Results

Flip Flop Ben Turney sends Private & Confidential begging email to Teathers shareholders – we publish in full.

Published 3 hours ago

Flip Flop Ben Turney, formerly of this Parish, insists that this email to shareholders in Teathers Financial is private and confidential. I can see why, as it is bollocks he would not want subjected to outside scrutiny. Naturally it has found its way to Winnileaks so I publish it in full. 

Paternoster GM Notice - market has this very wrong

Published 26 days ago

The first thing to note is that the NAV of Paternoster Resources (PRS) was 0.172p per share and that was 94% in cash and listed investments. One of the larger stakes was in I3 Energy (I3E), shares in which have rocketed in recent weeks - almost certainly unjustifiably but that is life. With overheads slashed by the new regime, the NAV could well be heading towards 0.2p per share. The shares are 0.08p-0.1p which makes them a cracking buy ahead of the next NAV statement.

UK Investor Show 2018 Video Gold & Mining session - Frisby, Van Dyke, Atherley et al

Published 46 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.

UK Investor Show Dragon's Den Video Number 5: Tom, Brian Kinane & Steve invest another £3,000

Published 49 days ago

At the UK Investor Show there were six Dragon's Den sessions. As a result of each £3,000 of my real money was invested after each dragon picked one of the 5 companies doing an elevator pitch. In session five the Dragons were me (Tom Winnifrith), Brian Kinane of Riverfort, a jovial Irishman who takes teasing well, and Steve Moore. The companies pitching were: Big Sofa, Symphony Environmental, Stranger Holdings and Papua Mining

Smart deal and Smart Financing by Red Rock

Published 76 days ago

Tin hat on! Defending my friend Andrew Bell is always a way to get the modern equivalent of hate letters in green ink. But here goes anyway, proof that the guy can do smart deals and that those who say everything he does turns to dust are talking rubbish. Let's just look at some facts.

PCG Entertainment: When did something last happen at this cash shell and no, Mr Poulden, A PLACING DOES NOT COUNT!

Published 116 days ago

I last wrote about PCG Entertainment (PCGE) about six months ago (HERE) after it announced its Riverfort funding deal which I thought was potentially ok provided PCGE kept up its newsflow to provide the necessary liquidity to soak up the Riverfort sales; however, unfortunately, nothing of any import has been announced and in fact, nothing has happened at PCGE since the dark ages it seems – isn’t it just a cash shell?

Sula Iron and Gold switches its focus to cobalt

Published 183 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.

Tern: Is this going to be the worst ever example of the death spiral?

Published 200 days ago

I must admit to having a slightly morbid fascination with the various death spiral variants. They all look so similar on the face of it but the devil is in the detail and although the one announced by Tern (TERN) on Thursday looks harmless enough, it could easily crucify the share price, much more so than has been seen already.

Solo Oil – death spiral horseshit from Beaufort

Published 218 days ago

This morning AIM-listed Solo Oil plc (SOLO) announced a $5 million death spiral facility with institutional investors and arranged by Riverfort. It is a convertible facility with 8% interest, and an option to repay in cash (with a small penalty). Beaufort Securities (house broker) issued a note this morning. It is utter horseshit – shame on you.

PCG Entertainment – Lots to like about this funding deal other than…….WHY??

Published 306 days ago

Like Richard Poulden, CEO of PCG Entertainment (PCGE), I have a bit of time for Brian Kinane at Riverfort. As someone who believes in transparency and clear communication, my view is that Brian is trying to bring some of that to the world of small cap funding, particularly where the dreaded phrase “ death spiral” is concerned and there’s a few points here to be applauded. It still doesn’t prevent the obvious question being aimed at Mr Poulden though – WHY RAISE MORE FUNDS NOW?

Jubilee Platinum deal with Riverfort - death spirals so bad right? NO!

Published 311 days ago

Jubilee Platinum (JLP) last week announced a $50 million funding package to grow its metals recovery business. Oh no Riverfort! Said the snipers. Death spirals, yak, yak, yak. They have it wrong. This deal is, if you read the detail, good news.

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