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Igas – mandatory bond buy-back after investment falls short
AIM-listed and over-indebted Igas Energy (IGAS) this morning announced that it is to conduct a mandatory redemption of $2.3 million of its secured bonds after investment in its conventional hydrocarbon assets fell short of the required $15 million last year by the aforesaid $2.3 million. It may seem that this is good news in that the company is being prudent, but I suspect that this is bad news on two fronts.
- By Nigel Somerville |
- 30 January 2017, 08:20 |
Brandon Hill says Vast disposal "an excellent deal"
Okay it is house broker so hardly partial but the disposal made by Vast Resources (VAST) and announced today can't be bad news can it? Over to broker Brandon Hill which writes:
- By Tom Winnifrith |
- 30 January 2017, 08:00 |
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PhotonStar LED – loss warning, product modifications needed & cash crunch ahoy as CEO claims “good progress”!?!
“James McKenzie, Chief Executive of PhotonStar (PSL), said: ‘In 2016, we made good progress in transitioning the group into becoming a retrofit connected lighting and building management business’”. Good, good. You what? The shares currently more than 15% lower, at sub 1p, in response to the announcement…
- By Steve Moore |
- 30 January 2017, 07:40 |
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Torotrak – from “significant increase in interest” to a now ‘materially reduced’ opportunity…
Previously writing on Torotrak (TRK), I concluded that the shares were a sell at 5p on the back of “Trading Statement” announcement which was actually a ‘commercialisation delay’. I now write with the shares, on the back of a “Strategic Update, Group Refocus” announcement, currently circa 45% lower today, at around 1p!...
- By Steve Moore |
- 30 January 2017, 04:28 |
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Euro to collapse within 18 months, EU as we know it to be swept away
The Euro could "collapse" within the next 18 months, the man tipped as the next US ambassador to Brussels has claimed, adding that he would "short" the EU single currency if he was an investor. Prof Ted Malloch, a former Oxford University professor now at University of Reading, added that the UK and US could cut a bilateral trade deal inside 90 days and that elections in Europe this year could sweep away the EU as we know it.
- By David Scott |
- 30 January 2017, 03:09 |
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Avocet Mining is a cracking short
I wrote a while back about Avocet (AVM), suggesting that the share price fluctuations, which were linked to the fortunes of 1392 ounces of gold seized by workers at its Inata mine in Burkina Faso, ignored the fact that the company was essentially insolvent.
- By Lucian Miers |
- 30 January 2017, 03:05 |
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African Potash Legal Update & Additional Request to shareholders
If you want to sell shares in the fraud African Potash (AFPO) now on the NEX lobster pot, you will now get 0.03p. So the shares are now more than 99% down from the peak. So what news on trying to sue the board or the advisers at Cantor Fitzgerald to get your cash back?
- By Tom Winnifrith, The Sheriff of AIM |
- 30 January 2017, 02:39 |
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Challenger Acquisitions: Surprise, surprise, Chiel Smits has had enough and takes his ball home
Another slow step towards the grisly end for Challenger Acquisitions (CHAL) this morning as, unable to pay its debts due to the Starneth guys, it “sold” the business back to them, leaving Challenger holding nothing but a few promises and hopes, although clearly it hasn’t been spun that way.
- By Cynical Bear |
- 30 January 2017, 02:22 |
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Cloudtag Inc – Post 2017 CES feedback – The Silence is deafening
On the LSE Asylum Cloudtag (CTAG) Board, some punters were excited that their new product, the Onitor has now finally received some reviews based on this website . What a joke, the site had a total review feedback of 9 user reviews and also states under market status about the product “Unreleased”. I put it to you that a review of a product not released has got to be "fake news" - you can't review something you cannot use.
- By Tom Winnifrith, The Sheriff of AIM |
- 30 January 2017, 02:10 |
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FRAUD Jiasen - ouzo time as Filthy Forty AIM departure #24 is booked, NED walks
Did it jump or was it pushed? ShareProphets AIM-China Filthy Forty posterboy Jiasen (JSI), one of the Fujian four, has announced this morning that it is proposing to delist from AIM and move instead to NEX (the lobster-pot formerly known as ISDX) - just when we thought that the race to AIM departure #24 from the Filthy Forty was down to a two-horse race between Asian Citrus (ACHL)and MoneySwap (SWAP). Jiasen also announced the departure of a NED with effect from the end of February.
