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Arian Silver, Pump, Dump, Feed the Board, Pump, Dump, Rinse & Repeat

By Tom Winnifrith | Thursday 13 July 2017


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Our very own Gary Newman nailed this spot on at the weekend flagging up that an almighty pump in Arian Silver (AGQ) was underway. Our sober, harsh but fair coverage contrasts well with the really sordid rampfest that saw the shares pushed ahead ahead of a placing today raising £600,000 at just 0.5p.

You can check all the tweets of the past few weeks urging folks to buy Arian HERE

Well you can't actually. Some of the nastier share rampers have since deleted their tweets. You can also see the vipers nest of share rampers and poltroons such as Justin the Clown playing its part, hosting a ramptastic podcast with CEO Jim Williams on July 1.

Natch Jim neglected to mention in that podcast that he was going to do another placing, after all the previous confetti issue was not exactly a distant memory - it taking place on May 25. It is becoming a golden rule of AIM that when the CEO of a serial confetti issuer such as Arian appears on a Vox podcast or is interviewed on tips TV by the Sith Lord Zak Mir it is a slam dunk cert that it is placing ahoy! Such interviews are this a great sell signal.

The fact is that whatever bollocks Jim spouts creating value he is one of the great destroyers of shareholder value on AIM.Three years ago the shares were 40p. After crashing 22% today they are 0.525p - investors have lost almost 99% of their cash, something that, as a long term bear who was berated by the company's fucktard PR Dominic Barretto of Yellow Jersey for refusing to say BUY like all the other hacks, gives me some pleasure and feeling of vindication.

But for Jim and his chairman, and fellow sheep shagger, Tony Williams it has been a different sorry for Arian has always paid its directors well. In 2016 when almost no money was spent on actual exploration the company managed to spunk $1.366 million on administrative expenses. This year it will be more. You have to pay to retain talent after all.

Jim Williams says that "The Company intends to use the proceeds of the Placing to further advance exploration of its mining concessions in Zacatecas, Mexico, and specifically to further seek and assess the prospect of acquiring additional lithium projects, some of which are currently being negotiated, as previously stated. "

In other words it will nearly all go on personnel as they negotiate other cracking jam tomorrow exploration assets to bring into the stable.

I believe strongly that to clean up AIM no company should be allowed to do a placing unless:

a) there is an open offer for all existing shareholders to participate
b) there is a four week blackout period when no research by a connected party ( paid ramper like Edison or house broker) is published, prior to the placing
c) There is a two week blackout on public comment by the company - so no ramptastic RNS statements, or verbal blow job podcasts with Zak Mir or Justin the Clown - prior to the placing.
d) Shares are suspended for 2 weeks prior to the placing to stop a pump and dump and forward selling.

Of course it will not happen. Without pumping and dumping worthless crap like Arian would be toast. So the farce continues. If you were suckered into paying up to 0.75p for the shares during the past two weeks you know who to blame as you sit on a paper loss of more than 30%.

If you do the maths the one thing you can bet the ranch on is that to pay all its 2017 bills this will NOT be Arian's last placing before Christmas. Next time the rampers go into overdrive treat that not as a signal to buy but as an opportunity to sell. Actually why wait until then to bail?


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