As an IT geek turned mining entrepreneur, John Lee of Silver Elephant Mining is talking his own book here.  He argues that everything in life is  probability-based, including gold and silver, and much hinges on the dollar. The dollar has recently broken down, which is great for metals, but if it resumes its uptrend, that would be tamper silver expectations.

Once upon a time, there was only one CBD company listed in the UK, Zoetic (ZOE). It lied to investors, regulators and customers and was pumped by unscrupulous investors and PR veterans of the China fraud scams, and its rarity value and the lamentable failure of the woke dullards at the FCA to address all that lying saw the shares ramped to ludicrous levels. But now more CBD businesses are listing and that throws a spotlight on valuations. The clear read across implication is that Zoetic shares are going to crash.

Shameless Aussie penny share promoter David “Did I mention that Horse Hill is bigger than Saudi Arabia – Lenigas owns shed loads of shares in a tiny Aquis listed serial dog, Valereum Blockchain (VLRM), which has less than £300,000 cash and – as things stand – no actual revenues. par for the course with a Lenigas ramp.  His ramping on twitter is bad enough but he saves the worst excesses for a private Telegram chat room where he assumes, one suspects, that he will not be exposed. Wrong!

Hello, Share Seekers. As the Covid threat gradually eases on British shores, it’s reasonable to expect the building industry to spring back. The rising price of house builder shares bears that out. Which means companies that support home builders could also prosper. And that brings me to builders’ merchant Travis Perkins (TPK).

Schroder UK Public Private Trust (SUPP) – formerly Neil Woodford’s Patient Capital Trust (WPCT) has released its Annual Report for FY20 and the shocking write-downs are all too apparent, although no surprise to ShareProphets as we warned of this all along. The good news is that the gearing has been paid off and the company now finds itself with over 3% cash now that investee Kymab has been sold. But the red ink is everywhere, and led to another severe drop in NAV as write-down after write-down took their toll.

Writing on Mind Gym (MIND) a little over a year ago, with the shares at around 125p I concluded the impact in just a matter of weeks here sees me cautious on the shares at this juncture. On the watchlist as a potential future recovery play, but I currently avoid. Today a trading update emphasising “trading in the second half was stronger than expected”. What’s the detail?…

Iconic (ICON) is a Standard Listed company so unlike AIM listed companies which have to comply with AIM rule 26 to maintain an up-to-date company information website, many of the details on Iconic’s corporate website are shockingly out of date. In fact, if there is a prize for the most inaccurate PLC website, I nominate this one. Just for starters:

96% of you are yet to get your credit card out. I really do have a Dan Levi in his underpants picture and am not kidding about publishing so please do donate to Rogue Bloggers for Woodlarks now HERE. Then it is onto NFT Investments and NFT’s and the scandal I covered HERE.  I look at previous bubbles and try to put it into context. All those involved: the promoters Jonathan Bixby & Michael Edwards, scumbag broker Novum and Aquis should hang their heads in shame. They won’t. They are preparing to do it all over again and soon.

A trading update from recruitment and training group Staffline (STAF) emphasises “underlying operating profit increased 133% in Q1 2021 year-on-year… provides increased confidence in the full year”. How justified is a share price rise to around 75p?…

David Lenigas was unable to float his poxy related party spoof Lenigas Cuba on AIM or the Standard List as regulators objected to the way he awarded himself gazillions of founder shares at peanuts before raising money shortly after from mug punters at a vast premium.  There was no justification for the uplift, it was just greed, and even the AIM sewer and the FCA regulated (no sniggering at the back) Standard List have some standards. Luckily, Aquis has no standards and so Lenigas Cuba listed there. Of course it ended in tears. But that established that Aquis has no qualms about quite appalling greed. Take NFT Investments.

