Sefton (SER) has today announced that its June output in Kansas reached 500 barrels. That is up from 450 in May. That sounds good but I suggest that you do the maths because when you do you will realise just how dire this performance is.
Shares in AIM Cesspit listed Silverdell (SID) have been suspended this morning with the company stating: Silverdell has requested a suspension of its shares from trading pending clarification of the Group's financial position. Further announcements will be made as and when appropriate. You think the company is bust right? Well it may well not be but this story is a total scandal as I shall reveal now. If the AIM Regulation team gives a flying xxxx about maintaining an orderly market it will throw the book at Silverdell’s management team.
I have now established fully what has gone on and can exclusively reveal all.
AIM listed Amara Mining (AMA) is the today’s entrant in the “fantasy world of feasibility studies” with an absolute corker relating to its Baomahun project in Sierra Leone. This is beyond a joke.
Jeremy Martin, CEO of Horizonte Minerals, speaks at the UK Investor Show 2013.
Are you looking for a way to play continuing longer term world economic recovery and continuing growth? Here is Vesuvius (VSVS) to consider at 377p, on a high dividend yield, strong balance sheet asset backing and a planned improvement in operating margins.
AIM-listed, South Africa-focused precious metals producer Pan African Resources (PAF) has announced the successful commissioning of, and first gold pour from, a tailings retreatment project at its Barberton mines. Will this halt the share slide?
Madagascar Oil (MOIL) has today confirmed a raft of board changes. We kind of knew these were happening anyway – it was part of the deal for the semi-emergency refinancing agreed earlier this year. Will that be enough to amend the 18 month downtrend in the shares which closed today up 10% at 10.5p valuing the company at £61 million?
Shares in AIM Cesspit listed Verdes Management (VMP) were suspended today at 0.55p because the company had failed to publish its half year report on time. This begs all sorts of questions especially as this company has a track record of putting out statements about its financing which turn out to play fast and loose with, what you and I might term, the truth.
But in light of the latest developments I ask just three questions:
Roger Bade the mining analyst at Whitman Howard has called both metals prices and the mining sector very accurately. That is to say he has been bearish. And in his quarterly review he remains bearish. Those tempted to bottom fish might want to have a quick look at his report out today before getting too enthusiastic.
Fox Marble has signed an offtake agreement to supply cut and polished to marble to Pisani Plc one of the leading wholesale suppliers of marble in the UK. According to a note published by research analyst Mark Heyhoe of Fox Davies this is “great news” for the AIM listed Kosovan marble quarry firm.
N+1 Singer has initiated its coverage of AIM listed tech play 1Spatial (SPA) today on the back of results. It claims that that the company is entering an exciting phase of its history and reckons that the shares ( now 7.25p) are worth 11.3p.
Bullabulling Gold (BLG) is running out of money fast. It needs to raise cash well before Christmas or it is toast. As such it is now issuing upbeat RNS statements to try to get private investors to buy stock to drive the share price up so that institutions come in (at a huge discount) later. And so we have today’s statement offering revised economics for its project at Bullabullabullshit in the land of high culture that is Australia.
Earlier this year an undercover reporter from the Ukraine Post applied for a job with Cupid (CUP) and she claimed that she was told that she would be paid on a freelance basis to pretend to be a dolly bird interested in dating ugly Western men in order to get them to pony up for a Cupid paid for service. Cupid denied the charge but commissioned an independent review by KPMG to investigate and today it has published its findings.
Now if you really wanted to find out about the charges levelled by Svitlana Tuchynska who is the first person you would contact?
My financial video postcard this week looks at the small resources stocks. It explains why there traditional sources of funding have been cut off and asks how many of them are actually already at a near zero real cash position and asks why they cannot be more transparent about it.
I met up with Symphony (SYM) boss Michael Laurier the other day after what has been a hard year for us both. I admit that this is one that I have called wrong before. A couple of profits warnings do not leave me looking that smart. However the tide may be turning. This is a very interesting recovery play. The most recent trading statement gives real hope.
Zak Mir looks at three of the most compelling charting plays amongst the AIM stocks - GVC Holdings, IGas and Sirius Minerals
If a company does not pay a bill then ultimately the easiest way to force its hand is to seek a County Court Judgement (CCJ) against it. The process costs £20 to kick off and is simple enough. Once you get a judgement you can if you need to send in the bailiffs to recover goods equivalent to what you are owed plus costs. And there are 194 listed UK companies with CCJ’s outstanding and I can reveal who they are…
Indus Gas is not quite the stock that got away, but it is not that far off such a label given that this is the first time that I have looked at the shares on a charting basis.
Firstly I have to hold my hands up on Zanaga (ZIOC) as I offered up a speculative buy at 18p on 11th April. The shares are now 11.25p. Although my belief in the company has not changed clearly sentiment towards Zanaga and small cap resource stocks has been truly dire.
“Disruptive” seems to be the mot-du-jour. We have seen technologies arise that have been “game-changers” (another phrase that is equally as facile). However these technologies provide both opportunities and threats to investors.
