Keyword results: URU

URU
URU

URU Metals – 85p per share Death Spiral Conversion Rolled Over Again!

AIM-listed John Zorbas vehicle URU Metals (URU) has announced yet another roll-over of the particularly advantageous 85p conversion terms on its $500,000 death spiral funding from Boothbay Absolute Return Strategies LP. With the shares currently at 350p in the middle, this is a licence to print money. The giveaway terms are now open to Boothbay until 31 May 2023.

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Five Slam-Dunk Sells For 2022 – May Update As Barkby Continues To Slide

As we reach the end of month five – we are almost half way – here is the latest from my small-dunk sells for this year. The biggest feature of the portfolio is that all the companies need to rattle the tin and whilst that has been less of a problem during the everything bubble, market conditions are deteriorating fast. So I expect a few accidents in the coming months.

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Five Slam-Dunk Sells For 2022 – April Update As Barkby Clocks Up £2m...only £10m to go!

We have reached the end of month 4 – how are my five slam-dunk sells of AIM-listed Barkby Group (BARK), Tern plc (TERN), Trafalgar Property (TRAF), URU Metals (URU and Standard-listed AIQ (AIQ)  doing?

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CDL
CDL
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Falling Back To Earth as Gravity Asserts: Barkby, Cloudbreak and URU

I cannot help but notice that a good many of the shares of which I am a bear are dropping at the moment. With some, it is a case of the ramptastic froth being blown away. With others, it is surely a case of gravity asserting itself.

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Bear
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Five Slam-Dunk Sells For 2022 – March Update

It seems my slam-dunk sells for 2022 – AIM-listed Tern plc (TERN), Catenae Innovation (CTEA), Trafalgar Property (TRAF) and URU Metals (URU) along with sub-Standard listed AIQ (AIQ) is set for a very interesting few days ahead which could see disaster strike for at least two of these companies.

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URU
URU
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URU Metals – Drilling News From Canada: Good News? Er….

Shares in Aim-listed URU Metals (URU) have been on the rise and this morning the company issued an RNS regarding drilling news from 74.8% majority-owned ZEB Nickel, listed in Toronto (ZBNI) regarding the Zebediela Nickel project in South Africa. The RNS is, natch, very positive but I wonder if it really is.

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Bear
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Five Slam-Dunk Sells For 2022 – End of February Update as Tern has 31 days to avoid disaster

We are (almost) at the end of February and the world appears to have changed very much for the worse. So how are my five slam-dunk sells of Tern plc (TERN), Trafalgar Property (TRAF), URU Metals (URU), Barkby Group (BARK) – all on the AIM Casino – and AIQ (AIQ) of the sub-Standard List doing?

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Bear
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Five Slam-Dunk Sells For 2022 – Off To A Good Start?

We are just over a month into the year: how are my Slam-Dunk Sells for 2022 doing? My portfolio of disaster for this year was Tern plc (TERN), Trafalgar Property (TRAF), URU Metals (URU) and Barkby Group (BARK) of the world’s most successful growth market and, from the sub-Standard List, AIQ (AIQ).

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URU
URU

Red Flags At Night: URU – 7am Pump, No-One-Is-Watching O’clock Dump by John Zorbas

Tom Winnifrith covered yesterday morning’s non-news of AIM-listed URU Metals’ (URU) proposed listing of majority-owned Toronto-listed subsidiary ZEB Nickel on the joke US OTCQB market. The shares rocketed from 170p to 210p on the news, a 23.5% gain. But the bald truth is that we are talking about a joke market with little liquidity and in any case, I would have thought your average US punter would manage to get access to the Toronto Venture exchange without having to deal with a tin-pot middle man.

Bearcast
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Tom Winnifrith Bearcast - if the FCA really cared about financial promotions Gollum would be doing porridge

In today’s bearcast I start with Cathie Wood of Ark Invest and another sign ( hat tip FP) that she is Neil Woodford on steroids and will see a mega blow up in 2022. The onto the FCA’s plan to crack down on financial promotions. My arse it will. If it was serious on this matter Gollum Gill would be in the slammer already. Then some consolation for Gary Newman with some words on Advance Energy (AVN). I comment on URU Metals (URU) and the there is Best of the Best (BOTB). Surely there must be a Steward’s intp the £60 million share dump by directors nine months ago.  But are the shares now cheap?  

