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Articles by: NIGEL SOMERVILLE, THE DEPUTY SHERIFF OF AIM

EPIC URU
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URU Metals – Another AIM POS Heading For Disaster

I haven’t commented on AIM–listed URU Metals (URU) for some time but I see that its shares have halved since August. What on earth might be the matter?
  • By Nigel Somerville, the Deputy Sheriff of AIM
  • 2023-12-04 10:49:32
EPIC TERN
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Tern – Is There Another Disaster To Come From My Sell Tip For 2023

AIM-listed jam-tomorrow IoT investment company Tern plc (TERN) was my sell tip of the year for 2023. It has had a terrible 2023 so far, but I fear things are set to get worse as the company - and its portfolio of unlisted (apart from Wyld) loss-making cash-guzzlers - struggles with te ongoing cash-crisis. As things stand, I’m pretty sure it is running on fumes and the loan facility allowing it to hawk its shares in Wyld on the joke market in Stockholm seems to have stalled. But there is plenty more to go wrong here…..
  • By Nigel Somerville, the Deputy Sheriff of AIM
  • 2023-12-02 18:01:00
EPIC INSP
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Inspirit – More Piles Of Confetti, Massive Discount And A Rule Breach

AIM-listed waste of space Inspirit Energy Holdings (INSP) announced the issue of two billion bits of confetti this morning – to raise just £200,000. This, of course, will only keep the lights on for a short period – and then there will be more confetti. The discount was a whopping 33%: for such a small issue, that shows what a POS the market thinks Inspirit is.
  • By Nigel Somerville, the Deputy Sheriff of AIM
  • 2023-11-14 09:00:53
EPIC RENE
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ReNeuron – Interims And Going Concern Issue: SELL

AIM-listed ReNeuron (RENE) put out its interim results to 30 September yesterday, announcing another loss, this time of £2.8 million to bring accumulated losses to a whopping £155 million for this £3 million capitalised company. Worse still, it is running out of money….again.
  • By Nigel Somerville, the Deputy Sheriff of AIM
  • 2023-11-09 08:36:41
EPIC TERN
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Tern – Won't/Can't fund Konektio Investment so is 75% diluted

As predicted, AIM-listed jam-tomorrow investment company Tern plc (TERN) has failed to meet its investment requirements at investee-dog Konektio. The result is that 75% of its investment is to be converted to worthless deferred stock and it could get worse. In short, it is Ouzo-on-cornflakes this morning.
  • By Nigel Somerville, the Deputy Sheriff of AIM
  • 2023-11-08 10:56:47
EPIC BARK
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Barkby – Shareholders Set For Reality To Bite Hard As Ouzo Beckons?

AIM-listed dog Barkby (BARK) announced yesterday the formation of a joint venture and a change of name. But buried in the text was the announcement of a proposed share consolidation which, I suggest, is one almighty Red Flag.
  • By Nigel Somerville, the Deputy Sheriff of AIM
  • 2023-11-01 08:16:40
EPIC KDR
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Karelian Diamonds – Poxy Placing Trashes Share Price At No-One Is Watching O’clock while Prof Conroy's daughter in corporate governance shambles

AIM-listed Karelian Diamonds (KDR) announced a placing at 1.44pm yesterday – late lunchtime on a Friday as the City looked forward to a weekend of rugby. In other words, it was no-one-is-watching o’clock. The amount raised, just £250,000 – and even that is before expenses – was pitiful; the discount – a whopping 33% - alarming for existing shareholders. The shares dropped 25% on the day.
  • By Nigel Somerville, the Deputy Sheriff of AIM
  • 2023-10-21 10:42:27
EPIC HAYD
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Haydale - £1m Retail Offer Raises…..er….

AIM-listed graphene disaster Haydale (HAYD) announced at 4.30pm on Friday (otherwise known as no-one-is-watching o’clock) the result of its £1 million retail offer to support its bailout placing. Having bagged £5 million from dumb institutions, it had been hoping to add a further Bernie. Unfortunately, via its broker, Cavendish (previously known as FinCrap), it raised just £63,045. I doubt the proceeds even covered the costs!
  • By Nigel Somerville, the Deputy Sheriff of AIM
  • 2023-09-23 17:54:45
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