Previously updating on Bluebird Merchant Ventures (BMV) we’ve noted confidence that funding to take it to gold production would be concluded… and now an update including that the company “is pleased to report that the South Korean company has successfully completed its due diligence and has advanced to the point at which financing terms will be confirmed shortly”...

We are now at almost 33% of the way to our Rogue Bloggers (well just me) for Woodlarks target. Today I do 11 laps of the fields here in a training walk, so please donate ahead of that ordeal HERE. In the podcast I discuss Gervais Williams, Avacta (AVCT), Novacyt (NCYT), Supply@ME Capital (SYME), Amur Minerals (AMC) and Fox Marble (FOX), with whom I am very cross indeed. I also look at British Land (BLND) which I inadvertently refer to as Land Securities (LAND) in the podcast and commercial property in general.

As regular ShareProphets readers will know, AIM-listed oil explorer Providence Resources (PVR) somewhat blotted its copy book last year when a long promised and re-promised investment failed to materialise, leaving the company in financial dire straits – and CEO Tony O’Reilly eventually walked the plank. Surely it is not happening again?

I have already shown that there are more red flags at uber dog Iconic (ICON) than in Moscow on May Day. But after taking a further review of the Prospectus issued on 25 March 2020 and recent RNS announcements I note four more for the collection. Whatever is Tory MP Damian Collins doing getting mixed up in this shit show?.

‘Image capture and content’ products designer and manufacturer Vitec Group (VTC) has updated including “all of our manufacturing sites are now operational”, “trading conditions in May are starting to improve… firmly believe that Vitec's end markets will recover well once the crisis is over as the demand for original content continues to grow” and “Vitec has a robust financial position with liquidity, long-term financing and short-term flexibility”. The shares have currently responded more than 3% higher to 650p, though still comparing to more than 1000p in February...

Investor Chris Temple argues that in the late 70s and early 80s, the dollar was inversely correlated with gold, and the markets reflected the real economy. Today, everything is inverted, but a lot of investors and experts still have the old out-of-date mindset.

I have noted many times before that SP Angel is so utterly desperate for clients to fund the coke and hookers bills that it will act for any corporate even a brazen fraud like MySquar (MYSQ). It is morally bankrupt and, without doubt, London's worst Nomad. As such with WH Ireland having quit as Nomad to Eurasia Mining (EUA) over the lying and other matters there was only one Nomad to go to, only one that would act for a company like this.

According to my pocket calculator, British Land (BLND) is sitting at just under a 45% discount to NAV. That is better than the dog days of mid-March but still reflects a sharp discount expansion from the start of the year or versus longer-term norms. No surprises there, but it would like to tell you that today's full year numbers (to the end of March) are naturally a game of two periods, pre the pandemic and post the start of the pandemic…but I think the evidence is somewhat different...

This is the final part of a three part series looking at Supply@ME Capital (SYME).  In yesterday's article I wrote, in reference to the claimed balance sheet treatment of Supply@ME's product, that "I'm very sceptical of this claim and don't believe that it can be true".  It's only right that I justify the use of those words. 

The economic low tide of Covid-19 has shown many businesses to be naked below the waist, with insufficient equity to protect their sensitive parts. It is a good moment to consider why so many firms run this risk, and if a change in government policy might be in order. I believe that it is.

Hello, Share Fielders. A few weeks ago, Uncle Tom did the sums and pronounced that the valuation of Avacta (AVCT) after some spectacular share rises was ‘bonkers.’ If it was bonkers then, it must be mega-bonkers now as the price has risen relentlessly whether the action is justified or not and is now above 200p. When I first commended it to your researches it was less than 20p, but can this potential bubble stay unpricked for a bit longer?...

First of all i hope you listen to the first of my now weekly long premium video podcasts which went out late last night HERE. It was a lot of work recording as I explain in this bearcast. It also gives background on my thinking on Covid-19 and that brings me to Novacyt (NCYT) which has company specific issues which will blow it up as I explain in yesterday's show and Open Orphan (ORPH) which is very well run and a great company but where I have sold my last shares. I explain why. I also look at Asiamet (ARS), Bluebird Merchant Ventures (BMV), 4D Pharma (DDDD) and Big Dish (DISH). Finally if you have yet to donate to Rogue Bloggers for Woodlarks , the great day looms and we are now at 31% so please donate HERE 

Previously writing on Revolution Bars (RBG) I was cautious as it argued “another step closer to being well-positioned to emerge from this crisis”. It now updates arguing “decisive action will enable us to emerge from this crisis in a financially stable position”...

Ouch. This is a compelling read from Matt Earl and his Shadowfall company which is short of Boohoo.com (BOO) and makes a very compelling case indeed as to why the shares are overvalued. The dossier is below , in full.

Tom Winnifrith writes: I am a shareholder so feel free to ignore all of what follows. If you really want to understand why I bought Xtract (XTR) listen and watch the audio and video interview out late last night with Colin Bird HERE. But if you can't afford 99p this is a tip we produced 11 days agyipping the shares at a 1p offer. They are now 1.5p-1.6p.

In December 2015 I published an explosive dossier which showed that AIM listed InternetQ (INTQ) was a fraud, clearly fabricating its user numbers in its Akazoo operation. This was an operation that top fund manager Martin Hughes hads invested in firstly PA and then via the funds managed at Tosca.  InternetQ denied my claims but brought in no independent investigators, instead in a deal bankrolled by Tosca the company went private in early 2016. No scandal. It was all covered up.

One of the earliest lessons I learnt as a neophyte investor too many years ago to remember is that correlation does not imply causality. The above headline is a good example of this. Both events have happened today and both are worthy of some comment, but I suggest the linkage between the two is nebulous at best...

AIM listed POS Bidstack (BIDS) ended 2019 with £3.1 million cash but burning it at a rate of almost £750,000 a month. It has already admitted that its revenues in H1 2010 will be as they were in GH2 2019 minimal. Even its lame paid for researcher admits that it will be out of cash by the end of May. Well chaps, it is now May 26. You have 4 days…

In yesterday's new video show I explained why Novacyt (NCYT) shares were 90% overvalued and presented damning new evidence of the management ramp. Yet immediately a raft of twitter fools - who clearly do not listen to what I have repeatedly said about this stock  - accused me of a volte face? And one particularly deranged individual showed "evidence" of me ramping the stock on May 18. Hang on Henry! This is market abuse. It's personation. It's fraud.