Notes from Underground – Most read articles for the week ending 10 Dec 2022
The most-read non-quiz non-Tom article this week is from Gary Newman with Horizonte Minerals is on the verge of debt drawdown to complete the Araguaia mine – still a Buying opportunity? at No 9 or No 15 including Bearcasts.
- By Darren Atwater |
- 11 December 2022, 06:43 |
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Tom Winnifrith Bearcast: why Gary Newman is so wrong on Coro
But we believe in free speech here so Gary is entitled to his opinion. But I explain why, in my view, Coro Energy (CORO) is a bargepole stock. The good news today is that we have now raised 84% of our Woodlarks Christmas Grotto appeal target. Please shut me up and donate a tenner (or more) to raise that last £443 HERE- By Tom Winnifrith |
- 10 December 2022, 16:55 |
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When you bank is trouble you are really screwed – yes its Argo Blockchain again
We still have no statement from Argo Blockchain (ARB) regarding its share suspension on Friday and a possible Chapter 11 filing. But if you think Argo has problems ( it does it is bust) have a look at its main bank, NYDIG, the company’s primary secured lender.- By Tom Winnifrith |
- 10 December 2022, 16:22 |
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SHOCKING EXPOSE: Evrima – this is taking the piss! Free money for the boss!
I have highlighted before that Aquis listed Evrima (EVA) is worthless POS, with shocking corporate governance. Now there is an AGM planned for 28 December and CEO Burns Tennent Bohi really is taking the piss on a gargantuan scale. Let me explain:- By Tom Winnifrith |
- 10 December 2022, 15:38 |
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The View From The Montana Log-Cabin As Gold Again Challenges $1800
Gold finished the week at $1798 – exactly where it was last week. However, story in between times was that it dropped to around $1770 before pushing back up towards the $1800 mark. Jordan Roy-Byrne, of TheDailyGold.com seems now convinced the bottom is in on Gold’s correction since the heady days 16 months ago at the height of Covid. Now all we wait for is for precious metals to decouple from the general stock market as recession and debt worries bite.- By Nigel Somerville |
- 10 December 2022, 14:55 |
Flowtech Fluidpower – again a Buy?
Fluid power products business Flowtech Fluidpower (FLO) is a company we have successfully covered on this website before – banking a less than six months 39.5% offer to bid gain last year at a 117.5p bid price, though also noting then that on continuing strong trading recovery delivery there is likely some further upside. The shares went on to reach 150p and this year’s half-year numbers showed further positive trading recovery… but the shares are currently available at a 109.5p offer price. We therefore now ride again, targeting a return to 140p+ as trading delivery is further proven and market sentiment improves from here.- By HotStockRockets |
- 10 December 2022, 08:01 |
Tharisa – full-year results, valuation remains highly attractive
Tharisa (THS) has announced results for its year ended 30th September 2022 and that “the long-life Karo platinum project, when added to the 60+year LOM of the Tharisa PGM and chrome operations in South Africa, sets the foundation for Tharisa's growth”.- By HotStockRockets |
- 10 December 2022, 08:00 |
Strike a Light! Shares could Suffer Even More as Blighty Becomes a Third World Country.
Hello Share Managers. There’s less than a fortnight to your cool yule. But there’s still time for a Santa rally. Except that there won’t be one this year. I can hardly believe I’m saying this but there isn't a bullish thought in my old body at present. Here’s why.- By Malcolm Stacey |
- 10 December 2022, 07:59 |
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Tom Winnifrith Bearcast: More Albanian problems and more Kefi shareholders on my case - I communicate with ’arry Adams
I explain my latest Albanian problem on day three of the harvest. The it is onto Kefi Gold & Copper (KEFI), Yourgene (YGEN), Kibo (KIBO), Procook (PROC) and Argo Blockchain (ARB). There is a bit of swearing for Catriona and Matthew's Dog since Matthew and C's Dad have both donated to the Woodlarks Christmas appeal. Thanks to them and you all we are now at 64% of target. If you are yet to donate, please shut me up and donate HERE.- By Tom Winnifrith |
- 9 December 2022, 16:22 |
IXICO – “contract win”. Is it?, and what about the contract loss and financial outlook?
