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Ethiopian Minister of Mines sacked – this is very good news for Kefi
The Ethiopian Minister of Mines, Takele Uma, was apparently sacked yesterday at a cabinet meeting. Rumours in Addis suggest that he stands accused of industrial scale corruption. Well knock me down with a feather.- By Tom Winnifrith |
- 15 January 2023, 11:18 |
Notes from Underground – Most read articles for the week ending 15 Jan 2023
The most-read non-quiz non-Tom article this week is by Gary Newman with Asiamet Resources has been a terrible investment for me so far, but I'm still hopeful that it could reach production in the end at No 10 or No 17 including Bearcasts.
- By Darren Atwater |
- 15 January 2023, 10:53 |
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Tom Winnifrith Bearcast: The point of speaking to Harry Adams and do I believe the Kefi boss?
I start with the NHS pissing money away on my lawn, then onto why I opt to speak to CEOs, gold and Kefi Gold & Copper (KEFI)- By Tom Winnifrith |
- 14 January 2023, 17:39 |
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The View From The Montana Log-Cabin As Gold Climbs Further
Gold closed the week at $1921, comfortably up on last week’s mark of $1866 and almost a whopping $300, or around 18%, up on the low point last September. It has been a straight line upwards since then, as shown on the chart, courtesy of Kitco.com.- By Nigel Somerville |
- 14 January 2023, 15:20 |
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Kefi Gold and Copper – awarded Saudi Arabia exploration licences, bigger news “shortly”?
Another day, another announcement from Kefi Gold & Copper (KEFI) – with this time boss Harry Adams “delighted” with the award of five further exploration licences in Saudi Arabia to the company’s 30%-owned joint venture. Is he sugaring the pill ahead of bad news in Ethiopia?- By Hotstockrockets |
- 14 January 2023, 11:50 |
Video: Are the Mining Stocks Starting to Gather Momentum?
Writer Craig Hemke, founder of TF Metals Report, says he expected a macro dip in 2022 but anticipated a faster recovery to a higher level than what transpired. The Fed hiked more than most expected as inflation got ahead of it, and the extent of the damage remains unknown.- By Tom Winnifrith |
- 14 January 2023, 11:39 |
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Halfords Group and a bit of fun for me (and my pension fund) next week
- By Chris Bailey of Financial Orbit |
- 14 January 2023, 11:25 |
Footsie's Creeping Up, but It May Not Last as Hefy Headwinds Hot Up.
Hello Share Speakers. Yes, I know the Footsie has been on a small roll so far this year. But I’m still reluctant to go back into shares. Though this week I did buy Lloyds Group (LLOY) because I’m not the only one who thinks banks have been forgotten by investors who should have realised that rising interest rates benefit the big four.
- By Malcolm Stacey |
- 14 January 2023, 08:00 |
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Tharisa – Q1 report, still a value Buy
Platinum group metals and chrome producer in South Africa, Tharisa (THS) has issued an update on its first quarter of the year, including news that mining volumes were impacted by rainfall not seen in the history of the Tharisa mine but that it maintains full-year production guidance of 175koz-185koz PGMs (6E) and 1.75Mt-1.85Mt chrome concentrates. So what of a current 97.5p share price?- By HotStockRockets |
- 13 January 2023, 16:25 |
Wincanton – “current year in line with market expectations”, but what about the outlook?
Logistics company Wincanton (WIN) has issued a “Q3 trading update” including emphasising “year-to-date, we have delivered encouraging revenue growth of 5.5% and the pipeline of new business opportunities continues to increase”. So what of a share price currently down 4% in response and the shares, now at 327.5p, down from above 370p as recently as November?- By Steve Moore |
- 13 January 2023, 16:10 |
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Tom Winnifrith Bearcast: Revolution Beauty's bosses should be in jail, if this is not massive fraud what is?
In today's podcast I discuss the naivete of the spider kisser over Coro Energy (CORO) but my main focus is on the fraud at Revolution Beauty (REVB). How on earth are Tom Allsworth and Adam Minto not heading for jail. And as for the shares....- By Tom Winnifrith |
- 13 January 2023, 15:56 |
Dialight – after stating in mid-December “trading expectations… remain unchanged” for 2022, what of now a profit warning?!