A trading update from infection prevention and contamination control products company Tristel (TSTL) includes “surface disinfectant product sales have continued to gain market share and UK sales for this product range to end of third quarter were £2.3m, 47% higher than in the same period last year” and “sales of our 13 overseas subsidiaries and to our international distributor network have increased by 7% over the comparable period last year”. So why are the shares, at 563p, currently approaching 16% down?…

Michael Oliver warns that the charts tell you that equity markets are topping and points out that the large leading stocks are waning in these indexes. This could be a sign of trouble and evidence of a gradual decline into a bear market. He discusses how bonds are usually inverse to equities, and they are watching for a counter-trend rally. If significant funds get nervous, they will move to treasury bonds and gold.

Hello PensionBee Group plc (PBEE), as ‘further to the announcement on 21 April 2021 in connection with its initial public offering, the Company announces that all of its issued share capital, consisting of 221,213,333 Shares, has today been admitted to trading on the High Growth Segment of the main market of London Stock Exchange’. Well done it, especially with a launch share price of 165p, a market cap of £365 million. I see unlike the excitement on day one of Deliveroo (ROO) – whose share price is still going down – at least PensionBee’s shares are 175 pence plus as it starts its listed market life. So what does the slightly unusually named PensionBee Group plc do?

Shares in Versarien (VRS) have been ramped, in as much as you can ramp a cash guzzling POS, on the back of its graphene enhanced face masks. But as I pointed out yesterday, there is, despite Ricketts’ misleading RNS claims, no scientific study on humans to show that they either stop one human transmitting covid to another but, worse still, there is no proof they do not harm wearers. It gets worse: there is evidence from a scientific study that they may well harm wearers which is why Spain, Ireland and Canada have already moved to ban and recall such products.

Hello Share Takers. You wouldn’t have thought it, but a Yorkshire company which sells music stuff has become a multi-bagger in the last few years. And much of the success seems due to the lockdowns. Simply, people have been trying to fill their unexpected spare hours by fulfilling lifetime ambitions to learn how to play a musical instrument.

Precious metals companies investor Golden Prospect Precious Metals (GPM) has announced its 2020 results emphasising that, with now a higher metal pricing environment, “the precious metal miners… look cheaper on a P/NAV basis than they did pre COVID” (explorers only constituting 11.2% of this fund). So an opportunity? You bet!

Back in early March, here, I talked about the fantastic performance of Entain (ENT) which was originally known as GVC.  The shares have really had a remarkable last year and – especially if you added back in the dog days of March-May last year – it has been a good ‘un.  After all, whilst we used to go to a betting shop, nowadays so much of the focus is on online sports betting and gaming, meaning ownership of Ladbrokes, Coral, BetMGM, Bwin, Sportingbet, Eurobet, partypoker, partycasino, Gala and Foxy Bingo gives you a bunch of different and successful franchises. 

The photos will come later (not of underpants). The walk is done but I paid the penalty of ignoring Dan’s golden rule. We have now raised more than £14,000 and as you think of my pain today, will the 96% of bearcast listeners who have yet to donate please do so here. Otherwise I will talk about Dan’s underpants again. In the rest of the podcast, I take issue with ex soccer player Andrew Johnson on tax and then look in detail at the claims made by Versarien (VRS) about its graphene enhanced face nappies and why they do not stack up at two levels and, as such, why there really should be a UK product recall.

Here is another piece of fake news from Alliance News: “Losses widen at BSF Enterprise but cash position strengthens”. This followed the release by sub-Standard Listed cash-shell BSF Enterprise (BSFA) of Interims to March 2020 – just over three weeks AFTER it released full year numbers to September 2020 (which were released a day late on April 1^st despite having been filed to Companies House on 4^th March. What sort of shambles is this?

Gold and gold shares continued the recent northward run this past week but hit the buffers as the yellow metal attempted to get over $1800 per oz to close the week at $1777 per oz – back where it started the week. Likewise, Silver ended up almost back where it started too, but did manage to post a very modest gain to close a faction over $26 per oz.