The elf in charge of free books for Christmas (Darren) leaves for the internet free wilds of Canada on Monday and so our free book offer closes on Sunday at midnight. As it happens we have just a few copies of books by Evil Knievil and Tom Winnifrith left to give away. So your time is limited.
Amara Mining (AMA) has announced an updated NI 43-101 compliant Mineral Resource estimate for its Yaoure gold project in Côte d'Ivoire – which represents a 71% increase in the company’s overall mineral resources; to 3.7 million ounces ‘Measured and Indicated’ and 6.4 million ounces ‘Inferred’.
Infill seismic survey at the Ruvuma natural gas acreage, onshore Tanzania, is set to finalise locations for new exploration drilling and accelerate commercial development.
Hello Share Shoppers: What have your friends and relatives been getting their spoilt children for Christmas? Buy some shares in the companies which make or flog these current favourites.
I updated bearishly a couple of days ago (see HERE) on FTSE-250 provider of printing technologies, Domino Printing Sciences (DNO) in a piece ahead of its results for the 12 months ended 31st October 2013. The following updates after the release of those results.
I got a call this morning from the Head of Sales at Northland Capital employer of the uber-foxy Alice Lane. Apparently we had used her photo in error in an article about something else. I took that down. But it gets worse.
We had 250 free copies of my Amazon listed book (normal price £10.25) on offer for free. All bar a couple of dozen are now gone. So if you fancy picking up a free copy of “The 49 Golden Rules for Making Money from Shares” …HURRY UP!
Shares in specialist engineering services provider Kentz (KENZ) have dropped back somewhat since initially surging at the start of the week on news of a proposed $435 million (£266.5 million) acquisition of the field solutions business of Valerus. The following updates on further reaction to the prospective deal.
Today I turn your attention to two African plays. On one hand we have Paragon Diamonds (PRG), a diamonds exploration company in Lesotho which is that little country swallowed up by South Africa.
Since the early summer, I’ve been following the Baltic Dry Index (BDI) closely. Tracking twenty three of the world’s busiest shipping routes, the BDI is one of the purest indicators of genuine economic activity out there. It has acted as a superb leading indicator for the general mining sector over the years and I’ve been watching for any sign of a turnaround, as a precursor for getting back into these battered stocks.
Following today’s trading update from Minoan (MIN) commissioned researcher Equity Development has published an upbeat note on the shares which now trade at 10.25p valuing Minoan at £16 million. I underline a couple of key points.
Adam Reynolds began his City career as a stockbroker in 1980 but in recent years he has shot to prominence rescuing AIM listed companies which were on the point of insolvency. I met up with him the other day to put a few questions to him about his views on AIM and his stable of interests.
In the past two days, the U.S. Comex gold futures tumbled 2.87% to $1,224.90 after surging earlier in the week. During Asia's Friday morning, the gold futures rebounded about three dollars.
While giving the benefit of the doubt to the bull argument at Victoria Oil & Gas (VOG) would not have been a total washout in terms of a trading strategy for 2013, it is clear from the configuration of the daily chart in recent months that being an optimist here would only have reaped rewards for limited periods of this year.
Given the state of the Greek economy, and even the way that the prospect of Grexit has not been finally ruled out, being positive on any aspect of entrepreneurialism in the Southern European nation in the recent past has felt like an exercise in wishful thinking. But…
Falkland Oil & Gas (FOGL) has really been a company built on the enormous anomaly that is the Sealion prospect. The shares were once 100p but are now 23.75p. I note that a NED – Mr Hudd - bought 70,000 shares today and you should follow suit.
The latest issue of Financial Orbit from UKInvestor Show speaker Chis Bailey is out. In this issue he looks at US consumer spending, food vs guns, the assumption that dent levels are “normal” and much more.
Tickets for the UK’s premier investor show, UK Investor worth £12 each are on offer at no cost at all in a special Christmas offer. But while we did have 500 to give away we now have only 120 left – after that the price goes back to £12. So grab your free ticket now.
Hugh Hendry is a very smart fund manager indeed and is a bear. His returns, on that basis, over the past twelve months, have not been very good. He has managed his risk to minimising the losses but there is no disguising the fact that he has suffered for being a bear.
Hello Share Chums: When I was young – in the middle of the last century for goodness sake! - we had a special dread as Christmas drew near. That the telly might go on the blink.
What will Father Christmas be putting in the stockings of the writers of ShareProphets, nine share tips, plus what sexism at the BBC
In today's bearcast I take inspiration from Roger Lawson looking at the sins of KPMG at Carillion (CLLN) and EMIS (EMIS), not to mention Quindell (QPP). What to do? I look more at Dignity (DTY) and conclude that - having examined numbers from Beyond - the company is fecked. I look at the dumbest snowflake financial journalist going - natch he works for the Daily Mail. And I wonder should one follow the bears, I review the most shorted stocks on AIM and the main market including IQE (IQE), Debenhams (DEB) and Telit (TCM)
KEFI Minerals (KEFI) has updated on the most recent quarter, including on Tulu Kapi project financing and that “the final Tulu Kapi project models were agreed within the consortium and uploaded into the formal financing data rooms. They show some improvements for shareholders, as compared with recent company guidance”…
The current exuberant mood of the market has thrown up some great opportunities for bears as well as bulls on AIM recently. But for bears they are not for the faint hearted. Timing is particularly difficult when shorting rubbish and, particularly in these times, it pays to drip feed into a position and to maintain plenty of margin. Even then it is not unusual for a stock to double against you as happened to me recently with Online Blockchain (OBC)
It can be difficult just buying and holding a share at times, especially when nothing is really happening with the share price and many of its peers are seeing large rises.
Gold is positioned for a major breakout in 2018 and the gold stocks and Silver are not far behind. That is the claim of Jordan Roy Byrne the Technical Analyst at Palisade. In the video below he demonstrates his thesis by analyzing 6 different charts and the key resistance levels these markets could test very soon.
Again Carillion (CLLN) dominates the news and the political class is talking utter tosh with our useless Prime Minister Mrs May leading the way. By way of contrast Luke Johnson is superb in his Sunday Times Column today. Luke for PM before it is too late.
I noted yesterday that Blue Prism (PRSM) was one of the most shorted shares on AIM. And having had a butchers at the numbers I can see why.
A note popped into my inbox with regard to the demise of Carillion. At first glance, it seems we’ve all been here before – way back in 1990 (when even Tom Winnifrith was a young man). For Carillion today, read Coloroll then.
If you listened to my bearcast of yesterday you will be in no doubt that I am aa big bear of Dignity (DTY) based on some simple maths. I take my hat off to a ShareProphets reader (Buy100ozSilver) for his maths in our comments section. His ( or her) post merits a wider audience.
It being the weekend, I thought I would take a break from stock specifics and make a few observations about a brilliant film that I watched recently on Netflix that I would recommend to anyone interested in investing, and particularly short-selling, as it tells the fascinating true story of Bill Ackman’s costly billion dollar short against alleged pyramid scheme, Herbalife (NYSE: HLF).
It's been 18 months now since I cut the (virtual) cord with Sky TV (SKY) and I can't say that I have missed anything, except a £50 per month-ish bill. It's been replaced by Freeview, at the impressive price of free, and Netflix (NASDAQ:NFLX) at £6.99 per month.
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