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Bear
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5 Slam-Dunk Sells For 2022

2021 was not a good year for bears. Markets were in a rip-roaring bull phase and in my view all common sense went out of the window, so even the most ridiculous speculative plays went up. But my strong view is that 2022 will be different: QE is being tapered away, interest rates are rising, inflation is soaring and government helicopter money is no longer there (at least for now). In 2021, bears had to hide behind the sofa and short positions could be attacked by an army of pitch-fork armed private investors. That is not the case now and I expect some hefty declines as a result.

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Bear
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5 Slam-Dunk Sells For 2021 – The Final Result

My slam-dunk sells for 2021 were, at one point, looking like a barometer for how mad the market was as complete rubbish was bid up and up on the back of just hot air. But as the year drew to a close, this madness started to abate.

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New Year’s Eve Red Flags Sweepstakes Result – And Piggies Of The Day!

After a bumper crop of dodgy RNS announcements on Christmas Eve there was more fun and games yesterday with another slew of dreadful results and other dodgy announcements as more companies joined the craze of slipping out bad news when no-one was watching. But ShareProphets was watching and here is a summary – enjoy!

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URU
URU
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URU Metals – Interims On Deadline Day In No-One-IS-Watching Week. Uh-Oh……

Entirely predictably, AIM-listed John Zorbas vehicle URU Metals (URU) has slipped out its interim results on deadline day (never a good sign) in no-one-is-watching week, the few trading days between Christmas and New Year. As such it is a fabulous day to bury bad news……and there is, of course, plenty of bad news.

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Bearcast
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Tom Winnifrith Bearcast: It is the 3 things the fraud SYME does NOT say that should terrify the morons

I hope you have a Happy New Year’s Eve.  I aim to be in bed by 8 PM. Bah Humbug. In today’s podcast I look at URU Metals (URU), Lansdowne Oil & Gas (LOGP), Path Investments (PATH), Kore Potash (K2P) and the fraud Supply@ME Capital (SYME) and today’s red flag dripping trading statement. I also explain why I expect the oil price to go higher over the coming year.

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URU
URU
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Red Flags At Night: URU Metals – Rules Are For Little People

Last night at 5.11pm – no-one-is-watching o’clock – AIM-listed URU Metals (URU) ‘fessed up that it had taken a C$950,000 loan from CEO John Zorbas last June. That, of course, is a related party transaction which therefore should have been disclosed but rules are for little people…

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Bear
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5 Slam-Dunk Sells For 2021 – A Turnaround!

Having posted my five slam-dunk sells for 2021 at the start of the year and watched in amazement as the market bid up complete rubbish, it is time to take stock as the year draws to a close. My sells were Tern (TERN), Catenae Innovation (CTEA), URU Metals (URU) and Yu Group (YU.) – all roll-overs from 2020 – and Trafalgar Property (TRAF), which came in as a replacement for the defunct ShareProphets AIM-China Filthy Forty play Walcom (WALG).

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URU
URU

URU Metals – Shares Crash 19% On No News. Why?

I cannot help but notice that shares in AIM-listed John Zorbas vehicle URU Metals (URU) have crashed by 19% thus far today, on no news. Having called it a sell at 405p in August, a sell at  320p in September and a sell at 270p earlier this month, the stock is now down to 190p. Of course, it is still a sell but perhaps it is time for an early Ouzo as the shares have now more than halved.

Bear
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Three Shares You Just Don’t Want To Own as they should all go bust!

Tom Winnifrith has plenty more, but here are three shares you just don’t want to own. All look like they should be toast.

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URU
URU

URU Metals – Still Sliding, Still One to Sell

When I commented on AIM-listed URU Metals (URU) at the end of August, following the “disposal” of its Zebediela nickel asset to TSX-V listed cash shell (with no cash) Blue Rhino, now Zeb Nickel (TSX-V:ZBNI) the shares were 405p and I said sell as it was an accident waiting to happen. By mid-September they were down to 320p and I still said sell. Now, following after-hours full year results to March, slipped out at no-one-is-watching o’clock on deadline day (never a good sign) – and showing it had net current assets of MINUS $1.5 million – the shares are down again, to 270p – and in my view they are still monstrously overvalued and a sell.

