fan of Randgold Resources (RRS) for a long time and the latest update from the company continues to support my bullish view here.
Published 746 days ago
I recently wrote a piece HERE expressing my surprise that the share price of Ariana Resources (AAU) had failed to react positively to good news, so it probably shouldn’t have come as a surprise that a decent update on its resource actually resulted in the share price closing slightly lower.
Published 753 days ago
I’ve been a fan of Sylvania Platinum (SLP) since early last year and during that time the share price has doubled, and the latest operations update has certainly done nothing to alter my view of the company.
Published 754 days ago
Given that the company is now producing gold, I’ve been somewhat surprised by the lacklustre response that the market has given Ariana Resources (AAU) since that news came.
Published 759 days ago
In this video from the storming success that was the 2017 UK Investor Show, Peter Hambro of Petropavlovsk (POG), Tony Manini of Asiamet Resources (ARS), Ross Norman of Sharps Pixley, Paul Atherley of Berkeley Energia (BKY), Dominic Frisby and Brian Kinane of Riverfort Global Capital discuss making money from gold and mining shares. And make sure that you keep April 21 2018 free for next year's UK Investor Show.
Published 771 days ago
This podcast from Palisade follows E.B. Tucker recently attending a conference promoting the housing market, where there seemed to be a lot of interest and several big name speakers. He thinks this is an indication of where we are, as the housing market is cyclical the time to buy real estate was several years ago. Returns in real estate are likely to be remain low. If you're interested you could look at regions with growth, like Brazil where they have better demographics.
Published 773 days ago
URU Metals (URU) seems to have this RNS lark cracked – if the market hates the first one that you issue, then just word it slightly differently and release news about the same project again the following day. You really couldn’t make it up!
Published 775 days ago
A few weeks back I wrote a piece here suggesting that Central Asia Metals (CAML) was one of the best value mining shares around, and following the release of its final results I believe that to be even more the case now.
Published 776 days ago
Hello Share Tasters. At the big UK Investor Show, just gone, I confided on the stage that I’d invested in Sula (SULA), a gold and iron company, because I read a piece from Uncle Tom on this tremendous website. This quoted another expert who felt that Sula was a possible ten-bagger in the making.
Published 806 days ago
2017 will be a lucrative year, as we have seen the bottoming of the bear market. Uranium appears to have reached it’s bottom in early December. We are in the beginning of a new uranium bull market which should last for three to four years. The agriculture minerals are under-invested and phosphates may be a straight forward play. And gold shares will also have a run.
Published 806 days ago
Lonmin PLC (LMI) was one of my best performing share tips during 2016, and following the recent pullback I think it is well worth another look.
Published 814 days ago
In a recent interview with Maurice Jackson, Rick Rule orf the world's largest resource investor, Sprott, explained that out of the roughly 250,000 to 300,000 people involved in mining exploration, the majority will never be involved in the discovery of a single mine. This despite spending most of their life at it—an incredible fact.
Published 823 days ago
Hello Share Trimmers. Though I usually research stocks very carefully, I am one of those idiots that, once in a blue moon, invests in a company I know little about. You get a gut feeling sometimes and somehow don’t want to spoil it by too detailed an examination. One such share for me is Sula (SULA), the gold and iron miner. I saw a glowing piece on this magnificent website not so long back on this stock.
Published 871 days ago
Valuing small resource companies can be difficult, and often they will appear to be far cheaper than they really are. The bulletin boards, Twitter, etc are full of people extolling the virtues of the companies that they are invested in and pointing out that they should be worth far more than what the share price currently reflects.
Published 888 days ago
In the mining sector, there is an old adage that is often invoked at the beginning of a new bull market – “producers will move before explorers and developers.” It might make intuitive sense, but the adage rings false claims Palisade Capital in its latest research. Over to the broker...
Published 895 days ago
When a small mining company sees its market cap increase by over £66 million in the space of a month without any corresponding news to support such a rise, you have to wonder at the sanity of private investors who are still piling into the share.
Published 914 days ago
As many experts continue to get it wrong on a regular basis, it is very hard to predict where commodity prices could go in the next few years, but I can see upside for nickel miners.
Published 914 days ago
Hello Share Twiddlers. I’ve not looked at the giant miner Anglo American (AAL) for some years now. In general, mining companies have not inspired optimists like me over the last few years. The carnage has been terrible. But I’m getting the feeling that all the over-selling has come to an end now, to be replaced by the opposite activity.
