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Articles by Matt Earl (The Dark Destroyer)

Tungsten ... it's a small world part II

A principal reason why I have a bearish stance on Tungsten (TUNG) is down to the the forward curve for Bank of England (or for that matter that the FED or ECB) policy rate expectations.

By Matt Earl (The Dark Destroyer) | Published 2015-02-24 07:05:52 |

Tungsten... it's a small world

I've sold short in Tungsten (TUNG) at 208p and here's why.

By Matt Earl (The Dark Destroyer) | Published 2015-02-18 05:56:06 |

Ashtead... United Rentals downgrades appear ominous

Pursuant to a series of downgrades over recent months to United Rentals (URI US, market cap $8.7 billion), I shorted a little Ashtead (AHT) - with a market cap of £5.5 billion. After all, one would imagine that those closer to home know the score.

By Matt Earl (The Dark Destroyer) | Published 2015-02-18 04:21:35 |

My Mitie concerns

I received a call from the Varlet on Monday last, enquiring about Mitie (MTO), the facilities, property and energy services provider. Mitie is capitalised at close to £1 billion. Varlet quizzed me on whether I reckon it worthy of a short sale.

By Matt Earl (The Dark Destroyer) | Published 2015-01-13 04:33:07 |

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Tom Winnifrith Bearcast: Andy Burnham's chilling attack on your freedoms & two victory laps for the Sheriff

Seeing Machines – “interim extension of convertible loan notes”, refinancing challenges then?

Paul Mathieson writes…

Who is pumping Medpal AI and why?

Peter Schiff: Immigration drives prosperity but NOT if you offer a generous welfare system

Portmeirion – interims, how much really “in line with expectations”?

New Kefi Presentation – some very big key takeaways

GOTCHA: Optibiotix was forced to restate by the FRC thanks to the Sheriff of AIM

Letter to Laura Zelenko, Senior Executive Editor at Bloomberg overseeing standards, diversity, talent, and training

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Recent Comments

TOM23 Sep 2026

Not blocked any of his postings , i think they speak for themselves

Letter to Baker McKenzie – the Police would like to speak to Paul Mathieson

BAGHOLDER7923 Sep 2026

Good article, Tom. As we know, paid promotion is always a bit of a red flag, and while I was aware that Medpal had paid spivs like Richard Gill and for research reports and had done a couple of interviews with Zak Mir, I wasn't fully aware of the extent of their engagement with the loathsome Mir. I also wasn't aware that Medpal was engaging Twitter rampers, who have presumably either taken undisclosed payments or potentially own the stock, as you mentioned. However, the biggest red flags to me are the history of the Drummond Brothers and the company's reluctance to provide meaningful updates on its cash position or (presumably lack of) profits. I see that Jason Drummond is happy to blather on about revenue growth in the pharmacy arm, but from what I can see, there has been no update on operational cash burn since the March annual report, where cash burn was allegedly £4 million/year. One would assume that cash burn is now significantly higher, considering the company has seemingly burned through approaching £8 million (perhaps £7.5 million net) raised through the April and July placings, hence the latest placing. I cannot say I can remember many other companies which have raised funds on 5 occasions in 10 months, almost immediately after floating.

Who is pumping Medpal AI and why?

Lloyd23 Sep 2026

Has he stopped making posts on this website or are you just not letting them through?

Letter to Baker McKenzie – the Police would like to speak to Paul Mathieson

TOM23 Sep 2026

https://youtu.be/WOw3EDawJh4?si=NddyHNGHlOT4N39i

Paul Mathieson writes…

EXEOST23 Sep 2026

Remember the Frank Muir advert for a famous chocolate? I don't know why that's just sprung to mind. LOL.

Paul Mathieson writes…

TOM23 Sep 2026

I could put you in touch with AR if you drop me an email

Tom Winnifrith Bearcast: Andy Burnham’s chilling attack on your freedoms & two victory laps for the Sheriff

YIANNOS1123 Sep 2026

Has got some serious issues this kid!

Paul Mathieson writes…

RIZZLE12323 Sep 2026

Hey Tom Genuine question , I’ve been looking more at PBX and am more inclined to want to have a bit of a decent position here -> not large enough to warrant an individual approach to opti but I wonder if there were enough on this board who could offer some liquidity to opti for some cheaper PBX stock vs what I imagine will be a hefty discount if placed out through Reynolds Is this something that’s possible if we had enough interest ?

Tom Winnifrith Bearcast: Andy Burnham’s chilling attack on your freedoms & two victory laps for the Sheriff