URU
URU

Red Flags at Night: URU Metals (yet again….) Slips out Dodgy Results at 5.35pm

AIM-listed URU Metals (URU) – the firm which prefers to mine its own shareholders rather than anything in the ground, according to Cynical Bear – slipped out its full year results to March last night at 5.35pm on deadline day. Truly, this is no-one-is-watching o’clock, but ShareProphets was watching and the numbers are – again – horrendous.

URU
URU
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URU Metals – The Slide Continues: Keep Selling!

I cannot help notice that John Zorbas’ AIM-listed URU Metals (URU) continues to slide. At the end of July I noted that the shares, then at 405p, seemed to represent over-valuation to the point of madness. By the end of August the shine had started to come off with the stock at 390p. Now they are 320p – and still monstrously overvalued.

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Clown
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Five Slam-Dunk Sells for 2021 – Or, Rather, My Market Madness Index: August Bank Holiday Update

The markets are utterly bonkers. They have been all year. And that brings me to my 5 slam-dunk sells for this year, which I have previously suggested the performance of which underlines my feelings that the market is completely unhinged.

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URU
URU
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URU – Is Reality Starting to Bite? Not Enough!

I noted the other day that AIM-listed John Zorbas vehicle URU Metals (URU) seemed to be an accident waiting to happen. With a boat-load of death spiral shares and warrants to come at 85p against a then share price of 405p, that was surely enough of a Red Flag, but with its main asset now held in TSXV-listed ZEB Nickel (ZBNI) following a “disposal” which was not really a disposal, whose shares (of which URU holds 41 million of, but mostly held in escrow) and ZEB’s shares sliding alarmingly since the suspension was lifted, the Red Flags were certainly fluttering wildly in the wind.

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URU
URU
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John Zorbas Vehicle URU Metals – Where Are We Now? Do the Maths……

It has been a busy few weeks for AIM-listed John Zorbas vehicle URU Metals (URU). The “sale” of its Zebediela nickel project in South Africa to Toronto Venture Exchange listed (lack-of) cash shell Blue Rhino (RHNO), now renamed ZEB Nickel (ZBNI) has completed, with Zeb having raised some cash along the way. But it seems that the Toronto market is less than impressed.

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URU
URU
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URU – “Disposal” News: the stench is unbearable!

AIM-listed John Zorbas outfit URU Metals (URU) had a good day in the market yesterday as its shares shot up by 8% to 405p on news of developments regarding its “disposal” of the Zebediela nickel project in South Africa to Toronto Venture Exchange listed Blue Rhino (RHNO). Except as far as I can see it is not really a disposal as one might normally understand the word.

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Bearcast
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Tom Winnifrith Bearcast: Been there, done it, bought the T-shirt

I end with another appeal for brave Ian Westbrook. We are now just over £7,000 from making Neill Ricketts of Versarien (VRS) sweat like the loathsome pig he is. Please do donate HERE. I start with a comment on Kefi (KEFI) from the horse’s mouth, and a look at the fraud Zoetic (ZOE), Deepverge (DVRG), Moonpig (MOON), Uru Metals (URU) and the Zak Mir top of the market call.

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Bear
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5 Slam-Dunk Sells for 2021 – June Update as the Madness Continues

My five AIM anti-tips for the year continue to defy gravity. I suggested in my last column on this that perhaps it should perhaps be renamed the Market Madness Index. Anyway, for what it is worth, here is how things stand.

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URU
URU

Red Flags at Night – URU Metals: more Death Spiral – at a 74% discount. Run for the Hills!

Last night, at 6.02pm – no-one-is-watching o’clock – AIM-listed URU Metals (URU) announced it has increased the death spiral facility with an outfit called Boothbay Absolute Return Strategies from $250,000 to $500,000 – and the bargain giveaway conversion terms which were originally due to expire within 90 days of the original loan have again been extended so that Boothbay can convert at just 85p……with the stock trading at 325p!

Bear
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5 Slam-Dunk Sells for 2021 – Easter Update as Mr Market relives the dot.com bubble

Perhaps I should rename this column the Market Madness Index! My five anti-tips from the AIM Casino for this year are going up but the fundamentals are as weak as ever. I may look stupid now, but I think it should be taken as a warning to all. This won’t end well.

