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Latest News

Bearcast
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Tom Winnifrith Bearcast:I apologise to you all re Kefi, Laying Nikki Haley & Michelle Obama, buying The Donald

Prompted by this piece on my own website, I discuss betting on the US General Election, then it is onto Kefi Gold & Copper (KEFI), Vast Resources (VAST), Argo Blockchain (ARB), Harland & Wolff (HARL) and BSF Enterprises (BSFA).
Gold

Video: What is the Catalyst for Gold Miners to Finally Perform?

New York Times bestselling author, CNBC contributor, and Political Risk Expert Larry McDonald reckons that, at long last, the mining stocks are ready to rock and roll. 
TMO
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Time Out Group – interims, is loss-making and a net current liabilities position really a “company well positioned for sustained growth”?!

Describing itself as a “global media and hospitality business”, Time Out Group (TMO) has announced results for its half-year ended 31st December 2023 headlined “Strong growth in adjusted EBITDA driven by improved margins and performance across both Media and Markets. Company well positioned for sustained growth”. What of that and a 54p share price still well down (natch, for a Woodford “investment”) from a 2016 150p listing price?
PFC
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Petrofac: talk is cheap, its shares are anything but

At 23.7p Petrofac (PFC) is still capitalized at £124 million. Those who followed shorting advice from myself and Evil Banksta are well ahead but there is far more to come. Today we have news of talks. Talk is cheap. These shares are anything but.
ARB
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Argo Blockchain sells more family silver: whatever the bitcoin price Argo cannot generate cash

As I keep on reminding folks, whatever the bitcoin price Argo Blockchain (ARB) seems utterly unable to generate cash. Just look at what has happened since December 31 2023, nine weeks when bitcoin has surged and my pal Dominic Frisby tweets about that surge like a demon possessed. So Argo would be generating cash right? Er….no,
XPP
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XP Power – 2023 results, how much “progress” really?…

Considering itself “one of the world's leading developers and manufacturers of critical power control solutions for the Industrial Technology, Healthcare and Semiconductor Manufacturing Equipment sectors”, XP Power (XPP) has announced its results for the 2023 calendar year with the headline “Strategic progress in a challenging year”. With the shares currently at 1040p, how does the “progress” look?
TERN
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Tern: InVMA goes tits up, another £222,624 goes to money heaven, next placing needed within 8 weeks

Over the years Tern (TERN) has invested a well into seven figures sum in InVMA Limited, which trades as KonektioTM. But before Christmas, facing its own cash crisis, Tern passed on the most recent round of bailout refinancing and thus saw its shareholding diluted from 35% to just 8.8% with a written down book value of £222,624. With hindsight that was the first, and indeed only, good call Tern made on Konektio.
KEFI
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Kefi placing & a Primary Bid offer you really should take up at 0.6p. FYB

Kefi Gold & Copper (KEFI) was in talks with a financier to tide it over until the bank funding for Tulu Kapi arrived but time pressed on and so, after hours there is an RNS. There is a placing and a Primary Bid offer to raise up to £6 million at 0.6p, the shares closed at 0.78p. After then there should be no more dilution at a PLC level and the shares do look very cheap so take up that offer TONIGHT at Primary Bid, registering HERE.
DKE
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Dukemount Capital – having claimed in January it had ‘taken steps to ensure its financial position and prospects’, it’s now gargantuan dilution!

In January-announced results for its year ended 30th September 2023 Dukemount Capital (DKE) stated changed London Stock Exchange “standard list” requirements meant it having had to sell its previous sub-scale green shite business, but argued that “the board has… taken steps through restructuring the company's funding routes, to ensure that the financial position and prospects of the company are maintained to facilitate a future reverse transaction”. Auditors Royce Peeling Green though noted “Material uncertainty related to going concern”… and there is now a “Capitalisation of Loan, Issue of Equity & Warrants”-titled announcement sending the shares currently down 44% to 0.14p!
Bearcast
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Tom Winnifrith Bearcast: Oi Andrew Bell it's time to ask Dave Lenigas for our cash back!