Published 915 days ago
Hello Share Splodgers. My last modest piece reflected the view of smarter investor Wildrides that two copper miners might be worth a look. He bases that view on the rising price of copper which had been depressed for a long time.
Published 916 days ago
Hello Share Jumpers. When I suggested we take another look at the four British banks this week, I got a rather predictable comment from one of Shareprophets' most entertaining members, Wild Rides. You may have discovered from some of his other posts that Wilders dislikes the UK banks after burning his fingers on Lloyds Group (LLOY).
Published 941 days ago
He has just published a novel, “Speculator- High Ground”, which he is plugging hard but mining guru Doug Casey also has a few things to say about the mining sector which may surprise you. Notwithstanding the fact that up to 95% of mining companies have nothing to mine, Doug is mega bullish.
Published 946 days ago
Many AIM companies look vastly overvalued and are largely reliant on sentiment revolving around the future development of assets in the ground to support their market cap.
Published 949 days ago
It never ceases to amaze me how small AIM companies can sometimes continue to see large share price rises, even once the company has put out a statement saying that it knows of no reason for the recent rise!
Published 957 days ago
I have been very pleased with the way that Glencore (GLEN) has performed since I covered it here a few months back, but I now feel that it is time to cash in, at least for the time being.
Published 973 days ago
Sirius Minerals (SXX) has made good progress with its polyhalite fertiliser project so far and ultimately it will also be of benefit to the UK economy, but I struggle to see the share price going much higher in the shorter term.
Published 982 days ago
Following the example set by Paul Warwick the chairman of worthless penny stock Andalas (ADL) in starting a blog, Sir Benjamin Dover of AIM listed Global Mining Endeavours has decided to follow suit and like Paul promises to be Candid in his approach. Blog number twelve....
Published 990 days ago
When it comes to small AIM companies the appointment of a new broker can often be an indication that dilution is on the way, and I have to wonder if that is the case with Alexander Mining (AXM).
Published 994 days ago
The market got rather excited last week about news of a licence agreement for Alexander Mining (AXM), but when you take a closer look it is hard to see why!
Published 998 days ago
For some reason Arian Silver (AGQ) seems to be a favourite with PIs, but it seems to be just another AIM resource company that has achieved very little during its life and looks to be on its last legs!
Published 1000 days ago
Orosur Mining (OMI) is one of the higher-quality gold plays on the market. It operates the only gold-producing mine in Uruguay, where it has controlled costs and produced some excellent results in recent years. But this morning brings news that an NED has almost halved his stake, which reminds me of the bear case here.
Published 1007 days ago
Centamin (CEY) has proved a great example that it is possible to buy shares based on them being fundamentally too cheap, and then hold until the company recovers and you can reap the rewards.
Published 1024 days ago
Eurasia Mining (EUA) has been a favourite of mine for a couple of years now and it looks as though the long wait is finally about to come to fruition as production gets underway and that will send the share price zooming ahead.
Published 1032 days ago
I really don't take any notice at all of most (no make that nearly all) resaerch from Beaufort Securities but its mining analyst Sheldon Modeland is a sensible fellow and thus I bring you his latest note on Alecto Minerals (ALO).
Published 1048 days ago
When you invest and trade based on value as you see it at the time, that can quickly change, and even with companies that you have a lot of faith in there can come a time when they can start to look expensive.
Published 1050 days ago
Having sold on the Nifty Fifty subscription site last year at above 100p, the following updates on Plastics Capital (PLA) with the shares currently at 93p following results for its year ended 31st March 2016…
Published 1051 days ago
Alexander Mining (AXM) seems to be popular amongst PIs at the moment, but I wonder how much of that actually relates to the performance of the company rather than being linked to the recent placing and warrants!
Published 1068 days ago
A couple of months ago I covered Glencore (GLEN) as a short, but I now think it is time to consider closing and looking to go long on the shares, especially on any dips.
Published 1070 days ago
Hello Share Swipers. BHP Billiton (BLT) is a famous mining and oil producing company. It provides us with iron ore, copper, diamonds, aluminium, the ebony nectar and natural gas. I can imagine in my mind's eye many of you are now heading for the door. But hang on a bit. Not only is the oil price rising, but this company has been held down by issues which may have been overdone.