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Bear

Five slam-dunk sells for 2021 – February Update: the market is stark raving bonkers

It seems to me that the less substance there is to an investment on AIM or the sub-Standard List the better it is doing. If you have no cash and no revenue your shares will soar! It is so 1999-2000. All we need is for Alan Greenspan Jerome Powell to warn of irrational exuberance and we will be all set for another big crash.

URU
URU
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Red Flags at Night: URU Metals – For whose benefit is this POS being run?

Last night, at 5.32pm on a Friday – no-one-is-watching o’clock – AIM-listed John Zorbas outfit URU Metals (URU) issued an RNS related to its death spiral financing package first announced in May last year. It is good news for the loan sharks, but surely shareholders deserve better.

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URU
URU
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URU Metals – A Case of Two Drunks?

One of Tom Winnifrith’s more memorable descriptions in the stock market is one of two hopeless companies deciding to merge as being like two drunks trying to prop each other up. On Wednesday night, at no-one-is-watching o’clock (5.21 pm) – except ShareProphets was watching – AIM-listed John Zorbas vehicle URU Metals (URU) announced the potential disposal of its Zebediela project in South Africa to Canadian-listed (on the Toronto Venture Exchange) Blue Rhino Capital (RHNO). The shares shot up by 27% and are a little higher today at 290p, but I wonder whether anyone has actually considered what is going on here.

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Bear
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5 Slam-Dunk Sells for 2020 – I look like a Chump! Undeterred, Here are my Five for 2021.

Tom Winnifrith ate his hat over Red Rock Resources (RRR), so it is only fair I ‘fess up – my list of five slam dunk sells for 2020 was, ahem, less than successful – mainly down to the performance of AIM-listed Catenae Innovation CTEA) which put on a whopping 140%, and AIM-listed URU Metals (URU) rubbed my nose in it further with a rise of 54%. So was I wrong?

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URU
URU
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URU Metals – Red Flags Aplenty as Interims are Released

The good news is that we did not have to wait until after-hours on New Year’s Eve for the latest set of Interim Results to September from AIM-listed John Zorbas POS URU Metals (URU). But the numbers are, as predicted, truly awful – it is Red Flags ahoy from this technically insolvent joke company.

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Red-Flag

Competition: The Great ShareProphets New Year’s Eve Red Flags Sweepstakes – place your entries now!

And so we head for the end of the year – another traditional time to bury bad news by announcing it when nobody is paying any attention, ie on New Year’s Eve. Top of my list for awful results is AIM-listed URU Metals (URU) headed by John Zorbas, which offered up a dreadful half-year report the day before New Year’s Eve last year which demonstrated it was technically insolvent by a big margin. It will surely be no different this year.

Bear
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Five Slam-Dunk Sells for 2020 – December Update

My five slam-dunk sells for 2020 have been all over the place. One headed for the exit as expected but as things stand two are still at bonkers valuations which will surely not last. Will gravity be defied to the end of the year?

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URU
URU

URU Metals – More Shares, but no Cash

AIM-listed John Zorbas POS URU Metals (URU) has announced the issue of a stack of shares to settle directors’ fees and those of an adviser this morning. That to add to yesterday’s paltry subscription shares raising just £280,000  (before expenses). I would suggest that this latest splurge of confetti shows just how badly screwed the company is.

URU
URU

URU Metals – Subscription at 230p to Raise just £280,000

Well blow me down: AIM-listed John Zorbas POS URU Metals (URU) has rattled the tin and got someone to fork up at 230p per share. Apparently that is around a 10% discount, but given the paltry return for the company it says nothing that is good about the company. A few coins for the electricity meter and, er…..that’s about it.

URU
URU

URU Metals – Advisory Board Appointment: how will it pay?

Shares in John Zorbas AIM outfit URU Metals (URU) are up today on the news of an advisory board appointment. The company announced the hiring of Mr Justin Cocharne to URU’s advisory board and the shares have motored by 6.4% to 250p but I just have one question: how will URU pay for his services, given that the company is quite clearly technically insolvent?

Bearcast
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Tom Winnifrith Bearcast: Curzon Energy suspension statement just does not ring true

I start with news on daughter to be Priti – the arrival is delayed. So that is more time for Bearcasts then. Then I discuss Advent calendars and recommend this website. Hat tip Malcolm Stacey. Then it is onto Curzon Energy (CZN), Netscientific (NSCI), Novacyt (NCYT), Uru (URU) and to Bluebird Merchant Ventures (BMV).