Previously writing on LED lighting for industrial applications company Dialight (DIA), in November with the shares at 305p I concluded including that there can be no great confidence in expectations for the full year remaining unchanged. On 14th December the company announced that Chair Karen Oliver was to “step down” at the end of the month but that its “trading expectations for the year ending 31 December 2022 remain unchanged”. So what of the shares currently down more than 16% today at 266p on the back of a “trading statement”?
- By Steve Moore |
- 13 January 2023, 14:19 |
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BREAKING EXPOSE: This looks a lot like Home REIT - a bear dossier on ICG-Longbow Senior Secured UK Property Debt Investments Limited, a LSE listed fund
This bear dossier on ICG-Longbow Senior Secured UK Property Debt Investments Limited (LBOW) a Guernsey domiciled, closed-ended, premium listed investment company on the London Stock Exchange has been passed to me for publication, I have edited it and I take full responsibility. This article goes out in my name. In many ways it looks a but like Home REIT (HOME)- By Tom Winnifrith |
- 13 January 2023, 13:26 |
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Coro Energy: The Sheriff of AIM vs The spider kisser Gary Newman, its ouzo for the Sheriff already
Back on December 8 2022, poisonous spider kisser Gary Newman tipped Coro Energy (CORO) at 0.31p HERE. I then explained why Garry should stick to snogging spiders as anyone tipping a James Parsons run company was bonkers. The shares are now just 0.24p mid and there is an RNS that the market is yet to digest. It is horrific.- By Tom Winnifrith, the Sheriff of AIM |
- 13 January 2023, 13:03 |
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Colin Bird you shameless old spoofer – time for Xtract shareholders to lube up, placing imminent
After decades as a penny share grifter, Colin Bird is a multi-millionaire. Unlike any of the other shareholders in the companies he manages. It is within that context that you should note a share purchase in Xtract Resources (XTR) announced today.- By Tom Winnifrith, the Sheriff of AIM |
- 13 January 2023, 11:37 |
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Don’t expect me to buy DFS Furniture shares (or a new sofa)
A couple of months ago, I was very downbeat (again) about the prospects for the shares of DFS Furniture (DFS) even with it describing itself as “the market leading retailer of living room and upholstered furniture in the United Kingdom”. Whilst the shares have nearly halved over the last year, as a bunch of people have realised they either cannot afford a new sofa and/or have better things to be doing with their money, the stock has pushed up over the last couple of months. What is going on?
- By Chris Bailey |
- 13 January 2023, 10:05 |
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Deep Dive Analysis of Supply@Me Capital – Cash crisis by April Fools Day
The fraud Supply@ME Capital Capital (SYME) has not issued a full year trading update, so we can safely assume there were no material new sales to boast about other than the first Inventory Monetisation transaction funded by VeChain which saw Euro 1.6 million of inventory monetised. At Supply’s claimed revenue percentage fee of 3% this is worth a tiny Euro 48,000 in revenue and almost certainly no profit on the trade at all.- By Tom Winnifrith |
- 13 January 2023, 09:33 |
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Gary Newman in the jungle caption contest, just 1 oz away from saying size is important
This is Gary holding a Butterfly Peacock Bass he caught while dodging poisonous spiders in the jungles of Suriname over Christmas. He claims it was just 1 oz shy of being the biggest ever caught. With a no prize on offer you are allowed to mention James Parsons in suggesting a suitable caption in the comments section below. Deadline midnight tonight.- By Tom Winnifrith |
- 13 January 2023, 08:20 |
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Tom Winnifrith Bearcast: Happy Birthday to Me, only NOT a pensioner now thanks to Steve O'Hara!
Yes its my birthday. Ahead of a cake made by the Mrs and a takeaway from what I am told is the finest Indian in Wrecsam, I discuss musicmagpie (MMAG) in depth, Argo Blockchain (ARB) en passant and Trustpilot (TRST) in depth.- By Tom Winnifrith |
- 12 January 2023, 16:22 |
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Distil – trading slump and further financials decline, management fooling themselves or trying to fool everyone else?
Previously writing on alcoholic drinks company Distil (DIS), in October as the falling shares saw the market cap down to below £6 million I cautioned still due to stated “opportunity for new growth” and “a new, highly effective distributor” having to be proven and amidst an admitted backdrop of macro uncertainty and cost pressures. The last closing market cap was just above £6 million… but then today a “trading update”.
- By Steve Moore |
- 12 January 2023, 14:45 |