Published 1074 days ago
Having emphasised caution on shares in provider of data, studies and services to the oil, gas and mining exploration sectors, Getech (GTC) at 37.5p HERE, the following updates with them currently a further couple of percent lower, at 26p, on the back of a “Trading Update” with regard to the company’s year to end July 2016…
Published 1098 days ago
The afternoon at UK investor Show kicked off with the mining session chaired by Amanda van Dyke. Gold was the main focus and on stage with Amanda were Dominic Frisby, John McGloin of Amara (AMA), Peter Hambro of Petropavlovsk (POG), Tony Manini of Asiamet (ARS) and Ross Norman, the very sharp boss of bullion dealer Sharps Pixley
Published 1102 days ago
Okay this game is really simple. Pictured below are four players well known to the AIM casino resources game. All you have to do is name the four and match how much they are personally thought to have made from listed Africa plays. Sadly investors in their companies are not eligible to play "who wants to be a millionaire" as they have largely done their conkers. Anyhow, over to you dear readers.
Published 1113 days ago
The sale of AIM & TSX listed Uramin to France's Areva is shaping up to be the biggest scandal in the world of mining since Bre-X. It has almost brought down Areva and in France the husband of the head of Areva has already had his collar felt within the past few weeks for insider dealing and money laundering. Our source at the heart of the investigation indicate other arrests are imminent. And the scandal is also threatening to bounce back to the AIM casino.
Published 1132 days ago
I really hate backing IPOs. Many companies just struggle to adjust to life as a public company, it is like those cricketers who are great at proper cricket but just can't make the adjustment to the pyjama game. Whatever. We have had a small exposure (well not that small actually) today in Bluebird Merchant Ventures (BMV) - Bluebird Mining as was - which is the first mining stock to make it to the London market in eight months.
Published 1133 days ago
Tricorn (TCN), which describes itself as a “manufacturer and specialist manipulator of pipe and tubing assemblies to niche markets worldwide in the Energy and Transportation sectors”, has released a “Trading Statement” including that revenue “is lower than anticipated at the time of the group's interim results announcement released on December 2nd 2015 and reflects further slowing in demand from key markets, particularly within the Energy division”. Hmmm…
Published 1148 days ago
Like shares in many larger miners Glencore (GLEN) has enjoyed something of a recovery in recent months, and at times has been trading as high as 150% or so above the lows of 66p that it hit back in September.
Published 1150 days ago
Thom Calandra invests along side his audience and subscribers largely in natural resource companies. Blue chip stocks are overpriced in Thom’s opinion and the sector where true value can still be found is in mining and energy stocks. The recent small rebound has renewed interest and increased appetite for risk, but will it continue?
Published 1153 days ago
KAZ Minerals (KAZ) has made a fantastic comeback in recent months, but has now reached a level where I think that the risk versus reward has swung in the other direction, and I’d be more inclined to be selling the shares rather than looking to buy.
Published 1155 days ago
Bluebird Merchant Ventures is set to list on the Standard List of the main market this week. We have a few shares in this company, let us be upfront about that. The CEO of Bluebird is Charles Barclay and I asked him a few questions ahead of the IPO
Published 1185 days ago
Hello Share Swingers. A little miner called Tertiary Minerals (TYM) has graced my modest blog on Shareprophets before now. In the past, it’s been a big winner for me.
Published 1195 days ago
Having followed an August update that “market conditions in the year ahead will remain challenging but, based on the existing contracts and continued client interest, the directors remain optimistic for the future” with a November warning that “there remains considerable uncertainty about the state of the market and… accordingly we believe the year ahead will be trading substantially below current market expectations”, Getech Group (GTC) has now announced that “Raymond Wolfson is stepping down as Chief Executive Officer and director of the company with effect from no later than 31 July 2016”…
Published 1240 days ago
There are number of reasons why Rare Earth Minerals (REM) is a slam dunk sell. So many that it is hard to know where to begin. But we might as well start with the macro scene and a very important article that appeared on this website a few minutes ago.
Published 1273 days ago
John Meyer of SP Angel this morning comments on Anglo Asian Mining (AAZ), Amara Mining (AMA), Minera IRL (MIRL), Premier African Minerals (PREM), SolGold (SOLG) and Stellar Diamonds (STEL) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Published 1291 days ago
Stand by for the proposed AIM re-float of Cambridge Mineral Resources, the mining hopeful once headed by colourful entrepreneur David Bramhill, former leading light of Nighthawk Energy and Wessex Exploration. Cambridge, which had dabbled in gold projects from Bulgaria to Colombia before bowing out of AIM in 2009 at a fraction of its original 16p float price, will seek between £1 million and £4 million in an AIM re-launch in the first quarter of 2016, to develop the large-scale Masa Valverde zinc, copper and gold project in southern Spain’s Andalucia region, says chief executive officer Mark Slater.
