Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The FCA now has two reasons to call its colleagues Down Under, at the Australian Securities & Investment Commission (ASIC). First it might like to suggest that perhaps the Australian Women’s cricket team should represent the country in the next Ashes series. Based on recent form, they will certainly offer a greater challenge than their male compatriots. Second, after we pointed out the odd issue or two in Black Mountain Resources’ (BMZ) planned involvement in a so-called subsea salvage operation to retrieve >$1billion worth of lost war gold, perhaps the FCA might like to find out how serious the Australian authorities are in policing their small cap market and protecting British Private investors.
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.