Not a good health 24 hours so I shall make this brief. I look at Valereum (VLRM) and Quantum Data (QDT) and why accounting wonkery matters, Petra (PDL), Tullow (TLW) and Georgina Energy (GEX).
Consultant John Feneck is not phased by gold’s recent consolidation, noting it has turned negative year-to-date and is down around 5%.
On 22 September I published an article showing that Petra Diamonds (PDL) subsidiary Petra Diamonds UK Treasury Limited had been served with a winding up petition by HMRC – in fact it had been served on 25 August as you can see demonstrated HERE. That's a SCOOP! Today Petra fessed in an RNS but it misleads the poor saps who own its shares. Management are shown as scumbags.
As I flagged up yesterday Valereum (VLRM) faces a lack of fiat crisis and his grossly misled investors. Now it gets worse. Interims to 30 June 2026 contain some grotesque non compliances with IFRS 9 accounting standards in connection with its accounting for its transaction with Quorium Global Photonics SPC bond.
As I set out in my article yesterday the poor financial position of Quantum Blockchain Technologies (QBT) means that it is reliant upon future placings to stay afloat given its cash at June 30 of just E11,000 and an operating cash burn in the prior six months of E1,065,000. Conventional debt from third parties isn’t possible because it has net liabilities of E6,426,000 which includes existing debt of E7,396,000. So, a bucket shop placing is inevitable.
Chris Irons, aka Quoth the Raven, has a unique style of podcasting but who am I to throw stones. He has just published thus essay below which is a warning to us all. He is bang on the money.
After the success of this year’s biggest and best ever Sharestock, The Mrs. is hard at work making plans for Sharestock 2027 on September 4. Those who enjoyed the slugging match between Chris Gilbert of Eco Buildings (ECOB) and Fagash in 2026 will be delighted to know that a rematch is now inked in for 2027 by when, I predict, Fagash will, on this one, be looking very silly indeed. Of course that is not the main draw.
Cynicism and wild optimism. In this podcast I discuss Valereum (VLRM), Microsalt (SALT), Kefi Gold & Copper (KEFI), Quantum Blockchain (QBT), Eco Buildings (ECOB), Rent Guarantor (RGG) and Amaroq (AMRQ)
Profit is a matter of opinion. In its interim results for the half calendar year Eight Capital Partners (ECP) recorded a profit of £904,000. Eight earned a meagre £35,000 after costs from its advisory business. Administration costs were £381,000. The profit was due to recorded investment income of £1,250,000 due from its holdings in the SFE Bond it obtained in exchange for its bond due from The Avantgarde Group S.p.A controlled by Alessandro Zamboni.
This old donkey should have been sent on a one way trip to the glue factory years ago. Half calendar year numbers came out on 28th September and were, as you might have predicted, dire.