In today's Bearcast I look in detail at lessons from the Rosslyn Data (RDT) scandal, I cover Uru Metals (URU), Versarien (VRS), ICG Longbow (LBOW), Ben's Creek (BEN) , surely a zero, Dispensa (DISP) and Red Rock Resources (RRR). I remind you to register HERE with Primary Bid just in case. 
RDT
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Minus 99.2% since IPO, the price you pay for a deceptive prospectus prepared by Cenkos, now Cavendish

Rossyln Data (RDT) was a Cenkos Securities special as an IPO. Neglecting to mention that the key men in sales and product development had jumped ship months before the IPO to start up a competitor was, with a massive error and Cenkos should have been panned by the regulators. It was not and it does not care! A decade after the IPO investors have lost 99.2% (adjusting for a fifty for one consolidation) but Cenkos, now Cavendish, is still there banking its Nomad retainer and commission on numerous bailout placings, so bringing in stacks of coke and hookers money. Today there is yet another warning.
JWNG
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Jaywing – “the lenders remain extremely supportive”. Er, do they really?…

“Marketing and data science business specialising in integrated marketing and risk and data consulting”, Jaywing (JWNG) has made a “Trading update, Loan Facility and Strategic Review”-titled announcement and the shares have currently responded up to 3.55p. However, a strategic review tends to mean current difficulties and a company not knowing what to do about them, so what’s the story here?
URU
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When you owe someone £5 you are in trouble, if you owe them £500,000 they are in trouble: Uru Metals

As Nigel Somerville has reminded you numerous times John Zorbas run (a red flag in itself) Uru Metals (URU) is utterly worthless and shares in the company have collapsed from more than five quid to just 50p as the Deputy Sheriff has posted his numerous warnings. Today we have another RNS signed off by disgraced Nomad SP Angel which makes no sense at all.
RTOP
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Regtech confirms Zamboni not paying so technically insolvent, warns revenues collapsed in 2023

The fraud Regtech Open Platform (RTOP), floated at 100p last August but whose shares now trade at just 4p has served up a dog’s dinner of a trading statement and a tacit admission that it is technically insolvent. In the days of old when regulators gave a FF these shares would have been suspended pending clarification.
SED
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GOTCHA: the Fat Lady to gig at Saietta Group

Just over a week ago, though admitting should it not have made refinancing progress by the end of the next week that it may need to commence planning for an administration, it was also stated from Saietta Group (SED) that “the board continues to believe in the quality of Saietta's products and the compelling market opportunity and accordingly remains hopeful that a solvent solution for the company can be found”. I noted, though, would an interested party not just wait for the administration and do a deal from there?, and concluded that hopefully my warnings from as far back as last summer here were heeded. Today “Intention to Appoint Administrators”

Gold
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The View From The Montana Log-Cabin: Has The Big Gold Yawn Just Ended?

Gold closed the week at $2,082 – a good increase on the boring stalemate at $2,035 last week. Is it time to wake up yet, or is this another false dawn?
Tom
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Sharestock 2024 it's 7th September at the Welsh Hovel & Matt Earl, the Dark Destroyer, almost completes the speaker line up at the Welsh Hovel, book your seat today!

If you have attended for either of the past two years you know what fun it is. My plan is to do at least two more years but we shall see. There are so many variables in life. Anyhow we are all set for 2024 and the date is fixed at Saturday 7th September. We now have a nearly complete speaker line up and it is top notch!
Bearcast
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Tom Winnifrith Bearcast: Feeling Guilty about Food and no saying sell does not make me a wealth destroyer

I discuss feelings of guilt towards food after yesterday. And how I am trying to deal with that today. Then, I am afraid, it is back to Skinbiotherapeutics (SBTX) and Optibiotix (OPTI) and the mad idea of the attack gerbils that I am actively engaged in wealth destruction.
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