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VDTK
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Letter to FCA & AIM Regulation: Verditek just how many lies told?

Enough is enough. Two weeks ago, an article HERE forced Verditek (VDTK) to admit on August 12 2020 that the two big contract wins announced in 2019 had not gone through but it had raised money without telling investors of these massive setbacks. On Friday, I showed that it had actively misled investors ahead of placings in September 2019 and March 2020. Enough is enough. How many more lies have been told? I have written to the FCA & AIM Regulation asking for the shares to be suspended pending a full investigation into the company, its directors, and Nomad WH Ireland which, at best, has been asleep at the wheel.

Professor

Sunday Long Reads: Corporate Kidnapping, Google loses, Hurting our Pets, Death Contest, Wrecking News

Here are five long reads that have nothing to do with shares. Put the kettle on, find a comfy chair. You have the time, don’t you? 

Professor

The ShareProphets Sunday Pub Quiz #50

Fifty? We’ve done fifty pub quizzes? Well, you still don’t get a prize. This has nothing to do with shares or investing or anything. It’s the end of the weekend and we’ve organised a quick pub quiz. Grab your own beer, there are no prizes, and for Pete’s sake, no Googling! Only I get to do that. If you are so inclined, please enter your score in the comments. The highest score still won’t get a prize.

Bear

Five Slam-dunk Sells for 2020 – August update

My curate’s egg of slam-dunk sells for 2020 continues its strange performance. On the one hand, Walcom (WALG) has disappeared from view – a zero – and on the other we have two total POS at silly prices because the market is, in my view, just totally mad.

Top-10

Notes from Underground - Most read articles for the week ending 15 August 2020

The most read non-Tom article this week is View from the Montana Log Cabin – Am I worried about gold and gold shares ? No, time to get the buying boots out! by Nigel Somerville is at an astonishing number or number six including Bearcasts and Tom’s new shareshow.

Bearcast
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Tom Winnifrith Bearcast: At last Warren Buffett has listened to Chris Bailey, Nigel Somerville & myself

I start with a few thoughts on the possibility that Greece might be added to the UK’s Covid red list – feck you Boris you utter clown and here’s why. Then I see that old Warren Buffett has finally seen the light on gold and I have a few thoughts on that. Then a bullcast on why Jubilee Metals (JLP) has crossed in inflexion point and is now such a perfect investment.

  • 15 August 2020, 17:10 |
Gold
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Gold – the Montana Log-Cabin welcomes a visit from Warren Buffett

If you thought the gold bull market was over, think again for Warren Buffett has joined the party. ShareProphets fave Jordan Roy-Byrne of TheDailyGold.com picked up a regulatory holdings announcement that Berkshire Hathaway is now the proud owner of 1.2% of Barrick Gold, and that David Einhorn’s Greenlight Capital has been piling into the GDX ETF.

Gold
premium content

Has the gold bubble burst?

On 24th July I asked, in this column, if the gold market and shares in gold companies were a bubble. My conclusion was that, although there were signs of froth, there was no bubble yet.

JLP
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Jubilee Metals – follows Zambia copper agreement with South Africa chrome moves... price target increased

“Chrome Operations Update” from Jubilee Metals (JLP) including of “a third party Run-Of-Mine chrome ore offtake agreement that fully commits its Windsor chrome beneficiation plant for the next three years, with an option for this to be extended further” and “entered into a joint venture agreement with a privately held South African company  to secure the rights to a further 35 000 tonnes per month chrome processing capacity”

KETL

Table of shorted AIM shares - week to 14/08/2020

From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…

IQE

Here are Some of the 'Right Sort of Share' to Consider Buying Now.

Hello Share Scrappers. Do you view the battered trade and foreign tourist industries as a buying opportunity?  Doesn’t every battered sector usually come back up? And though the rule can’t be applied to every company, it’s often the case that after a disaster comes a bounce. However, I tended to avoid travel companies before the pandemic. And I certainly will now. The current French fiasco is only the start of travel restrictions yet to come. So where should we put our money now?

Madness

Leisure sector blundering Boris impact update...

I wrote on leisure sector blundering Boris impact a couple of weeks ago, concluding on cinema group Everyman Media (EMAN) at least a number of its venues are open and on it, and with in England bowling alleys, for example, to remain shut, on Hollywood Bowl (BOWL), that I continued to avoid. Now though further relaxation of restrictions are set to go ahead tomorrow..

Bearcast
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Tom Winnifrith Bearcast: the Mrs tries to drag me to the worst corner of my hell on Christmas Eve

I start by explaining what an awful day I have had and why. Can’t I just sit in the pool at the Greek Hovel with Joshua and relax? Then it is onto two companies run by Tory Grandees: Verditek (VDTK) and Westminster (WSG). Then a third bunch of scumbags, Novum Securities. Finally a warning about Reach4Entertainment (R4E). That is it from me… now the pool and the start of a weekend celebrating the assumption of the Virgin Mary. 

QUIZ

Quiz plc – emphasises “Extension to banking facilities”… but it ain’t for long!...

An “Extension to banking facilities” announcement from fashion retailer Quiz plc (QUIZ) – and the shares have currently responded to 7p, approaching 13% higher…

VDTK
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ANOTHER DEVASTATING WINNLEAKS EXPOSE: Verditek LIES to investors AGAIN in a 2nd placing - this time it's Project Star

Earlier today, I published an email showing that Verditek (VDTK) had, via its brokers, lied to investors as it tried to raise money in a placing in February/March 2020. Okay, to lie to investors once is bad enough but what if it has lied before? Might that suggest that there may be more lies out there and that the shares should be suspended while the FCA and the Oxymorons at AIM Regulation have a serious butchers? Well, as it happens, thanks to Winnileaks, I can now show below that Verditek also lied to investors as it raised money in late September 2019. Oops, two placings, two sets of lying… I sense a pattern here.

XTR
premium content

Xtract Resources – “Manica Alluvial Gold and Corporate Update”, remains a buy?...

“Manica Alluvial Gold & Corporate Update” from Xtract Resources (XTR)…

VDTK
premium content

DEVASTATING WINNILEAKS EXPOSE: Verditek and Project Black – proof of active lying to investors ahead of a placing

Last week I exposed how Verditek (VDTK) had misled investors in three placings by NOT informing them that previously announced contracts had not gone ahead and on Tuesday the company fessed up to this. But misleading by omission ahead of a placing is one thing. Actively lying is far worse and thanks to Winnileaks I can now demonstrate that Verditek has done that not once but at least twice.

GLR

Galileo Resources – Kalahari Copper Belt exploration here goes...

Galileo Resources (GLR) is “pleased to announce the commencement of exploration activities on Kalahari Copper Belt tenures PL40/2018 and PL39/2018… aimed at defining targets for initial drill testing”…

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