Pictured below is Lucian Miers entering Bridlington at the weekend after a 30 mile coastal walk from Scarborough. He says that he was "feeling a bit cream crackered!" after 11 hours walking. But on 18 May he will walk 62.5 miles, 100 kilometres to raise money to fight the appalling illness that is Motor Neurone Disease. For a much missed uncle Richard Hobhouse felled by this dreadful disease, I have and I hope that you will also sponsor him HERE.
For months there has been a debate about how Invinity Energy (IES) would fill the looming black hole in its balance sheet. Today it has announced that it has raised £56 million at just 23p and may raise another up to £6.6 million in an open offer at the same price. So who called this one right and where next?
Revolution Bars (RBG) says Nightcap (NGHT) has made a number of proposals. we can all make proposals. I refer you to the matter of Britain's most talented actress and chanteuse. I discuss what exactly is going on here.
It is all laughs here in Wales, a few thoughts as we buried Norman. Then a few thoughts on the sad death of Sara Alhashima and the wretched BBC. Then it is on the laughable delisting of AVZ Minerals, 1757 days after this Boatman dossier. some words on Ariana Resources (AAU), Inspiration Healthcare (IHC) and finally, in detail, numbers from the fraud Supply@ME Capital (SYME).
I am contacted by a reader who posits that there are a number of my fellow shareholders in Ariana Resources (AAU) are posting on the ADVFN Bulletin board saying that they will vote against the merger with Rockover. My correspondent gives a number of reasons for these folks posting.
How many times, over the years, has this company gone bust? I lose count. But at some stage surely folks should just say that a business model of selling not enough luxury cars to cover your costs and burning cash like it is going out of style is just bonkers. But I suppose that is how most big soccer clubs operate and when one owner runs out of dirty money another one comes along to shovel is cash into the furnace. Maybe Aston Martin Lagonda (AML) is a brand like Newcastle United and so normal maths do not matter. Today’s quarterlies are grim. Truly grim.
It is a postponement but not a solution. Horizonte Minerals (HZM) will go bust and shareholders will lose everything it is just a matter of when. Senior debt providers have kicked the can down the road again regarding non payment of interest first due on 31 December but then pushed back to March 29 and April 30. It has now been pushed back to May 15 to allow for more talks on restructuring this mess at a subsidiary level.
This week Alpha Growth (ALGW), whose antics we have covered in some detail on this website, presented its accounts for the year ended 31 December 2023. GOTCHA!