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Yesterday I warned here that AIM listed gold mine developer Aureus Mining (AUE) was going to have to raise stacks of cash. The deluge of upbeat RNS announcements told you as much. And I advised selling at 57.5p. This was met with stacks of Bulletin Board abuse from folks insistent that I did not know what I was talking about. I suggest scores on doors after 24 hours: TW 1 BB Morons Nil. As today the company has ‘fessed up saying it plans to raise $80 million via issuing new shares. For a company capitalised at £60 million ($95 million) that is a huge ask and there seem to be all sorts of risks here. I would almost be tempted to go short here. If I own the stock I would sell. Here is why.
AIM listed Aureus Mining (AUE) is a gold development and exploration company, currently mainly focused on progressing its New Liberty project – which it is targeting to become the first commercial gold mine in Liberia. I apologise for having timed my recommendation poorly here – recommending the shares at 84.5p in August 2011 on t1ps.com, during my 12 year stint there. Now trading at 57.25p, I review the investment case based on the informed view of where the best place to currently be in the gold sector is…
Another day and another placing from AIM listed gold miner Vatukoula (VGM). The shares are down to 35p and given the convoluted circumstances of this placing I can understand why some are tempted to sell and move on. Having recommended the shares at 46.5p on t1ps.com, the site I founded 12 years ago and edited until September I am not best pleased. However I would not be selling, I’d be buying and here is why.
AIM listed Pursuit Dynamics (PDX) has forever promised mammoth revenues and huge profits. It has never delivered. And as such the technology developer is looking to pass the hat around yet again. But as it admitted today, there is no certainty of success. If it raises cash this merely postpones the inevitable. But I suspect that is an if, and a big if to boot. As such this looks like an obvious sell.
AIM listed IT services group Nexus (NXS) has been one of my most disastrous tips of all time. I recommended the shares at 0.89p in December 2006 and many times since on t1ps.com the site I founded and edited for 12 years until September 2012. My average gain per tip over 12 years and 240 tips would have been more than 42.7% had it not been for this shocker. The shares are now at 0.105p following news today of a Reverse Takeover
AIM listed gold producer Hambledon Mining (HMB) has not covered me in glory. Recommended at 3.25p in November 2008 on the site I founded and edited for 12 years until this September (t1ps.com) the shares now trade at 1.275p. Most mining juniors have not prospered (they raced ahead and then fell) but Hambledon has fared worst than most. This was a bad tip. I apologise. But what to do now? Call it a day and shoot the dog or is this a red hot penny share recovery play? I spoke to the company at length today.
This has been a shockingly bad tip from me. The shares have popped up today. And so...
A long chat with Lombard Risk Management (LRM) CEO John Wisbey has finally come to an end. Interims today were as expected. The issue that I find hard is the company’s policy of capitalising R&D Spend. I shall discuss that in some detail below. I wonder if others quizzing him today have focussed on this or have pulled their punches?
I have repeatedly warned that for all the Abramovich hype, AIM listed investment company Zoltav Resources (ZOL) enjoyed a joke valuation. It seems as if folks are starting to pick up on this and the shares have now slipped to 3p. But they are still 90% overvalued and are a slam dunk short down to a 0.25p target.
AIM listed financial spread betting group London Capital Group (LCG) has issued a profits warning today and its shares have duly tanked by 10p to 52p, valuing the company at £27.6 million. Declaring an interest first, London Capital (like several other sensible enterprises) advertises on TomWinnifrith.com, I wonder if the market has over-reacted a tad. Net cash is, after all, £21.5 million (or was at 30th September). So is this a high risky buy? Or perhaps not.
Golden Prospect Precious Metals (GPPM) is an investment company which invests in gold and silver stocks. Its chairman is the industry guru Malcolm Burne and his statement with today’s interims is a must read for anyone interested in gold and gold stocks. The financials themselves are interesting but it is the statement from chairman Burne that is of most note. It gives you a clear steer on which gold stocks to buy and which to sell as the sector splits in two over the coming year. Let me explain
I tipped Jubilee Platinum (JLP) at 17.75p back in 2003. It zoomed ahead to 60p plus. It is now 8.75p valuing it at c£28 million. Is it worth hanging on? One can build a credible bull case but also a bear case as I consider below. I interrupted the holiday of chairman Colin Bird to discuss this and my conclusion follows at the end.
Shares in both Wessex Exploration (WSX) and Northern Petroleum (NOP) have moved ahead sharply in recent days. We all know why these AIM listed oil explorers are in demand. Drilling is underway of the Zaedyus well in Guyane. This might well be a monster and both companies have a 1.25% stake in it. But the respective valuations are now insane.
I need little reminding that I tipped AIM listed Minoan (MIN) at 87p back in January 2007. The shares are now 10.5p (even after some interesting news today). This has been a stinker but is now starting to come right and the shares really are very cheap indeed. And here is why.
AIM listed tech stock 1Spatial (SPA) has been a bit of a star recovery play over the past couple of months and an announcement of a potential new contract win today has lifted the stock ( 2p just a month or so ago) to 4.125p, valuing the business at £14.45 million. But there is far more to go for – my target price remains at least 8p and here is why.
AIM listed gold producer Shanta Gold (SHG) has announced that it will today raise a minimum $30 million (£18.6 million) via an institutional placing. An accelerated book build will take place today so we do not know the price but I reckon that it will be in the range of17-18p. Yes private investors are being screwed and the share price movement in the days leading up to today stinks like a mackerel’s rectum but the shares, at 17.125p valuing Shanta at £54 million) are still very attractive for the long term investor. Here is why
Northern Bear (NTBR), a UK building services group, is a most disappointing recommendation from my past. I first recommended the shares at 71.5p in December 2008 and though they have recovered a bit from lows of 8p earlier this year, they currently trade at 11.75p having been buffeted by fears about the company’s balance sheet and its operating environment. I can only apologise for what was a duff tip. In the following I take a renewed look at the investment case.
I first recommended AIM listed gold producer, Archipelago Resources (AR.) back in December 2004 at 27.5p on a website that I do not mention and few read anymore. After publishing some pretty impressive drill results today which indicate real upside possibilities at its 95% owned flagship Toka Tindung mine in Indonesia the shares are 63p. But I reckon that they are worth at least 95p (probably more) and here is why.
On 21st September I wrote: Theatrical agency Reach4Entertainment (R4E) has been one of my worst tips ever. 81p in 2007 – when the company was called First Artist has become 3.5p today. My former colleagues at a site I shall not mention decided to shoot the dog after interims on 12th September. Unlike them I have spoken to chairman David Stoller and I think they are wrong. News out today very much starts to vindicate the writer who could be bothered to speak to the company and having had a quick pizza again with Stoller 10 days ago I am more convinced than ever ( with the shares now at 4.75p) that this may be a speculative buy. Here’s why.
Shares in AIM listed satellite operator Avanti Communications (AVN) have slumped today by 62.75p to 286p after results for the year to June 30th 2012 were announced and were received poorly. Adding to Avanti’s misery bear raider Evil Knievil announced that he had gone short at 295p. He is wrong and this is a buying opportunity. I say this as someone who tipped the shares first at 116p in August 2004 and who has continually rated them as a buy at anything up to an all time high of almost £8. I still believe that the shares will in due course move sharply higher and my target price is £16.81. Here is why.
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