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.
Blenheim Natural Resources (BNR) is another much hyped shitty little AIM investment company. It also smothered itself in merde with its recent shoddy dealings with African Potash (AFPO). One of our readers (Bearfacts) posts on this matter, a comment which merits a wider audience. Over to Mr Bearfacts before I add another kicking below:
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.
Comments
Bearfacts
Tom, Thanks for sharing with Shareprophets readers.
Your further comments are absolutely correct, Chris Cleverly and all the other NED’s don’t come cheap so BNR will have probably increased regular operational costs.
Although of course Blenheim could always go and see Mrs Cleverly and beat the ‘most expensive loan’ on AiM tag that African Potash achieved.
Regarding cash shell values, the general current figure PI’s give to a cash shell’s is around my figure but you are correct it could be down as low as £100k of which would lower the overall figures.
Certainly investors should take into account all this and remember investment companies are and should be rule 15 regulated and any company can fall foul of aim regulation and be suspended just like that.
So overall wharever way you look at it BNR are overvalued and a more risky investment.
All the best….