Today is the sixth anniversary of that fateful day when Eurasia Mining (EUA) formally told shareholders that it was going to put its assets up for sale.
If anyone knows where I can get some borrow on Hemogenyx Pharmaceuticals (HEMO) then please post below. A friend told me on Friday evening that he had managed to short some with IG and so first thing this morning I got in touch with my relationship manager there - but it had all gone! I can understand why the borrow is so hard to get as lots of people want to short the shares, what I can’t understand is the sheer stupidity of those people that are buying the shares!
Last Tuesday Powerhouse Energy (PHE) held a Capital Markets Day at its facility in Bridgend, South Wales. As tempting as the offer to visit Wales was I didn’t attend (but I look forward to seeing all of you at Tom’s Welsh hovel in September). Judging from the photographs and videos in the Telegram Group, about 40 investors attended to watch Powerhouse demonstrate its Distributed Modular Generation (DMG) Waste to Energy technology. The demonstration was a failure!
The really big question is whether the shysters who have promised it £5 million in a loan are good for their cash and whether Nomad Liam Murray at Cairn has done any due diligence at all to verify that. But there is another, almost as big question. I offer you a timeline:
Eurasia Mining (EUA) has announced a webinar next week. The webinar will take place almost five years to the day from the infamous RNS where Eurasia lit the touch paper on the supposed takeover and so permitted the biggest deception ever seen on AIM.
This is the new ramp de rigueur and the CEO is quite marvellous. He has the username @ValueAimTrader on twitter and has today been telling the world that he’s going to take the business to a £1bn+ valuation:
Today was crunch day for Harland and Wolff’s (HARL) rotund CEO, John Wood, to deliver on the new finance agreement that he has been promising since November 2022. He failed and instead there was a garbled last minute RNS kicking the can down the road.
The three largest shareholders in Horizonte Minerals (HZM) have today announced a keep the lights on financing. They have provided a $15 million Senior Secured Loan Facility and the release of $5 million by OMF Fund III (Cr) Ltd. previously secured at Vermelho. The shares have zoomed ahead by 27% to 9.95p on the news as bulletin board morons have piled in. They will regret it.
I promised that I would report this morning on Petrofac’s (PFC) trading statement. At pixel the shares are 31.6p, up 41% from yesterday’s close. At the peak this morning they touched 37.2p, scoring a massive 67% win for the bulls, all of whom seem to be in my timeline this morning, less than politely telling me what a fool I am.
I picked this as my short for the year on the basis that Cineworld (CINE) was (a) too easy, and (b) not a 100% loss as the borrow rate at the start of the year was an exorbitant 80%!
