UK 08:15 Tuesday, 6 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
As part of the rebranding of the disgraced but now transformed Sefton Resources (SER) I can reveal that the company is now considering a name change and that one idea that has been considered is a variation on Oakley Oil & Gas.
If life at AIM's most entertaining stock could not get any more bizarre we learn today that my pal Clem Chambers, the boss of ADVFN (AFN) has joined Brokerman Dan on the board of Sefton Resources (SER). Clem is not an oil man but will no doubt offer Dan valuable guidance on corporate governance issues.
Brokerman Dan has called in from the Manchester Slums to say that he is not earning £1 a month as the saviour of Sefton Resources (SER) but will be the lowest paid executive on AIM earning just £1 a quarter. Even by the standards of the welfare safari park known as Moss Side that seems a trifle low but we at ShareProphets care and so our writers will tomorrow be gathering in Clerkenwell to record our latest Charity Single #FeedTheSlumBoy. All proceeds from the single will be sent direct to the deprived folks on the welfare safari. Once again with apologies to Bob Geldof & Midge Ure:
Dan tipped me off on this and it has just been announced. Mr Levi is to join the board of Sefton Resources (SER) the company that sued him and me for libel (and lost). Dan is to identify new opportunities to take the company forward. And it gets weirder still.
Sadly Mr Rhys Griffiths of law firm Field Fisher who believes in time travel has not been posting. Rhys old boy please do us a favour and stop acting as a bully boy lawyer for Bulletin Board Morons at the LSE.co.uk and become one yourself – you are so entertaining. In the absence of any more gems from Rhys, we must look elsewhere for a winner.
So this is it for the Jim Ellerton Benevolent Fund (SER). After one of the most inevitable and agonising deaths in AIM’s history, at 4pm on Friday, Sefton’s directors finally admitted the game is basically up. The proposed “refinancing” will simply prolong shareholders’ agony for a few more months. The sale of Tapia will deny Sefton its only revenue stream and only the most fanatical Seftonologists believe that the company’s Kansas “assets” can be its saviour. Not ones for reading the fine print of RNSs, this hapless bunch has also missed one important little detail. A vote in favour of the revised Hawker deal will see Ellerton keep his pension.
A number of documents have surfaced relating to the smear campaign orchestrated by the former managers of Sefton Resources (SER) to discredit myself and Brokerman Dan as it pursued (and lost) a libel action against us.
In this penultimate podcast of 2014, I look at Sefton Resources, Peter Landau, Range Resources, Black Mountain Resources, Patisserie and especially Igas and its utterly disgraced CEO Andrew Piggy Austin for whom the questions mount.
The latest word from Sefton Resources (SER) is not good and must give rise to fears that Jimmyliar Ellerton is going to steal its last not totally worthless asset.
And now my friends, the end is near, it’s time to face the final curtain. Meet Sefton Resources (SER) the last company to sue me for libel. Of course Quindell (QPP) never actually served papers it just announced that it was going to and wasted shareholders cash on expensive lawyers (see HERE) to try to stop me exposing its lies and fraud. But for Sefton I have a song from Frank because the Board is Meeting today.
You could not make this up. Disgraced liar and crook Jim Ellerton may well be reinstated as the next Chairman of Sefton Resources (SER) in January. This take from the AIM Cesspit gets worse and worse.
Dr Michael Green is a very, very lucky man. For years he stood should to shoulder with Jim Ellerton and spun many a good yarn about the wonderful potential Sefton Resources (SER) had to offer. Ever the “friend” of private investors, Dr Green was always available to take a telephone call. Always. Tantalising quotes from him blossomed across bulletin boards promising “imminent” riches. There was just one small problem. It was all bullshit.
Just over a week ago, I wrote an open challenge to Sefton Resources’ (SER) board. You will be shocked to hear I haven’t received a response. Notwithstanding the cordial historical relations between Sefton and ShareProphets, I still think my idea is a good one. Sefton’s situation is so dire that only the announcement of the appointment of Hitler, the Devil and, of course, Jim Ellerton to the board could knock the share price any lower. Therefore, the company should seriously consider providing a quarterly (or better yet, monthly) set of unaudited management accounts to shareholders. This would be a radical innovation in AIM’s resource sector. If Sefton’s path to salvation is based on genuine good intent it might even persuade some long-standing bears to reconsider their opinions.
The reporting standards on AIM are atrocious. For roughly nine to ten months of every year, shareholders in the overwhelming majority of companies are left in the dark as to how their company is performing financially. What scarce information there is, is usually out of date by the time of release. The London Stock Exchange really needs to address this glaring weakness, but so long as it maintains the pretence of operating “the world’s most successful growth market” I doubt anything will be done. Sefton Resources (SER) once again provides a perfect case in point why this issue matters so much.
Sefton Resources (SER) shouldn’t really deserve the coverage it is getting on this site at the moment. Even if the proposed refinancing happens, this will only mean the company survives on life support, slowly paying down its bills. Shareholders will effectively be wiped out and the Promised Land of Tapia/Kansas riches tomorrow will be a distant dream. What has happened at Sefton should be a catalyst for the reforms that AIM so badly needs. This company has exposed many of the deep and irreconcilable flaws running through this market. Sadly, I don’t believe anyone in authority is really paying attention and the likes of Jim Ellerton will continue to run riot. That is until they run into the Sheriff and his posse, of course. We are paying attention and today I want to return to this little gem in Sefton’s latest accounts – “included within trade payables above are amounts owed on credit cards in Mr J. Ellerton’s name which are Group liabilities, and not included within the related party balance above.”
Sefton Resources’ (SER) refinancing package has caused quite a lot of bulletin board excitement. The problem is that none of the posters seem to have read or properly understood the terms of the deal. While the bulletin board Seftonologists witter on about 0.8p to 1p a share, they seem not to have noticed the overwhelming lack of interest in this stock. It turns out the market is pretty good at maths and, unfortunately for the Sefton ghosts, is not listening to a word of their murmurings.
Results yesterday from Sefton Resources (SER) were predictably dreadful. The silver lining shareholders had hoped for was that after December 31st 2013 ex-boss Jim Ellerton would no longer be a drain on this AIM Cesspit posterboy. However, it seems not. Jim is still trying to relieve Sefton of any cash it might have. The man has no shame. I call on the current board to take steps towards trying to ensure that Ellerton goes to prison where he belongs.
