Notes from Underground – Most read articles for the week ending November 22

The most read, non-Tom, article last week was The View From The Montana Log-Cabin As Gold Continues To Battle $4,000 – But Is It Winning? by Nigel Somerville at number 9, or number 18 including Bearcasts.

1. Kefi Gold & Copper – “Tulu Kapi Syndicate Agrees Full Launch by Year-End”, Buy
   Kefi Gold & Copper (KEFI) has issued an announcement titled “Tulu Kapi Syndicate Agrees Full Launch by Year-End” which the company states it “is pleased to announce”. But haven’t we heard similar from it before? Well, yes and no.
   
   
2. The media class is baffled by why so many folks are emigrating: as you wind up your alarm clock here’s why
   Data out yesterday showed that 257,000 Brits upped sticks and left for sunnier climes in 2024. That is essentially a record high. And those folks were almost all wealthy and/or hard working and aspirant. Fear not, they are being replaced by hordes of Eritrean "doctors and engineers" arriving on a boat from Calais adding to the diversity and joy of life here in Blighty. The media class seemed puzzled why so many folks we would want to keep were leaving.
   
   
3. Ex paywall: Who will join Brian Basham at a Vast Resources demonstration at the LSE?
   Fleet Street Legend and champagne socialist Brian Basham is a busy man. When not getting into bed with a former supermodel comrade Basham is planning a campaign against Vast Resources. Following today’s latest disastrous admission, he has written to the bogus Sherriff of AIM, Marcus Stuttard the head of the Oxymorons at AIM Regulation.
   
   
4. Lucian was right, so a UK AI play to short for 75% to 90% share price collapse
   It is currently the bitcoin bubble that seems to be bursting, the AI bubble was flagged up by Lucian here last week, it is deflating too. You may find it easier to short the big US AI plays such as Nvidia, but if you are looking for a UK short here is one where my pal Evil Banksta is short and where I see the shares falling by at least 75% if not more.
   
   
5. One of Evil Knievil’s Golden Rules makes London Bitcoin Company a massive SELL this morning
   The bear raider and most bombastic man in London, if not the entire United Kingdom Simon Cawkwell, aka Evil Knievil, has numerous golden rules, reminders to we oiks of his great wisdom. One relates to paltry boardroom share buying.
   
   
6. GOTCHA! 80 Mile – someone had to fall on his sword at 80 Mile, but even this is a pungent resignation
   Following all the revelations on this website of undeclared related party transactions with Robert B Price of Highlands Natural Resources infamy, someone at 80 Mile (80M) had to fall on his sword. But even that exercise shows just how pungent this company is.
   
   
7. Video for AQSE Regulation: here is one rule breaking CEO discussing with another how he is breaching your rules
   Two wrong’uns for the price of one! But does anybody care? I suspect not. I will flag this up with AQSE Regulation but the chances of it enforcing its own rules or those of the FCA are longer odds than the chances of Diane Abbott winning next year’s Abel Prize. 
   
   
8. BREAKING: Amazing AI accuses Tom Winnifrith of lying, cancels joke spin off
   Just eight days ago Brown Envelope Man Zak Mir and other paid promoters like David Burton of TMS were praising Amazing AI’s (AAI) plans to spin off its bitcoin in treasury unit on to the Mauritius Stock Exchange as a master stroke of value creation. Now Amazing says the spin off its cancelled and the unit , which owns c$2,000 (no decimal places missing) of bitcoin will stay within the company and Mir is praising that call as genius too.
   
   
9. The View From The Montana Log-Cabin As Gold Continues To Battle $4,000 – But Is It Winning?
   Gold closed the week at $4,081 – a good improvement on last week’s $4,001 – having risen over $4,200 before falling away. Gold stocks also staged a decent recovery before also falling at the end of the week, as can be seen on the chart below of Gold against its mining ETFs GDX (majors), GDXJ (juniors) and GOEX (explorers). So have we seen the bottom of this correction?
   
   
10. Every Bubble has its villain: Michael Saylor and bitcoin
    When every bubble bursts someone is painted as the arch villain. Bitcoin, $125,000 just a few weeks ago, is today testing $90,000 and Michael Saylor, the founder of the world’s largest bitcoin in treasury company, MicroStrategy ($MSTR) is ranting that we should all buy bitcoin. Peter Schiff says Strategy is a fraud and will go to $0.

The most-listened-to Bearcasts this week were:

1. Tom Winnifrith Bearcast No 1: a tale of 2 gold companies with news, Kefi and Amaroq
   I have shares in both and am well ahead on both. I discuss the news from Friday and today, the risks and the rewards.
   
   
2. Tom Winnifrith Bearcast No 2: Getting mansplained to as to why its all different this time
   I start with more NHS fun and games: can any Shipman listening explain why I must wait 4 weeks for a 5 minute blood test. Then a chap mansplains to me at Jaya's birthday party. Then it is Optibiotix (OPTI), World Chess (CHSS), Cirata (CRTA) and Quantum Energy Data (MAST).
   
   
3. Tom Winnifrith Bearcast: Nvidia and fake news on the BBC
   I start with the Russia Ukraine war and BBC fake news and your comments, the Nvidia results and bubbles, then HC Slingsby and the AIM Casino's slow demise, Georgina Energy (GEX) and the FCA failing again and why Hemogenyx (HEMO) shows the FCA needs to ensure there are more prospectuses.
   
   
4. Tom Winnifrith Bearcast No2: Michael Saylor on X, he's mad, bad and dangerous - as for Paul Mathieson
   I start with a possible peace un Ukraine, then Eurasia Mining (EUA), bitcoin prices and what the FCA should force all UK listed bitcoin in treasury companies to do, then the madness of Saylor and also Paul Mathieson at Amazing AI (AAI). I look at Manolete (MANO), Quantum Energy (MAST) and Defence Holdings (ALRT) and warrants in a bear market.
   
   
5. Tom Winnifrith Bearcast: Inside the bitcoin bubble with the grifter Andrew Webley
   I start with the Cloudflare outage and end with Anglesey Mining (AYM). In between I discuss living inside a bubble and how it makes you act.
   
   
6. Tom Winnifrith Bearcast No 2: the tweets of a scoundrel CEO ( who calls me a criminal)
   I start with the FT whining of Rachel from Customer Services before considering some fascinating factoids about AI spending and bitcoin mining. I consider Argo Blockchain (ARB) and London Bitcoin Company (BTC) before discussing the X posts of perhaps the biggest CEO wrongun in London, a man who thinks I am a criminal
   
   
7. Tom Winnifrith Bearcast No1: Kenneth Mckinnon takes one for the team as he's gone native
   Mentioning a frightening example of welfare generosity which makes me think I am a mug for working, I consider today's share purchase and career of Kenneth Mckinnon of Touchstone Exploration (TXP) and 2 rule changes AIM should make.
   
   
8. Tom Winnifrith Bearcast No 1: at long last back from DEI games with the Shipmans and Tullow , shortable to 0p?
   I report back on a long morning with the Shipmans and then consider whether Tullow (TLW) shares are 80% overvalued or will go to 0p.
   
   
9. Tom Winnifrith Bearcast: my pal Chemtrails has been robbed
   Am I just a grumpy old man or do I have a point? I start with cricket then kids TV before going onto Dave Richards, Zak Mir, Mike Walters and the City's view on wrong doing.