UK 19:27 Friday, 23 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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.
At least two of the companies involved in Horse Hill will go bust within weeks if they do not issue shares for a bailout placing and thus the ramping of today's (probably good but not great) news from Surrey was shameless with ther fat Aussie Share Pusher David "I won't say who made money from Danadav" Lenigas at the fore.
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Comments
Scotty
One small clarification is that EVO DO NOT need cash – they should have approx 18 months of cash given current running cost. Additionally they have some liquid assets in the form of NMG and ALBA which at todays price would see them good for a further 12 months.
wildrides
Looking on the bright side ……….. at least some oil came out of the hole under its own steam and apparently of a good “brew” so those invested can be content that a mammoth collapse in share price is unlikely given todays positive news outcome . Clearly some of what Lemongas had to say previously from time to time has indeed come to pass , if only those stupidly over the top figures had not been put infront of the media in the first place we would all be happy . Infact had they just left the whole thing to punter speculation up until testing the SP would probably have climbed higher still . Often with good communication “less is more” .
Both sides of the argument can probably feel a little smug ……….. but at this stage I cant call just who has out smugged who .
Buzz light year
What’s it taste like? Humble pie. You are once again fully exposed. You deceitful little man . Big up for David Lenigas. He beat you hands down.
Gwandad
Telegraph’s Questor’s take on the Gatwick Gusher.
“Questor would advise proceeding with extreme caution for those who want to follow this early promise. Avoid.”
Tom Winnifrith
Buzz
No humble pie here. Afriag forced off AIM, Dave squirming over Danadav. Once he has taken his cock out of your mouth maybe you can ask him who benefitted from Danadav, the Jersey regulators all over Alliance Trust, LGO going down. We've seen HH ramped before now lets wait fir the placings.
Lenigas in a far worse place then I right now. You finished satisfying him yet? Now swallow hard and go ask about Danadav
T
Wadhamite
What are your thoughts on ALBA Tom? I had a quick look at their cash position. Using the 2015-05-31 half year report as a starting point we have current assets of 267K minus liabilities of 343K. 2015-06-12 placing of 337K after 5% expenses. 2015-09-25 minus 365K for HH 5%. 2015-10-06 minus 50K for Greenland option. 2015-10-19 placing of 366K after 5% expenses. 2015-10-19 placing of 152K after 5% expenses. Based on last annual report 2015 also incurred minus 60K for director, minus 56K for executives and minus 13K for auditor. This give a position of 235K at present before any exploration or other operating costs since last May, let’s say 100K. So I reckon they have about £135K tops as against market cap of almost £5M. There have been six placements in the last 12 months, with 4 of them at 0.25p accounting for 77% of the total raised. Makes me rather cautious.