Published 1300 days ago
John Meyer of SP Angel this morning comments on Antofagasta (ANTO), Minera (MIRL), Noricum Gold (NMG), Northcote Energy (NTC), Petra Diamonds (PDL) & Wolfe Minerals (WLFE) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Published 1306 days ago
Spain-focused uranium play Berkeley Energy (BKY) says it expects to start site work in mid-2016 at its key Salamanca project in west-central Spain following official approvals from the country’s Ministry of Industry, Energy and Tourism, the European Union and various, national, regional and provincial authorities. Listed on AIM and Down Under, the company’s shares have nearly doubled since midsummer to 20.75p, as investigation of the project continues to show encouraging volumes and grades, at a time when new nuclear power projects, which need uranium, are under active discussion in the United Kingdom and around the world.
Published 1309 days ago
John Meyer of SP Angel this morning comments on Galileo Resources (GLR), Griffin Mining (GFM), Kefi Minerals (KEFI) and Richland Resources (RLD) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Published 1316 days ago
John Meyer of SP Angel this morning comments on Glencore (GLEN), Avalon Minerals (AVI), Caledonia Mining (CMCL), Savannah Resources (SAV) and Solgold (SOLG) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Published 1319 days ago
John Meyer of SP Angel this morning comments on Glencore (GLEN), Botswana Diamonds (BOD), Golden Saint Resources (GSR) and Vedanta (VED) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Published 1321 days ago
John Meyer of SP Angel this morning comments on Glencore (GLEN), Firestone Diamonds (FDI), Berkeley Energy (BKY), Gemfields (GEM), Medusa Mining (MML), Noricum Gold (NMG), Paragon Diamonds (PRG), Scotgold (SGZ)and Tertiary Minerals (TYM) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Published 1322 days ago
John Meyer of SP Angel this morning comments on Alba Minerals, (ALBA), Firestone Diamonds (FDI) and Mariana Resources (MARL) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Published 1323 days ago
John Meyer of SP Angel this morning comments on Central Asia Metals (CAML), Glencore (GLEN), Kefi (KEFI) and Gemfields (GEM) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Published 1326 days ago
John Meyer of SP Angel this morning comments on Aquarius Platinum (AQP) and Paragon Diamonds (PRG) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Published 1328 days ago
Mining shares are at a nasty low at the mo because the Chinese are not buying as many raw materials as they used to. Their GDP has been slowing down just as their shares have tumbled on the Chinese stock exchange.
Published 1329 days ago
Shares in Xtract Resources (XTR) have fallen 20% to 0.24p today on the company’s disappointing interim results. Xtract has been one of the most hyped stocks of 2015, rising from a low of 0.07p to a high of 0.45p on 1 June. Following the inevitable pullback in advance of 29 June’s placement, the share price settled in a range of 0f 0.215p to 0.3p, only to start rallying again last week. Cynics might wonder whether this was a pre-results pump ahead of today’s dump. Certainly anyone who bought in at yesterday’s high of 0.324p is now nursing a hefty loss, within half a trading session. The question now is can Xtract regain its momentum?
Published 1330 days ago
Out-of-favour nickel hopeful Horizonte Minerals (HZM) has agreed to buy financially-strapped mining giant Glencore’s Araguia nickel project in north-central Brazil, near to its own Araguia venture, in a deal which chief executive officer Jeremy Martin says will create a combined operation able to produce 3,000 tonnes a year at a grade of 2% for the first 10 years. Backed by Canadian mining heavweight Teck Resources with a 38% stake, Horizonte, whose shares at 1.65p have fallen from 2006’s AIM float price of30p and a 12-month high of 5.12p, has agreed to pay $8 million (£5.3 million) in stages for the Glencore Araguia Project (GAP) in Brazil’s Para State.