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URU
URU
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URU – In Whose Interests?

AIM-listed technically insolvent John Zorbas POS URU Metals (URU) announced yesterday that it has for the second time extended the initial 90-day initial notice period on its convertible death-spiral loan by a further 90 days. With the shares at 260p, the initial deal to convert the loan is massively more attractive for the loan shark than the 35% discount that would otherwise apply – so why is URU doing this?

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URU
URU
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URU – Environmental Impact Assessment “progress”. What progress?

AIM-listed John Zorbas vehicle URU Metals (URU) – the one described by Cynical Bear as being happier mining its own shareholders than anything in the ground – has updated on its Environmental Impact Assessment (EIA) at the Zebediela Project in South Africa. Bear in mind that it announced in April that it planned to spend £250,000 it hadn’t got on this back in April.

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URU
URU
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URU Metals – red flags abound as shares up, trading minimal…..when’s the placing for this technically insolvent POS?

Tom Winnifrith hinted at a perceived problem in the last placing by technically insolvent POS AIM-listed URU Metals (URU) and I fear history is about to repeat. Back at the beginning of May the shares raced ahead to 200p and then a placing at 85p was announced. Now the shares have raced ahead again to 285p on minimal volume…..are shareholders about to be plundered again?…

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URU
URU

URU Metals – placing under starter's orders as new Corporate Presentation is launched

AIM-listed URU Metals (URU) – the company which drills shareholders as opposed to anything in the ground, according to Cynical Bear – has launched a new Corporate Presentation. That means its next confetti-fest is now under starters orders…

URU
URU
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URU Metals: A Massively Technically Insolvent POS “is pleased to announce” FY Results!

AIM-listed John Zorbas vehicle URU Metals (URU) has today released its FY20 results. It is “pleased to announce” them, as is Chairman Jay Vieira, but there is absolutely nothing here for shareholders to be pleased about. It is massively technically insolvent and the Going Concern statement is a hoot. And call me old-fashioned, but where has the Nomad signed off on this announcement? Maybe I am going blind, but I can’t see the Nomad mentioned anywhere: surely that it a breach of AIM Rules? Has the Nomad resigned? Should the shares be suspended?

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Five slam-dunk sells for 2020: update as Catenae’s Covid Bandwagon hits the buffers

In August I noted that my list of five slam-dunk sells for 2020 was up, rather than down, by an amazing 41% – even though one is now a zero. Earlier this month the gains had been pared back to 25.5% but now, just two weeks later it seems that gravity is finally reasserting itself.

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Bear
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Five Slam-Dunk sells for 2020 – September update as market madness continues

As the saying goes, these are unprecedented times. But I’m not talking so much about Covid-19 as the manic state of the markets, with special reference to the AIM Casino. And that brings me to my list of five slam-dunk sells for 2020.

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URU
URU

URU Metals – Ramptastic pre-placing RNS: you have been warned!

AIM-listed but BVI-registered URU Metals (URU), which as Cynical Bear put it, seems more interested in drilling shareholders’ pockets than the ground, has announced a ramptastic pre-placing RNS this morning. Of course, we all knew it was coming as by my maths this John Zorbas POS is still technically insolvent and the clue is hidden in today’s announcement.

URU
URU
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The Market is Bonkers: URU Metals – a SELL on steroids

Tom Winnifrith has already laid out his concerns over the state of play with too many stocks being quite obviously overvalued to a massive extent. One such play I have been following is John Zorbas’ BVI-registered (and therefore not subject to the Takeover Panel’s 30% rule) and AIM-listed URU Metals (URU).

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Bear

Five Slam-dunk Sells for 2020 – August update

My curate’s egg of slam-dunk sells for 2020 continues its strange performance. On the one hand, Walcom (WALG) has disappeared from view – a zero – and on the other we have two total POS at silly prices because the market is, in my view, just totally mad.

Bear

5 Slam-dunk sells for 2020 – demise of Walcom edition

My five slam-dunk sells for 2020 have been a wild ride in the face of the Covid-19 bandwagon, but this week saw the first casualty as ShareProphets AIM-China Filthy Forty play Walcom (WALG) suddenly found itself on AIM’s Death Row when its erstwhile Nomad Allenby suddenly upped sticks and resigned. As discussed HERE there is surely no prospect of a replacement stepping forward and thus I have marked this one down to zero. As for the remaining four plays…….

