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.
I start with a few comments about yesterday's bearcast but then move into the mining sector where I am tempted to nibble. Two stocks I would not nibble at under any circumstances are Golden Saint Resources (GSR) and Condor Gold (CNR). Ive been a bear for a while and am now mega bearish on both after events yesterday as I explain in full. It is time that Mark Childs of Condor sent me a full apology (flowers, coke and a card will do). but perhaps he should apoligise to his shareholders first.
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Comments
p j
Why do you consistently allow RRR with it’s lifestyle director A.Bell off the hook? Mates maybe? RRR too released a dire RNS after hours Friday night. In your own words, a red flag warning. Let’s give RRR and perennial #Aim failure Bell the same treatment as the rest of AIM’s lifestyle directors that suck the life out of shareholder value.
Math Wizzard
Consider solution A: The Answer.
Input Data: D1, D2… Dn.
Coefficients: C1, C2… Cn.
Exponential Modifiers: E1, E2… En.
Taking the case of a simple two Input Data equation,
C1.D1e^E1 + C2.D2e^E2 = A
Consider the case where the required solution is A = 5 with D1 = D2 = 2.
Select values of C1,E1 and C2,E2 in order to satisfy the required solution whereby the result may be written as,
2 + 2 = 5
Maximum award for this question is 10. You will be penalised for offering values of C1 and/or E1 and/or C2 and/or E2. You will be further penalised for offering any meaningful explanation or indication as to how you arrived at your ‘correct’ answer.
Median Score prior to, adjustment, is 5 for stating.
2 + 2 = 5
on one, A4 equivalent, page of an RNS as long as you quote the name of your CEO, CFO, NOMAD, and PR Agency[s] on the same page along with their contact details and none of them respond to enquiries. It is left to the ‘Qualified Student of AIM’ to make use of additional pages in order to raise their Score above the Median level of 5 using appropriate obfuscation.
Answers will be judged after submission via RNS and scrutiny by Share Prophets or, in the event of no-comment by said Adjudicators, within six months, subject to arbitrary extension, of submission.
Andrea Gonella
that is very fair comment, PJ, imo.
Bell has presided over sp destruction and an appalling investment in Ascot….if I recall correctly.
Thankfully, I was never in RRR and got out of Ascot quickly.
Why not subject him to a good lashing, Tom?
RAF118
Cracking Bearcast Tom. Fantastic weekend listening!
LE
Couldn’t agree more PJ. Surely if any other Aim share was expending cash and raising confetti as bad as rrr at present, they wouldn’t go unnoticed. It’s incredulous to think of the proximity of this £250k death spiral deal to the placings in the summer, and Colombian sale proceeds. It also follows after paying off YAG earlier in the year, and seemingly turning their back on this awful means of financing. Then there’s the public inferences by Ab on twitter around august 26 to suggest that financing wasn’t in the pipeline. A whole five days before the deal was concluded. Tom has a history there, so Ben, a follow up perhaps?
Rrr lse ramp squad are trying to suggest that the YA deal is a positive, leaning on the fact the CLN is “unsecured”. Perhaps a summary article as to the nature of operations of the YA, Darwin et al business model might be of help given their prevalence at this end of the market.