Disclosure: I own shares in one or more of the stocks mentioned. 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.

Sefton Resources; shafted up the garden path

By Ben Turney

30 June 2014 14:39

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I have to admire the Dunkirk spirit of certain long term bulletin board supporters of Sefton Resources (SER). Surrounded on all sides, under constant bombardment from land, air and sea, this plucky little group of shareholders will never fail to see the silver lining in the storm clouds gathering over their heads, no matter how bleak or perilous they may be. I’ll write about the dire terms of Sefton’s refinancing deal tomorrow, but in the meantime the company’s results for last year are abysmal. Anyone considering buying into this revival story should have a long hard think about their nearest and dearest before throwing cash into this money pit of a company.

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Comments

wildrides

30 June 2014, 14:59

Never mind …… it will all be alright when Dr Ali publishs his Steam Flood Report .
As long as the dog does not eat it .
wildrides

30 June 2014, 15:16

“shafted up the garden path “ They dont like it up em Captain Mainwaring, no they dont sir .

“quiet Jones”
Jeremy

30 June 2014, 18:21

At 28/2/2014 Sara Creek Gold,Harker Energy’s parent company showed net shareholder funds of $109,701.In the 3 months prior it had gross revenue of $18,000 and made a loss of $173,000(Unusually high due to legal costs,typical 3 monthly loss has been in $20k range.It appears to have raised $365,000 in equity since.Full info can be obtained from OTC Markets.
I assume this deal is being funded by loans unless or until new equity capital is obtained.
Philip

30 June 2014, 22:57

Dr Ali’s flying in on his magic carpet now. Its ‘imminent’!!! ;)