Following complaints from shamed share ramper Roger Lawson, ADVFN has insisted on a raft of new editorial controls on OneFreeShareTip.com. I did not re-start my life five years ago to be told what I could or could not write. I said no and ADVFN boss Clem Chambers has just said that the website will be shut down. So...our hand is forced ... Welcome to fivefreesharetips.com - we hope you join NOW HERE.
As seen here, Telit's (TCM) distributers are a, um, diverse lot, including a distributer in Vietnam that appears to be a scooter courier firm. Which is nice, and thank you for sponsoring this week's Bulletin Board Moron search.
The failure of the LSE to insist that hapless Nomad FinnCap forces Telit (TCM) to bring in a firm like KPMG to conduct a full forensic review will hurt it even more when this company goes tits up as I noted in a letter to Stock Exchange boss Donald Brydon earlier today HERE. Two sources tell me that the FBI may have bad news for the Boston fraudster Oozi Cats and his Mrs as I explain in this podcast. But the meat of the podcast is explaining why Telit will go tits up and why that could be within six weeks. Enjoy.
You may remember that at the last AGM of the London Stock Exchange (LSE) its chairman,, Donald Brydon CBE, 'fessed up to being a ShareProphets reader and as we chatted afterwards he came over as a thoroughly decent man. But he has, yet again, been failed by his minions in their handling of the biggest AIM fraud of the year, so far, Telit (TCM). Lowly gofers such as the head of AIM Regulation, the fake Sheriff Mr Marcus Stuttad, have allowed Telit to avoid any independent scrutiny of its accounts & business practices despite clear evidence of fraud. That has to change and maybe Brydon will push for that. I have sent him a letter.
If you read the bent, freebie is our middle name, personal financie columnists in the deadwood press, fund manager Neil Woodford walks on water. I disagree and have noted before, that, maybe, after three dismal years, others are starting to see the light. But, with assistance from a leading broker, how about we have a real look at the Woodford Patient Capital Trust (WPCT) but also at the sort of dogs Neil ifalls in love with.
VSA is house broker to Obtala (OBT) so is not impartial. Neither am I as we own a small number of shares following a Dragon's Den pitch as the 2017 UK Investor Show. But the price target suggests real upside and VSA's research team is well regarded and since we happily published an uber-negative piece from Evil Banksta the other day, this offers some balance. VSA has tweaked its forecasts
You may remember that ShareProphets poster Drunken Sailor and I were co-defendants in a libel case a couple of years ago ( which we won). Mr sailor is not a drunk and he is a great sleuth when he wants to be. My pressing concerns about uber ramped Bushveld Minerals (BMN) are its balance sheet, but DS has unearthed another major issue which, for some reason, Bushveld has not covered in an RNS. Perhaps it might do so now? Drunken's post merits a wider audience:
Like Richard Poulden, CEO of PCG Entertainment (PCGE), I have a bit of time for Brian Kinane at Riverfort. As someone who believes in transparency and clear communication, my view is that Brian is trying to bring some of that to the world of small cap funding, particularly where the dreaded phrase “ death spiral” is concerned and there’s a few points here to be applauded. It still doesn’t prevent the obvious question being aimed at Mr Poulden though – WHY RAISE MORE FUNDS NOW?
Some folks think that handing out share options to senior staff is a cost free exercise and b) benefits all shareholders as it incentivizes the board and also aligns their interests with those of stockholders. Bollocks on all counts.
Following the postponement of a significant contract announced at the end of last month, SRT Marine Systems (SRT) has now announced an “AIS Aids to Navigation Contract”, including that “the order is for the world's biggest single deployment of AIS AtoN”. The world's biggest hey, sounds impressive!…
Having reached more than 75p in May, shares in information management technology and services company Idox (IDOX) declined below 60p early last month before recovering above 65p - then declining towards 60p again. The company is now “pleased to announce that it has acquired… Halarose, a supplier of electoral back office software and services to UK local authorities, for £5.0 million, comprising £3.5 million in cash and £1.5 million in shares” (at 61.5p)…
Hello Share Grafters. The congestion in most of our airports will give you the heads-up that air travel is booming. It will continue to do so, especially as more people from developing countries become middle class. But you may still be wary of big airlines.
After a stack of RNSs earlier this year, it has all gone quiet at AIM-listed Advanced Oncotherapy (AVO) since the announcement of the termination of the Bracknor death-spiral. How’s the cash position?
Drilling services company Capital Drilling (CAPD) has announced results for the first half of 2017, including that an initial uplift in activity has broadened with an improving outlook in industrial metals and capital markets activities support. Why then are the shares further lower, below 40p, having been above 60p earlier this year?...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
Previously writing on System1 Group (SYS1), then named BrainJuicer Group, as the shares slid below 700p I concluded there still, despite self-admitted “limited revenue visibility”, a clear lack of a Benjamin Graham ‘margin of safety’ (”for absorbing the effect of miscalculations or worse than average luck” e.g. an earnings miss or negative change in stock market sentiment) and I thus continued to avoid. The shares have though recently been above 800p… until a “Trading Update” announcement today…
In the piss poor results for the six months to 30 June 2017, Telit (TCM) highlighted that it had purchased GainSpan and provided the following rather limited commentary on its contribution to the interim results:
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