Shares in AIM cesspit listed Great Western Mining (GWMO) tanked on Friday after an RNS which – in the wake of the US Oil & Gas (USOP) and Teknomining debacles – simply does not was. At 2.55p and capitalised at just £2 million this company is heading rapidly towards having shares of “toast investment grade.”
What Bulls of Centamin have failed to appreciate in recent months is that rather than rejoicing that the Sukari mine/gold production was at record levels, realise that the more wealth the group creates, the greater the attraction it is for the Egyptian authorities to grab the goose laying the golden eggs.
They do not like it up ‘em. Shares in some of the darlings of the AIM market have taken a bit of a hit of late and some folks, the believers, believe that this is the result of a great conspiracy involving myself, Evil Knievil, Lucian Miers, Zak Mir, Red Evans and others. How about a quick look at the facts.
As is often the case as far as stocks and markets are concerned, when profit taking sets in, the pullbacks tend to be the “worst of both worlds.”
While it has to be admitted that given the overall construction of Vatukoula Gold Mines shares over the past couple of years would hardly give bulls a warm fuzzy feeling inside, we are at a point where those who are in the mood for a technical buy opportunity might wish to chance their arm.
Gold mining stocks such as Pan African Resources (PAF) are not top of the pops but commissioned researcher Edison argues that for Pan, at least, the underlying value investment case is solid.
Although fellow share profit Steve Moore is undoubtedly a man of wisdom and integrity, at least on a technical analysis basis I am prepared to disagree with his judgement on ASOS and call shares in the online fashion retailer significantly higher.
Last weekend I exposed how Verdes Management (VMP) a company listed on the AIM Cesspit market had misled investors in a series of RNS announcements as it struggled to say afloat in recent months.
The two big relative attractions of HSBC (HSBA) as a bank are its recent historic steadfast holding to its culture and its subsequent capital strength. The culture enabled it to steer the ship without tax payer help through the storm of the banking crisis.
AIM-listed international staffing company Empresaria (EMR) is a company followed on the premium Nifty Fifty offering. The shares reached 36p in March but have since fallen back to trade at a current 29.5p.
The good news as far as technical analysts are concerned in terms of the charting set up at Shanta Gold is that it is very similar in structure to that at another precious metals play I looked at today: Arian Silver (AGQ). The bad news is that if anything, the outlook here is just as poor, or worse.
I first wrote on fully-listed holding company of life and pensions businesses, Chesnara plc (CSN) in July 2012 – concluding positively with the shares then at 169p.
While it may not be anything that eases the pain, the reminder that as far as Arian Silver is concerned that there were plenty of warnings along the way in terms of the price action over the past couple of years, may serve as a lesson for the future.
A new presentation by Regency Mines
AIM listed Gulf Keystone Petroleum (GKP) is the darling of many private investors in the UK and further afield.
On 9th may Sirius Minerals (SXX) updated investors on the planning process for its proposed mine on the North York Moors.
Oh Dear. Oh Dear. Oh Dear. It looks as if the Islamofascists in Egypt are moving a step closer to seizing Centamin’s (CEY) flagship Sukari mine, but the company (and its shareholders) are in denial.
Thanks to its widespread application in industrial, manufacturing and construction processes, copper acts as a very useful indicator of economic activity.
With its shares having tanked from 14p a few weeks ago to just over 7.41p with most of the falls following annual results on Tuesday, Quindell Portfolio (QPP) – hitherto a darling of the AIM Cesspit – has put out a statement late last night.
The April edition of the UK Investor Show Magazine is live featuring Metal Tiger, BMR, Harley Investments, Action Hotels and much more.
Making money from shares is simple. Well it should be. Buy cheap. Hold. Hold. Hold. Hold, and finally sell when the shares have delivered you big gains. Where so many folks go wrong is getting impatient and not being prepared to hold, hold, hold. Let us tell you about Symphony Environmental (SYM) which we tipped at a 6.75p offer just over three years ago. It did nothing for ages....
This week's contest is graciously sponsored by African Potash, AIM, NEX, Chris Cleverly vehicle that is bound to hit the stratosphere.*
Before I call it a day I want to see the victims of the African Potash (AFPO) fraud get some of their money back, even if some of those victims were fairly beastly to me as I exposed the fraud. Friday's bombshell from Potash shows the game is up but the big frauds happened before this worthless enterprise was booted off AIM. To that end I have been working to help put together a legal action. That action is now almost underway and Peter Petyt, the man running things, wrote to more than 50 victims who have come forward at the weekend. If you lost money and want to try to get it back it is not too late to contact Peter. His letter & contact details follow.