Published 1332 days ago
After cutting interim losses 30% to $4.1 million (£2.7 million), AIM dog Anglo Asian Mining (AAZ) expects to return to profits thanks to a new $4.5 million flotation plant now being commissioned to hoist recoveries and copper output from the company’s flagship open-pit Gedabek gold and copper mine in the Caucasian republic of Azerbaijan. At 6.13p, shares in the company, which increased gold production from Gedabek 33% to 35,938 oz. in the six months to June with copper concentrate production 6% ahead to 689 dry metric tonnes, have fallen 92% since its 77p AIM float 10 years ago, but directors now insist Anglo Asian has begun a new chapter.
Published 1334 days ago
It has been a torrid time of late for mining companies in light of low commodity prices, and even the largest ones have struggled. A number of commodities have been showing signs of bottoming out or even having a bit of a bounce though, and with some of these big companies close to their lowest levels since the 2008 crash, I can see good value in some of them. Top of that list would be BHP Billiton (BLT), which is a company that I have covered before at higher levels and still see as a good longterm buy, even more so at the current share price of around 1041p.
Published 1338 days ago
Investment Case: Sector: “Mining”. Therefore, it is not a surprise that, having been above 100p just over 4½ years ago and 30p 2½ years ago, shares in what was Berkeley Resources, now Berkeley Energy (BKY), traded down towards 11p earlier this year. However, the last few months have seen a recovery to a current 21p offer price
Published 1354 days ago
What has happened to the IPO of Lenigas Cuba? Only asking. Meanwhile I wonder what percentage of the 100 oil companies on the AIM casino will still be on the casino and engaged in oil by April 1 2016? I suggest three routes by which they will exit stage left and hazard a guess. I reckon it will be 82 left. And I discuss denial in oil versus mining and why I am almost tempted by mining stocks again.
Published 1361 days ago
John Meyer of SP Angel this morning comments on Bacanora Minerals (BCN), Beowulf (BEM) & Nord Gold (NORD) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Published 1416 days ago
There is always a fair amount of geo-political risk for any mining operation in Africa, and even more so for smaller companies. Any investment in companies operating in this region isn’t one for the risk-averse amongst you, but some of them do have the potential for high returns – although there are also plenty that look better on paper than they are in reality! One Africa-focused miner, which is listed on AIM, that caught my eye recently is Premier African Minerals (PREM).
Published 1423 days ago
South America-focused gold producer Orosur Mining (OMI) has received the first $850,000 (£566,000) funding tranche from Chilean investment bank Asset Chile in a three-stage $3.5 million earn-in package to explore and develop the Anillo gold prospect in northern Chile. Based in the Uruguayan capital of Montevideo and quoted on AIM and in Toronto, Orosur whose shares have fallen from a 17.25p 12-month high to 9.13p now, sees Anillo as a potential ‘company maker’, though ‘high-risk’, says chief executive officer Ignacio Salazar, partly because of its proximity and likely similarity to Canadian group Yamana Gold’s El Penon mine in the same area, which holds an estimated 2.7 million oz. of gold and 48 million oz. of silver.
Published 1438 days ago
Encouraging news this morning from African Potash (AFPO) has been greeted with a collective shrug of the shoulders from a sceptical market. As part of its planned strategy for expansion, African Potash has entered into commercial discussions with an agency of the Common Market for Eastern and Southern Africa (COMESA). COMESA is a free trade union for twenty African Member states and, if fruitful, African Potash’s discussions could lead to the development of a clearly defined sales channel for its potash-based fertiliser products across that continent.
Published 1438 days ago
Junior resources investment outfit Metal Tiger (MTR) is savouring encouraging drilling and assay results from its Logosan tungsten and gold joint venture in Extremadura, western Spain, as exploration starts across the globe in East Africa at the company’s Morogoro gold joint venture in Tanzania. AIM-quoted Metal Tiger, whose chairman is geologist and Aussie mining sector player Terry Grammer, says the work at Logosan, with 47 holes drilled and assays for 26 of them so far, indicates ‘significant tungsten mineralisation’ over a 410-metre strike length, citing one hole showing 0.32% W03 tungsten trioxide over eight metres and 0.49% W03 over two metres and another showing 0.63% W03 over two metres.
Published 1440 days ago
Expansive and newly popular Xtract Resources (XTR) is poised to make another acquisition, this time of an as yet unnamed South African gold producer capable of delivering 60,000 oz. to 100,000 oz. a year, according to chief executive officer Jan Nelson. Shares in Xtract, highlighted here in April at 0.25p, have bounced from a barely-visible 12-month low of 0.07p to 0.41p, as the company has increased potential resources in and around its three-year Chepica copper and gold project in Chile, and Nelson, ex-boss of Pan African Resources, declares the proposed acquisition, which would involve issuing shares, could ‘seriously transform’ the IM-quoted company’, now valued at £26.25 million.