Medical analytics company IXICO plc (IXI) has announced that it “has been selected by a leading global pharmaceutical company, and new client, to provide MRI imaging services for an early phase clinical trial”. So what’s the detail, with the shares currently up approaching 4% at 26.5p in response?- By Steve Moore |
- 9 December 2022, 15:57 |
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Procook – told y’all another warning, an extra ouzo for the Sheriff of AIM tonight!
I explicitly warned you to dodge the Procook (PROC) IPO at 145p on November12 last year. Since then there have been a catalogue of profits warnings and today, just 40 days after the last trading statement there is another savage warning. It will not be the last and the shares, at just 28p, are for morons and financial masochists only.- By Tom Winnifrith |
- 9 December 2022, 15:38 |
CT Automotive – having listed on AIM less than a year ago, the attempted ‘no-one watching o’clock’ release trick already?!
Describing itself as “a leading designer, developer and supplier of interior components to the global automotive industry”, CT Automotive (CTA) listed on AIM less than a year ago at 147p per share and has now provided “an update on its performance for the year ending 31 December 2022”… yesterday at 4:05pm. Is it trying the attempted ‘no-one watching o’clock’ release trick already?!- By Steve Moore |
- 9 December 2022, 14:12 |
Inspirit Energy – time for an uber expensive cash bail out
On 8 December Inspirit (INSP) announced that “it has entered into a short-term, un-secured debt facility of up to US$250,000 (approximately £205,075). Under the Facility Inspirit will be initially drawing down US$80,000 (approximately £65,624)” It contained the standard lie that AIM and Standard Listed dogs regularly trot out when raising funds to pay for ongoing losses namely “the proceeds of the advance are for general working capital.”- By Tom Winnifrith |
- 9 December 2022, 12:07 |
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Tom Winnifrith bonus bearcast - Argo, the end or the beginning of the end?
Tom First things first. We have now passed 50% on the Woodlarks Christmas appeal. If you can help us raise just another £1500 by donating a tenner we are there. Please donate HERE. Secondly Argo Blockchain (ARB) shares have been suspended. An extra ouzo for me tonight. I discuss reference the screen grab, of a page now deleted by Argo or maybe not, below.- By Tom Winnifrith |
- 9 December 2022, 11:25 |
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A pleasing update from Porvair
Just over two weeks to go until Christmas and I see multiple unions are shouting “bah humbug!” in various ways. Meanwhile, in the real world, there are some well-received comments from Porvair (PRV).- By Chris Bailey |
- 9 December 2022, 09:29 |
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Trifast – set for second-half improvements?
Industrial fastenings and components principally for major global assembly industries business, Trifast (TRI) has recently announced results for its half-year ended 30th September 2022 including earnings per share down to 3.33p, increased net debt and noted continuing macro challenges. However, it also noted various “significant progress” which encourages for the second half of the year and beyond and suggests share price recovery potential.- By HotStockRockets |
- 9 December 2022, 09:12 |
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easyJet – full-year results, now return to profit potential?
easyJet (EZJ) has announced results for its year ended 30th September 2022, including emphasising “achieved record headline EBITDAR in Q4 of £674 million” and “peak holiday weeks this winter, such as October half term and Christmas week in the UK, are back to normal levels of volume. Through these key periods, ticket yields are showing strength on the prior year, with the Christmas period's ticket yield currently up c. 18%”. Is this overall good news?- By Tom Winnifrith & Steve Moore |
- 9 December 2022, 08:57 |
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OptiBiotix Health - shares subscription, some answers
OptiBiotix Health (OPTI) CEO Steve O'Hara states that he is “pleased with the interest shown from new and existing shareholders in this fundraise which will support further company growth”. We weren’t pleased and managed to interrupt his holiday in the West Indies to get some answers.- By HotStockRockets |
- 9 December 2022, 08:24 |
Shearwater – interims and traditionally weighted second half “has started strongly”, still a Buy?
Technology security services group Shearwater (SWG) has announced results for its half-year ended 30th September 2022 and that it remains “confident, based on delivering the existing pipeline of opportunities”. So what’s the half-year detail and what of a current 95.5p share price?- By Tom Winnifrith & Steve Moore |
- 8 December 2022, 16:47 |
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Tom Winnifrith Bearcast: time to close the Purplebricks short?
I start with a little joke about the weather and global warming. Then I discuss Tern (TERN) and Purplebricks (PURP).- By Tom Winnifrith |
- 8 December 2022, 16:21 |