URU
URU
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URU Metals – oh dear…….SELL (again)!!

I see that shares in URU Metals (URU), a company run by John Zorbas which Cynical Bear observed seemed to be more interested in mining its shareholders than digging anything of value out of the ground, have dropped to just 80p to sell. This is in the wake of the disgraceful fundraise at a massive 57.5% discount (which was advertised as a 24% discount) to its previous 200p share price. That is bad enough, but there are implications of far worse to come.

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Bear

Five slam-dunk sells for 2020 – early May update

Markets in general have had an amazing upswing since reaching the bottom of the Coronavirus sell-off. I don’t think it will last, but there is one area where the market seems to have gone utterly bonkers – and that is where a company puts out news of anything to do with Coronavirus, whether it is a test, a potential cure, tracking technology or some other spurious news and my slam-dunk sells have been at it too, with two of the five riding on the back of speculation that they will suddenly make the big time.

Bearcast
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Tom Winnifrith Bearcast: Malcolm's BT woes & peak Corona madness at Filta

I start with the ShareProphets shares Conference on Saturday. Darren should have sent the tickets last night. He will send today so need to email me. I have just recorded Vin Murria's main stage show and really you must not miss the Queen of Tech. Get your ticket HERE. On today's podcast I look at BT (BT.A), Filta (FLTA), Uru Metals (URU) and the madness at Anglo African Oil & Gas (AAOG).

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URU
URU
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OUZO TIME! URU Metals – As predicted, fundraise and a stunning death spiral announced after-hours as company misleads. TIMBER.......

What a complete and total POS. As I pointed out (yet again) yesterday, AIM-listed URU Metals (URU) was technically insolvent and for no apparent reason the shares had marched up to 200p, overvaluing this outfit by…..er….200p. Needless to say, the directors had a duty to raise money and at no-one-is-watching o’clock last night (4.56pm) we learnt that they had. But the company misleads over the massive 57.5% discount – and that is a best case scenario – and the company is STILL technically insolvent.

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URU
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URU Metals – another POS rising ludicrously on the AIM Casino...

Tom Winnifrith has already added to my comments yesterday about the ridiculous aluation of AIM-listed Tern plc (TERN), which even after yesterday’s 25% crash and a further 10% drop today is still monstrously overvalued. Tern is not alone, which brings me on to AIM-listed URU Metals (URU) which has been rising steadily from a low point of 90p on 27th April to the current 200p. So what has been the catalyst for this meteoric rise? After all, URU is – as I have pointed out before – technically insolvent!...

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URU
URU
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URU Metals – plans to spend £250k it hasn’t got on EIA. Has John Zorbas found the Fed’s Magic Money Tree orchard?

AIM-listed URU Metals (URU) has announced an update on its mining right application as announced on 11 December 2019. Except it was first announced not in December just gone but at least as far back as May last year. Still, never let the truth get in the way of a good story with which to ramp the shares. We are told that...

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Bear
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Five Slam-Dunk Sells for 2020 - March update: Three Down by Easter?

It is almost the end of March: time for a run-down of my list of five slam-dunk sells for this year. With the everything bubble well and truly popped by the pin that is Coronavirus the market backdrop has been inclement for cash-guzzling loss-making shares and the portfolio of Tern (TERN), Catenae (CTEA), Yu Group (YU.), URU Metals (URU) and Walcom (WALG) has reacted accordingly.

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Bear
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Five Slam-dunk sells for 2020 – February Update: which will keel over first?

Yes folks, it is time for an update on my five slam-dunk sells for 2020 – and the writing is on the wall as the anti-portfolio slides. At the end of January the score was an overall drop of 9.8% on a bid to bid basis. One month on the slippage has accelerated amongst my five picks from the AIM Casino, namely Tern (TERN), URU Metals (URU), AIM-China Filthy Forty play Walcom (WALG), Catenae Innovation (CTEA) and Yu Group (YU.)

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Bear
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5 Slam-dunk sells for 2020 – January update, and off to a flier

My little list of slam-dunk sells for 2020 from the aim Casino has got off to a good start. One month in to the year, Tern (TERN), URU Metals (URU), Walcom (WALG) of the ShareProphets AIM-China Filthy Forty, Yu Group (YU.) and Catenae (CTEA) have already posted a collective 9.8% loss on a bid to-bid basis and at least two are already scraping the barrel to keep the lights on.

