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Iconic Labs gets AGM approval to issue billions more shares, will it set a new confetti issuing record in 2024?
Iconic (ICON) successfully passed all its AGM resolutions on 13 February and in each case over 90% of votes were cast in favour of the resolutions but under a third of shareholders bothered to vote.- By Tom Winnifrith |
- 15 February 2024, 10:05 |
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Kefi Gold & Copper – Tulu Kapi update, an upcoming financing and project launch catalysts Strong Buy
Kefi Gold & Copper (KEFI) has issued a “Tulu Kapi Gold Project Update” including the big news that “all the other parties in the funding syndicate, have advised they will this month go to their respective committees to approve the proposed transaction” and that contractors have all reaffirmed to enable full project launch in the current half-year as previously outlined. This very good news has currently helped the shares up approaching 14% at 0.675p to buy, but there looks much more upside to come.- By HotStockRockets |
- 15 February 2024, 08:50 |
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Tom Winnifrith Bearcast: gold dips, bitcoin surges, what is going on?
In today's podcast I discuss: gold, bitcoin, Argo Blockchain (ARB) and why it is still burning cash, FCA failings, statements needed from Chill Brands (CHLL) and Supply@ME Capital (SYME) and the latest shocker from Vast Resources (VAST), Roland "fatty" Cornish and his pal the sex therapist.- By Tom Winnifrith |
- 14 February 2024, 16:50 |
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Verici Dx – equity raise, more to “advance multiple growth initiatives” or fund ongoing cash burn?…
Previously writing on company describing itself as “a developer of advanced clinical diagnostics for organ transplant” Verici Dx (VRCI), in November with the shares up to 9.5p I wrote “Commercialisation agreement with Thermo Fisher”, but still what about that cash burn? – concluding that, with also house broker Singer Capital Markets only talking of the cash runway as a result being extended only to at least the end of 2024, it is still then what? Therefore, at that juncture and a £16.2 million market capitalisation, I continued to avoid. So what of, already, now the company “pleased to announce… gross proceeds of the fundraising amount to £6.50 million”?
- By Steve Moore |
- 14 February 2024, 16:05 |
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Amaroq Minerals – a placing, but a good one! Upgrade stance on a winning tip to Buy
With the largest package of mineral rights in southern Greenland, Amaroq Minerals (AMRQ) announced an equity raise of approximately £30 million “to accelerate development and exploration activities”. However, as suggested by the price of the fundraising despite a depressed market, the prospective accelerated development and exploration looks very exciting indeed.- By Tom Winnifrith & Steve Moore |
- 14 February 2024, 14:15 |
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BREAKING: Roll up to the Vast Resources GM to mix with Fatty Cornish and the Sex Therapist
The Vast Resources (VAST) GM called to approve yet another share consolidation will be held at Nettlestead Place, Maidstone Road, Nettlestead, near Maidstone, a country mansion. Where are the shareholders’ country mansions I hear you ask for this is the residence of fat cat Vast boss Roy Tucker. But he is, as you can see below, not the only resident.- By Tom Winnifrith, the Sheriff of AIM |
- 14 February 2024, 13:54 |
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Allergy Therapeutics – “half-year trading update”, to soon require further funding again!
Previously writing on allergy vaccines company Allergy Therapeutics (AGY), in August with the shares down towards 2.5p I concluded very significant funding to be needed quite swiftly and it not in a good negotiating position. So what of now, with the shares having most recently closed at 2.45p, an update on its half-year?
- By Steve Moore |
- 14 February 2024, 13:39 |
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TruSpine – The Comedy Continues As Godot Is Promised “Shortly”
Aquis lobster-potted shambles TruSpine (TSP) updated on financing (or, rather, lack of….) and its long-awaited 2022 AGM. Yes, that’s 2022- no typo!- By Nigel Somerville |
- 14 February 2024, 12:54 |
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Moron on twitter wants Zak Mir to sue me, go ahead “brown envelope man” make my day
Once again, Gary Newman seems to be engaging with a complete poltroon, “TruthSeeker,” on twitter. Gary, life is too short to waste it debating folks with the IQ of a cheese sandwich. Just block him. TruthSeeker seems to think that I should not be allowed to write articles in the public domain suggesting that Zak Mir takes money for writing pumptastic nonsense about listed companies as that is libelous.He tweets:- By Tom Winnifrith |
- 14 February 2024, 12:51 |
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Told y’all: Vast Resources, the pride of "Fatty", MINUS 99.99999% from peak, yet another share consolidation and yet another cash crisis
This is like groundhog day. The last 100 for 1 share consolidation was just 32 months ago when, laughably, dumb shareholders were told it was needed to allow dividend payments. But, no dividends and numerous placings later, Vast has again run out of cash and again its shares have slumped below the 0.1p par value. Its groundhog day!- By Tom Winnifrith, the Sheriff of AIM |
- 14 February 2024, 12:51 |
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Fusion Antibodies – discounted placing as I warned, but a share options ‘up yours’ to external shareholders too!
