UK 15:43 Monday, 26 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.
Having helped investors in the UK lose 99.9% of their cash with Golden Saint Resources (GSR) as he trousered vast sums in fees and commissions, Aussie promoter Cyril d'Silva is back for a second go. And why not? It worked well for Cyril last time and it appears that (by definition, morally bankrupt) advisors are already lined up to allow him to float a BVI registered cash shell, Millenium Kapital Investments Pty Ltd on the Standard List.
As you can see below Cyril is spinning a good yarn as he seeks pre-IPO funding in Australia. This might seem at first glance like a newspaper report but that is deliberate. It is actually an advert trying to secure funds - the words sponsored content are the giveaway.
We are told that the company is currently raising cash at 2p a share but plans to list at 3p having raised a total of £1.45 million with 100 million shares in issue. Do the maths! That means that Cyril, his fragrant business partner Lina Maria Tirado and buddies will be getting stacks of shares at well under 2p.
We are told that MKI is evaluating a number of opportunities but we are not told what exactly. Just buy the shares and believe. Right.... Avoid like the plague.
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