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Bear
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Five slam-dunk sells for 2020

Peter Brailey has already offered his list of sells for 2020 in the form of his Vomit List of useless oilers, so here is my 2020 list of Slam-Dunk sells. I doubt there will be much borrow available on any of them so shorting may not be possible (although two might offer up some) but the main message is stay away!

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URU
URU
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Red Flags at Night – URU Metals delivers (Ooh Er MRS) Red Flag strewn Interims at 4.23pm on New Year’s Eve Eve

Last week AIM-listed Inspirit Energy (INSP) released results at no-one-is-watching o'clock, on Christmas Eve Eve. It seems the trick of avoiding ShareProphets scrutiny by releasing bad results the day before good days to bury bad news is spreading, for yesterday – New Year’s Eve Eve - at 4.23pm came interims from AIM-listed URU Metals (URU). Except ShareProphets was watching, always keen to highlight news that companies don’t want you to see. And oh dear, oh dear…..

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The Seven Mythical Wonders (September update) – My final review of this collection of ‘never-quite-getting-there’ companies

This series has gone on long enough so I’m bringing it to close this month with the biggest news relating to the ongoing moving of the goalposts at Kibo Energy (KIBO) which makes one wonder whether the flagship project in Tanzania is ever going to see the light of day.

URU
URU

The Seven Mythical Wonders (August update) – wondering on Manica, Zebediela and Batai Plai

It’s that time of the month again and with two of the seven mythical creatures proving their existence so far, I was hoping for some more progress this month from the remaining five. Alas no, just more prevarication, distraction and fund raising – how disappointing.

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The Seven Mythical Wonders (belated July update) – Great news: Optibiotix proves Father Christmas does exist!

As Cornelius Nepos said: “After the darkness comes the light” and having been in despair last month writing June’s update, I am back to my bouncy best as Optibiotix (OPTI) has become the second Mythical Wonder to become real and in some style…..although I hope it now performs better than the first!

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The Seven Mythical Wonders (June update) – I’m starting to despair

When I started this series in January, I didn’t realise how dispiriting it would be as, yet again, my seven wannabe Loch Ness Monsters have proven to be just another set of blurry photographs of tree branches. At this rate I’m going to struggle to make it to the end of the year but at least I’m not a shareholder in any of them I guess.

The Seven Mythical Wonders (May update) – Incredible scenes as EVR Holdings proves the Melody VR app exists after all…..time to exit!

A time for celebration as one of the Seven Mythical Creatures has become a reality this month with the long awaited launch of the Melody VR app from EVR Holdings (EVRH). We may never see such events again or at least not the share price anyway.

XTR
XTR

The Seven Mythical Wonders (April update) – Xtract disappoints yet again but EVR Holdings appears tantalisingly close to launch

It’s time for my monthly look at this motley selection of AIM wannabes. Not much to say for most of them so want to focus on the contrasting progress reports from Xtract Resources (XTR) and EVR Holdings (EVRH).

XTR
XTR

The Seven Mythical Wonders (March update) – EVR Holdings could be inching ahead in this tortoise v tortoise marathon

It’s time for my monthly look at this motley selection of AIM wannabes. A few positive pointers but they all remain resolutely out of reach for the time being; although after a false start at Vast Resources, I sense the wonder VR app at EVR Holdings is taking the lead.

The Seven Mythical Wonders (Feb update) – Good news for Kibo Mining

I started the year with a light-hearted look at a few value-generating AIM yarns that appear to have a lot in common with the Loch Ness Monster as there is some doubt as to whether they are ever going to be seen. It feels like monthly updates are appropriate and it’s been a busy start of the year for some of these AIM yetis.

XTR
XTR

The Seven Mythical Wonders of the AIM Casino

I’ve been a bit preoccupied in recent weeks with a certain fund manager so thought I should catch up with a few old friends on AIM this weekend but it transpires that not a lot has actually happened. It made me realise more than ever that AIM is much more about the travelling I hope than the arriving. Accordingly, I thought it was more appropriate to write a piece heralding the 7 Mythical Wonders of the AIM Casino instead.