Published 1441 days ago
Shares in longstanding AIM loser Armadale Capital (ACP) have bounced following its heads of agreement with Belgian-owned Congolese group Africa Mining Contracting Services. This ‘introduces’ $20 million (£13 million) of debt to take Armadale’s Mpokoto gold and copper project in the Democratic Republic of Congo’s mineral-rich Katanga province into production next year. Floated nine years ago at 10p as mine drainage specialist Watermark Global, the company has lately seen its shares treble from a bombed-out 0.2p to 0.6p, twice the price of its £270,000 fund raising in March, on the hope that Mpokoto can start producing gold from the first half of 2016 at an annual rate of 25,000 oz. at an ‘all-in’ cost of $720 an ounce, against a present lacklustre gold price of $1,174.80c.
Published 1476 days ago
Like so many mining companies on AIM, Charaat Gold (CGH) has failed to live up to expectations so far, but that could soon change. The company owns the Tulkabash mine, in the Kyrgyz Republic, and is currently awaiting news on the full Definitive Feasibility Study, due any time now, and from what it has so far released, it looks very interesting.
Published 1487 days ago
Once again this main stage panel at UK Investor Show 2015 was chaired by scruffbum Ben Turney. On the panel were Amanda Van Dyke, John McGloin of Amara Mining, Andrew Bell of Red Rock Resources and Richard Poulden of Wishbone Gold.
Published 1516 days ago
We quite like SP Angel when it comes to research as lead analyst John Meyer is an honest chappie, who produces detailed work and can be critical when needs be. Today's detailed note covers the big stories of the day including Dalridian, Metminco and Sierra Rutile and a detailed macro view on the news that is shaping global mining and the AIM mining pond. We have now agreed to carry the SP Angel note every working day going forward.
Published 1519 days ago
We quite like SP Angel when it comes to research as lead analyst John Meyer is an honest chappie, who produces detailed work and can be critical when needs be. Today's detailed note covers Centamin, Conroy and Thor as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. We have now agreed to carry the SP Angel note every working day going forward.
Published 1549 days ago
Doug Ware has talked of making Worthington (WRN) the new Hanson, an international conglomerate and a key division of this is its Mining Operation. Sadly the truth about this operation is that it is a total joke as I shall now demonstrate.
Published 1552 days ago
At 5.43pm (no-one-is-watching o’clock) AIM Cesspit listed Frontier Mining (FML) issued this RNS proposing the final shafting of its shareholders. Not only will Frontier delist from AIM, but also from the Kazakh Stock Exchange. Anyone unfortunate enough still to hold this turgid stock will be trapped and their investments essentially become worthless. But at least some fortunate City fellows got out in time! Yes, Frontier plummeted 28% during Tuesday’s session, prior to the announcement. Surely it could not be possible that word got out ahead of the RNS, could it….
Published 1579 days ago
Hello Share Twisters. I opined a few weeks ago that the best course, given the disastrous fall of oil and mining companies, is to focus on firms which don't sell the black stuff or minerals.
Published 1583 days ago
We start today with another excerpt from The 49 Golden Rules of Making Money from Oil, Gas & Mining sharesby myself, Tom Winnifrith, and the young apprentice Ben Turney. Rules 27 and 28 cover Bulletin Board and paid for research. Actually these rules apply to making money from all shares. To download a free copy of the whole book fill in the form here
Published 1600 days ago
Miners have had a very bad time of late, but that can also lead to some long term bargains like BHP Billiton (BLT) cropping up.
Published 1611 days ago
Today we bring you rules 7 and 8 from The 49 Golden rules of Making Money from Oil, Gas and Mining shares by Tom Winnifrith. To get your free copy of the whole ebook sent to you by Christmas just fill in the form HERE
Published 1620 days ago
The mining goddess, oops I mean guru, was on flying form at the last ShareProphets seminar as she explained how to value mining stocks and whether one should be investing in gold or other metals juniors right now. Amanda will be among the roster of speakers at our Spring seminars which start on Febuary 2, to get priority booking and alerts of them register HERE - the video is below
Published 1625 days ago
Another Sunday and another excerpt from the 49 Golden Rules of Making Money from Oil, Gas & Mining shares by Tom Winnifrith and Ben Turney. You can download a free copy of this excellent book by filling in the form HERE
Published 1632 days ago
Today we bring you an excerpt from the book published earlier this year by Tom Winnifrith and Ben Turney. You can order a free copy of the entire book HERE
Published 1646 days ago
Earlier this year Tom Winnifrith & Ben Turney published an e-book “The 49 Golden Rules of Making Money from Oil, Gas and Mining Shares”. We have another 50 copies of this book to give away as a Christmas treat – simply fill in the form HERE. Meanwhile as a taster, here are rules 5 and 14.