In this video from the storming success that was the 2017 UK Investor Show, Paul Scott finds Nigel Wray's and Paul Mumford's investment strategies. And make sure that you keep April 21 2018 free for next year's UK Investor Show.
Artificial political constructs never last. The EU is great for the “elites” in Brussels; not so much for the average citizen and the tragedy of monetary union is that Europe's political class has gone to extreme lengths to hold the euro together regardless of underlying economic logic. But this has only perpetuated and exacerbated the coming political crisis. "Monetary union has created a conflict between a centralised elite on the one hand, and the forces of democracy at the national level on the other. This is extraordinarily dangerous,” Mervyn King wrote in his recent book 'The End of Alchemy'.
As I flagged up over the weekend, in a desperate attempt to keep the fraud from becoming insolvent, African Potash (AFPO) has proposed a RTO of a company called Onshore Energy Limited, OEL. Lyin' Chris Cleverley Potash's boss is also a director and shareholder on OEL. But it gets worse. Much worse.
I previously wrote on WANdisco (WAND) in January – ‘one quarter does not an investment make, but offers some encouragement for shareholders’. The following updates with the shares currently on the rise on the back of a “Significant customer win and Q1 update” announcement…
Yesterday we wandered through the first page of search results on the OpenCorporates.com website to look at the record of AIM-listed Advanced Oncotherapy (AVO) Executive Chairman Dr Michael Jeffrey Sinclair. There are rather a lot – here comes page 2.
Stanley Gibbons (SGI) has announced it “has sold one of the rarest pieces of Indian Philately to a private collector-investor in Australia for £500,000, the highest price ever paid for a single Indian philatelic item”.
ShareProphets AIM-China Filthy Forty play Taihua (TAIH) announced last Friday that the EGM called to approve the company’s proposed delisting from the AIM Casino had passed the proposals with the requisite majority. The shares are expected to depart the world’s most successful (but perhaps not for Taihua) growth market first thing on 8 May. In the wake of the announcement – at 4.15pm last Friday, bordering on no-one-is-watching o’clock - the shares again nose-dived, registering a new low of 0.1p on the bid yesterday, but all of a sudden the stock is on the rampage this morning. What is going on?
AIM-listed Advanced Oncotherapy (AVO) – teetering on the brink of having to call an EGM to reduce its nominal share capital under the terms of its death-spiral funding package with Bracknor – has announced yet another director share purchase, the fourth just this month (if we ignore the botched 7am RNS of 4 April). As ever, this is just a spoof in order to encourage more buying in the market so as to allow Bracknor to offload more of its death-spiral conversion shares as Advanced hopes and prays for the next £1.235 million tranche of funding before the coffers run dry.
On 12 April 2017, the fraud that is African Potash (AFPO) announced a change of auditors from RSM UK Audit LLP to PKF Littlejohn LLP. One can understand why RSM UK Audit LLP might be keen to cease its relationship with a company with the frankly appalling track record of African Potash but how desperate does PKF Littlejohn LLP look in taking on African Potash as an audit client?
The COT report reveals the large paper short and long positions in silver. Currently it appears to be indicating a small downtrend in the silver market. In this week's Palisade podcast David Morgan discusses how silver markets move and how they can be pushed to the downside once investors run low on cash, as banks will short the market at opportune moments.
Goals Soccer Centres (GOAL) has admitted “preliminary discussions” with key rival Powerleague on “combining the two businesses”, though emphasises that is “but one of the strategic opportunities currently being assessed by the Goals board”…
An announcement from Blancco Technology Group (BLTG) entitled “Q3 Trading Update, Cash Flow Review and Funding”. Hmmm, I’d guess it ain’t gonna be positive…
Truly, there are no winners from the pool of Bulletin Board morons, only those who succeed in making our eyes roll the furthest.
Together Robert Sutherland Smith and Tom Winnifrith have now been working in finance for 71 years - the last ten or so together. Tom wishes to stress that RSS accounts for most of that, the great value investor starting his City career at the Unilever Pension Fund the year before Tom was born. In this book they outline 71 tricks of the trade for making money from shares.
Get the first ShareProphets Pocket Guide ebook, EIS - Buying shares with numerous tax breaks. Want to cut your income tax bill, get loss relief if your AIM listed shares go down, pay no CGT, avoid IHT - EIS could be the way and this book explains how.
Most investment books seem to be large enough to keep the front door open and while some contain gems it is hard to find them amid the verbiage. The aim here is to produce a short guide which simply cuts to the chase. I hope that it will provide food for thought for everyone from beginner to expert but whoever you are it should be quick and easy to read and digest.
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