ANR
ANR

Altona Energy: The perfect place....ramp…..place manoeuvre – Christmas drinks all round

And there we have it. Today’s announcement of the placing at Altona Energy (ANR) to raise £735,000 at 0.5p completes a very successful, oft–repeated, operation at the lower end of AIM, namely the placing, followed by the industrial-sized ramp, followed by the placing – the “PRP”. It is worth looking at in closer detail.

URU
URU

URU Metals: Acid leaching news finally out – not really worth the wait was it?

I laughed at last week’s announcement from URU Metals (URU) concerning the acid leaching results but I wasn’t necessarily going to comment on the meaningless tripe. However, I feel I almost have a moral duty to counter the “Speculative Buy” nonsense from its corporate broker, Beaufort Securities, so here goes.

Bearcast

Tom Winnifrith Bearcast: Starcom is the bullshitter of the day and Altona the ramp du jour

I start with Starcom (STAR) whose statement as it announces a placing is pure unadulterated bullshit. Do the crony capitalists who put this shite out take us all for morons? Then it is onto Altitude (ALT) whose shares are up by 19% today valuing the company at £32 million. Maybe I am thick ( don't comment on that!) but I just cannot get my head around that valuation and explain why. Finally onto Altona Energy (ANR) and related ramp Uru Metals (URU). This is the latest POS to get the full ramp treatment and I explain why its share price is absurd.

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ANR
ANR

Altona Energy – What on earth is Zorbas the Magpie up to now?

Anyone who follows the lower end of AIM will have spotted the recent excitement and massive share price increase at Altona Energy (ANR) following a heavily discounted keep the lights on placing at 0.05p on 13 October. I couldn’t help but notice the name of John Zorbas cropping up and suspect that he has found something new and shiny to get excited about.

URU
URU

URU Metals – Results out: something new for the Great Distractor to get excited about!

As expected the full year results for URU Metals (URU) came out on the last possible day yesterday and, also as expected, they didn’t provide any answers to the questions I raised in my preview piece (HERE). However, that didn’t stop John Zorbas finding something new to get excited about and distract investors about the pitiful lack of progress here.

URU
URU

URU Metals – Results preview: will the Great Distractor finally come clean?

I’m expecting URU Metals (URU) to issue its end of year results on the last possible day  on 29 September, next Friday week, and am also expecting a sleight of hand masterpiece from the CEO, John Zorbas, who loves to distract from the real issue here, namely an uneconomic mine. Here’s a contrast of what I would like to see in the results and what I expect to see.

URU
URU

URU Metals – A company that prefers to mine its shareholders than the actual shiny stuff

I won’t claim to be a mining expert and will leave the technical analysis to Gary Newman who is much better at that sort of thing (see HERE); however, with the odd looking share movements and the Zorbas connection, I couldn’t resist digging through past RNS’s to find something ridiculous and what was clear is that this isn’t really a mining company at all, unless you think rinsing shareholders of cash counts, of course.

POS

The ShareProphets Dirty Dozen Resource stocks Portfolio is launched

I think we are in a crazy market for resource juniors and I am expressly NOT recommending you buy any of the shares below. But such is the madness that prevails, all sorts of mining and oil junors are seeing their shares fly. Worthless assets, crap management, no cash. Who cares? Just say you are looking at Lithium and off we go. So this is an experiment. Steve Moore will track the 12 stocks below, largely suggested by you and report back after 1 week, 1 month, 3 months, 6 months and on December 31 comparing this portfolio with the FTSE AIM Index and the FTSE 100. Just for fun, the dirty dozen are:

Bearcast

Tom Winnifrith Bearcast - Im really not into that green shite but its worse than that

In today's bearcast brought to you despite having a heavy cold, such is my dedication to you my listeners, I cover: Reach4Entertainment (R4E), Wishbone Gold (WSBN), writing to the FCA, T Clarke (CTO), Northern Petroleum (NOP), Andalas (ADL), Uru Metals (URU), Bilby (BILB) and Windar Photo (WPHO)

URU
URU

Zak Mir's Bull Call Of The Day No.2: Uru Metals: Best Case Target 2p For The Rest Of 2015

It may be the case that there is not much to go on in terms of the charting configuration of Uru Metals, especially for a stock which is clearly not the most liquid on the London market, but there is certainly enough for a chartist to make a call of value here.

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