UK 08:36 Wednesday, 23 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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.
Independent Resoures (IRG) is almost bust and will do a placing to keep the lights on very soon. But its shares are up by 185% today at 0.3p thanks to an RNS which is a spoof aimed at fooling mug punters. It has worked, never underestimate the stupidity of AIM investors.
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Comments
Gary Newman
You beat me to it on this one and totally agree with you! The company was always going to be screwed unless oil had managed a big bounce back very quickly.
Scampi
Oh well, I had a punt last week at .1 and sold for 100% profit today – still out of the money overall on this but it was nice to put some of my 200% 88E profits to work and compound the gain!
RTN
Totally agree. Hadn’t read this (until someone pointed it out on a messageboard) on which I’d just posted a message saying almost exactly the same as you.
Uh-oh I’m turning into you! ;) (will have to work on my profanity though)