Just last week with its shares rising above 5p on a “pleased to announce” follow-on project award, I cautioned on antibody contract research company Fusion Antibodies (FAB) to be particularly wary of the attempted ramptastic considering its funding situation and to avoid/sell. It hasn’t taken long for a “placing” announcement!
- By Steve Moore |
- 14 February 2024, 11:19 |
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Technology Minerals dissembling on when the death spiral mass share dump starts: is it today?
Yesterday I suggested that Technology Minerals (TM1) the Standard Listed joke company drowning in the stench of disgraced fraudster Chris Cleverly would see its death spiral provider start to dump shares on March 8. But I may be wrong. It could be today. Let me explain.- By Tom Winnifrith |
- 14 February 2024, 09:20 |
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Pennant International – trading update, a “growth strategy is delivering” Buy
Training systems, software and technical services group Pennant International (PEN) has issued a trading update emphasising “Record Gross Margin & Return to Operating Profit” and announced the appointment of a non-executive director Chair designate.- By HotStockRockets |
- 13 February 2024, 17:18 |
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Tom Winnifrith Bearcast: 3 gold miners, a surprise lunch guest who I cannot name and a zero which is yet another triumph
I cannot name the guests for whom I cooked lunch but it has delayed me a bit, In the podcast I discuss Kefi Gold & Copper (KEFI), Ariana Resources (AAU), Amaroq (AMRQ) and Dispensa (DISP), today's triumph where nothing stacks up.- By Tom Winnifrith |
- 13 February 2024, 16:20 |
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TPXimpact – notes director and other shares purchases. “Positive” news?…
The corporate jargon company (oops) “technology-enabled services company focused on people-powered digital transformation”, TPXimpact (TPX) has announced CFO and share incentive plan shares purchases. What of these currently helping the shares up to 40p?
- By Steve Moore |
- 13 February 2024, 16:10 |
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Velocity Composites – “pleased to announce” appointment of an additional broker “with immediate effect”. Now, why is that likely to be?
Describing itself as a “leading supplier of advanced composite material kits to the aerospace market”, Velocity Composites (VEL) today “is pleased to announce the appointment of Dowgate Capital Limited as the company's Joint Broker with immediate effect”. Hmmm, now why is that likely to be?- By Steve Moore |
- 13 February 2024, 14:39 |
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The Versarien scumbag Neill Ricketts will regret his greed as ex staff line up to blow the whistle
As I mentioned in yesterday's bearcast I am not so sure I feel that much warmth for those ex Versarien (VRS) staffers now lining up to expose various untruths and worse from the time when Neill Ricketts was in charge. When Ricketts was egging on demented shareholders to pile on against me or, worse, my wife these folks were happy to do nothing and bank their pay cheques. But better late than never and we do now have a common objective.- By Tom Winnifrith, the Sheriff of AIM |
- 13 February 2024, 12:05 |
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Saietta – shares crash again on “Commercial Update”. For how much longer is this group ‘commercial’?
Previously on electric vehicles technologies group Saietta (SED), in December I wrote interims “as it enters… exciting phase” or as it’s a ‘no-one watching’ day? – concluding that further funding in a highly challenging funding environment is required soon then! At a down to 17.5p share price, £25.4 million market cap, natch still avoid/sell. So what of today a “Commercial Update” announcement?
- By Steve Moore |
- 13 February 2024, 11:27 |
MediaZest – “New Business Win” Rampety-Ramp: SELL
AIM-listed dog MediaZest (MDZ) has announced a new business win, describing it as “substantial” with a “large, UK based FTSE listed client”. So why have the shares not moved?- By Nigel Somerville |
- 13 February 2024, 11:18 |
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Technology Minerals: it just cannot verify today’s statement!
The big problem with Standard Listed companies is that there is no Nomad system to ensure that statements made by companies are verifiably true and not misleading. One must just rely on the integrity and honesty of directors, fine chaps like Alessandro Zamboni and those liars from Caracal Gold (GCAT). But when, as is the case with Technology Minerals (TM1), there is the stench of fraudster Chris Cleverly’s historic involvement you must surely feel slightly uneasy. You can bet the FCA does. And that is the problem with today’s RNS.- By Tom Winnifrith |
- 13 February 2024, 10:12 |