I start with life at the hovel then look at what is going on at World Chess (CHSS), UK Oil & Gas (UKOG), Pennpetro (PPP),Nightcap (NGHT) and Panthera Resources (PAT) Finally, you can still book your Sharestock seats HERE.
Asset manager Peter Grandich is a Wall Street veteran and is deeply concerned over the markets’ failure to acknowledge major issues. He argues that gold markets show some recognition of these issues, while the stock market remains complacent.
I continue to believe that drowning in debt carpets roll up Victoria (VCP) has all the makings of a zero. At 157p the market cap is now sub £180million. Borrowings are more than £1.1 billion and with cash continuing to be guzzled rather than generated I cannot see how it digs itself out of such an enormous hole. Now I flag up two new matters.
No not me silly it is Neil Woodford. Having suggested that the Tories would win the election mystic Neil now reckons Labour will not have to hike taxes. The Guardian and Telegraph today report that Labour has "discovered" a £20 billion black hole which it will close with tax rises for the middle classes. But, as ever, Neil knows better.
I start with a water report from uber hot Greece. Then it is Upland Resources (UPL), Wildcat Petroleum (WCAT), Judges Scientific (JDG), Regtech Open (RTOP), Supply@ME Capital (SYME) and this abject regulatory failure which stains the whole London market
Those of my age will understand the reference, a very young Bonnie Langford in Just William: “I’ll scream and scream and scream until I am sick.” And thus Upland Resources (UPL) has issued its third RNS of the week. This all started with state owned Petros saying that it would open up block SK334 to a competitive tender before drilling in 2025. Hitherto Upland has been raising money on the idea that it had an exclusive right to enter a PSC on the block.
Ashington Innovation (ASHI) the drowning in red flags sub-standard listed shell has today raised £200,000 at 2p. That is a a 150% premium to the Company's share price yesterday and a massive premium to net assets which are virtually nothing. CEO Jason mart is a colourful chap whose links to penny share pump and dump fraudster Ron Bauerwe exposed HERE. today he talks shite:
I commented in bearcast about yesterday’s lack of real profits warning from Tortilla Mexican Grill (MEX).The company cites certain one off factors for a 5.9% fall in L4L sales but is that the whole truth?
The Reg Tech Open Project (RTOP) auditor resignation letter dated 28 June 2024 has now been filed at Companies House. The is dated the same day as Regtech announced that Alessandro Zamboni had failed to pay promised $1.5 million and Regtech requested the suspension of its shares.