Published 1674 days ago
And now for something a bit different. As you might have guessed I am an Austrian economist – that is to say that I regard the printing of paper money and pointless and wicked. It creates wealth for the few without boosting the economy. It is fair to say that I am not the greatest fan of the Federal Reserve. And as such I heartily recommend this podcast from my colleagues at Palisade Capital with Mr. G. Edward Griffin. Mr. Griffin is the author of the widely popular book, The Creature From Jekyll Island, published in 1994. The topic of the book is The Federal Reserve, and it tells the story of how The Fed was created, for what purpose it was created, and by whom it was created. For all those who believe in sound money…enjoy.
Published 1684 days ago
Tom Winnifrith now has FOUR books all written within the past year on sale on Amazon. Together they cost £29 but you can order all four for FREE today.
Published 1698 days ago
Amara Mining (AMA) has announced further encouraging drilling results from its Yaoure project in Côte d'Ivoire. Most AIM casino listed gold miners are a total waste of space, Amara is a rare quality play.
Published 1714 days ago
Shares in geoscience business specialising in the provision of data, studies and services to the oil, gas and mining exploration sectors, Getech (GTC) currently trade more than 13% higher today, at 64.5p, on the back of an announcement of “its largest ever single new contract, worth $5 million”. I update in the following having last month concluded, at 53p, that the shares looked to have some speculative appeal.
Published 1716 days ago
Following its recent acquisition of a 100% interest in the White Buffalo Prospect from Ward Petroleum located in the Big Horn Basin of Wyoming I caught up with Matt Lofgran, CEO of AIM listed Nostra Terra Oil & Gas (NTOG) for a chat and what he said makes this stock look very interesting.
Published 1725 days ago
Ben Turney & I recently published a new e-book, The 49 Golden Rules of Making Money from Oil, Gas and Mining Shares. You can get a free copy sent to you by filling in the form HERE. But as a taster here are rules thirteen and fourteen.
Published 1726 days ago
Ben Turney & I recently published a new e-book, The 49 Golden Rules of Making Money from Oil, Gas and Mining Shares. You can get a free copy sent to you by filling in the form HERE. But as a taster here are rules eight and ten.
Published 1729 days ago
Myself & Ben Turney recently published a new e-book, The 49 Golden Rules of Making Money from Oil, Gas and Mining Shares. You can get a free copy sent to you by filling in the form HERE. But as a taster here are rules two and seven.
Published 1742 days ago
The management of Bellzone Mining (BZM), a company henceforth known as Bellend Mining, has put its own interests ahead of those of shareholders. It continues to do so. And it is not telling investors everything. Oh No. What follows is more nauseating than Tony Blair explaining how he brought peace to Iraq.
Published 1758 days ago
Sitting next to his newly constructed uber-environmentally eco-loo at his Greek Hovel Tom Winnifrith’s weekly video postcard does NOT mention Quindell (QPP).
Published 1830 days ago
A Chilean retailing dynasty is helping AIM-quoted Serabi Gold (SRB) take two gold projects in northern Brazil into production. The target is to mine 24,000oz of gold this year and between 40,000oz and 45,000oz next. The anticipated costs are projected to fall from around the current expected $1,100/oz to nearer $850/oz. With gold trading at about $1,303/oz and looking fairly stable, this could provide investors with an intriguing opportunity to buy into this sector.
Published 1830 days ago
EMED Mining (EMED) has announced results from a “transformational” quarter – in which it received the Unified Environmental Authorisation for the Rio Tinto copper project in Spain , and shortly after was granted ‘Administrative Standing’. So are the shares cheap? Yes.
Published 2418 days ago
AIM listed EMED (LSE:EMED) has been on the point of starting to build a huge copper mine in Spain for ages. But getting the consents needed seems harder than finding a 17 year old virgin in Romford. And EMED is still not there.