From £6.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Latest Views & News

Pure Gold – Pure Tragedy: Why Has The FCA Not Pulled The Plug?

By Nigel Somerville | Friday 4 November 2022


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.


I am once again nursing a hefty hangover in the wake of too much Ouzo on Cornflakes with regard to sub-Standard-Listed Pure Gold (PUR). Having warned and warned over this situation, it now finds itself in the Canadian equivalent of bankruptcy protection, has closed its gold mine (so has no income, but you can bet the plc bills are still coming in), was $13 million short of technical solvency BEFORE debts owed to Sprott with regard to working capital and on Wednesday the Toronto stock exchange dumped its shares of the Venture exchange in favour of a NEX listing on that side of the pond. Why, oh why has the FCA – the (no sniggering at the back) regulator of the Standard List – not acted to suspend the shares over here, pending financial clarification?

Premium content is for paid subscribers only
ShareProphets is reader-supported journalism

Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.


Filed under:



That Was the Week that Was

 

ICON

Iconic Labs – its alive!

Wednesday »

Bearcast

Tom Winnifrith Bearcast: Family tales

 

SHG

Shanta Gold – a recovery BUY!

 

MUSH

Oscillate RTO – madness

 

MOON

Surely Moonpig is a short at 171p?

 

Atomic

Video: The Road to an Energy Crisis

 

Bear

Beyond Meat is Beyond Redemption.

Friday »

Bearcast

Tom Winnifrith bearcast: Madness!

 

RRR

The Andrew Bell defence at Red Rock