- By Nigel Somerville & Tom Winnifrith |
- 30 January 2017, 01:25 |
Look At Our Great Wall of Shops to Benefit from the China Syndrome
Hello Share Pingers. For the last few years I’ve poured scorn on investing in most retail chains. This is because of the encroachment of on-line shopping. But I’ve changed my mind. For one thing the big retailers have built up blistering on-line operations of their own. They are putting up a strong front of competition to long-time on-line specialists like ASOS (ASC).
- By Malcolm Stacey |
- 30 January 2017, 01:08 |
December edition of the UK Investor Magazine - featuring 7 tips, what our writers want for Christmas, Interviews with Conroy Gold and ECR minerals and much more
The December edition of the UK Investor Show magazine is live featuring 7 tips, plus 5 our writers hope that they will find in their stocking. Interviews with Conroy Gold and ECR Minerals, the bonfire of the charities lots on Cloudtag, Advanced Onco and much more.
- By ShareProphets |
- 29 January 2017, 08:32 |
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Tom Winnifrith Bearcast - Why Worthington morons should report me to the official liquidator
There are two parts to this podcast. I start by explaining how a liquidation works with reference to the fraud Worthington (WRN). I know some of its shareholders are obsessing about this and reckon they should report me to the liquidator. Go ahead, we are already talking. Then I move onto a quite brilliant column by Luke Johnson about the myth that is the sharing new economy and specifically how it effects uber but also the media world with evil google and the bulletin boards in my sights
- By Tom Winnifrith |
- 29 January 2017, 08:31 |
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Optibiotix: Slimbiome deal with Boots on the cards?
Critics of Obtibiotix (OPTI) reckon that it is all jam tomorrow and it needs to announce big name deals which see real rollout of its products and commercialisation. Well how would a deal with Boots for its Slimbiome weight-loss drinks and snack bars do for starters?
- By Tom Winnifrith |
- 29 January 2017, 08:31 |
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Sell Greatland Gold
Greatland Gold (GGP) has been pursuing small - and almost certainly not economic - gold deposits in Tasmania since Adam was a boy. Every year it promises jam tomorrow, the shares are pumped up a bit and then it does a hugely discounted placing. Rinse & repeat. But suddenly it is the ramp de jour.
- By Tom Winnifrith |
- 29 January 2017, 08:14 |
Time To Grab the Commodity Bull Market By the Horns
Resource specialist Fund manager Frank Holmes argues that the gold and bond markets and have been driven by global uncertainty. Bond rates have begun to decline again which is bullish for the gold market. Holmes reckons forward looking industrial indicators are currently positive - they are predictive of future global economic demand. Holmes says this is a good sign, and may be the underlying reason why commodities have been rallying.
- By Tom Winnifrith |
- 29 January 2017, 07:58 |
Cluff is a good speculative oil and gas exploration play
The last couple of years have been a torrid time for those holding shares in small oil and gas exploration companies in general, with very few exceptions.
- By Gary Newman |
- 29 January 2017, 07:35 |
Union Jack - Wressle knockback, market over-reacts: buy
Union Jack (UJO) announced a couple of weeks ago that the planning committee at North Lincolnshire County Council had served up an adverse ruling in respect of the development of the Wressle Oil Field in North Lincolnshire licences PEDL180 and PEDL182. Union Jack holds an 11.67% stake in both licenses.
- By HotStockRockets |
- 29 January 2017, 06:46 |
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More terrible News for Aussie Poltroons Slater & Gordon - it can blame the Daily Mail
Oh dear, oh dear. just when you thought things could not get any worse for Aussie poltroons Slater & Gordon (SGH). They just have. And big time as the UK Government finally takes action against the most literal ambulance chasing lawyers and that means our pals S&G.
- By Tom Winnifrith |
- 29 January 2017, 06:42 |
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Notes from Underground: Ban in the USA
My apologies for the lateness of the UK's favourite website stats/sketch column but I was up late watching last night's comedy from the US, Let's Randomly Ban Muslims!.
- By Fake News loving liberal hypocrite Darren Atwater |
- 29 January 2017, 04:39 |