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Notes from Underground – Most read articles for the week ending 15 Jan 2023

By Darren Atwater | Sunday 15 January 2023


The most-read non-quiz non-Tom article this week is by Gary Newman with Asiamet Resources has been a terrible investment for me so far, but I'm still hopeful that it could reach production in the end  at No 10 or No 17 including Bearcasts.

The most read ShareProphets regular stories this week were:

  1. EXPOSE: Julie "Lingerie on Expenses" Meyer caught lying again, does the High Court and FCA know about this?
    Julie "Lingerie on Expenses" Meyer, does not appear to have turned over a new leaf at the start of 2023 as the filing made at Companies House on January 3 which is below, appears to show. Meyer kicks off 2023 by lying.

  2. BREAKING: Versarien, a list of those who got P45s for Christmas and the obvious questions vile Neill Ricketts is refusing to answer!.
    I can now reveal a near full list of those staff at Versarien (VRS) given P45s for Christmas by loathsome Neill Ricketts. They are now all, apparently on gardening leave, so not working but still on a notice period so the cash savings will not kick in until late March or later. Those made redundant include some heavy hitters so this list begs big questions.

  3. The curse of Julie “Lingerie on Expenses” Meyer – strike off order at Lattun 1 day after she joins board
    This is not quite what you might expect from someone awarded an MBE for services to business at the behest of Rob Terry defender Vince Cable. But then again, why someone fleeing a High Court Arrest warrant and under an FCA criminal investigation still has a gong as something of a mystery. But back to Lattun.

  4. BREAKING EXCLUSIVE: Boatman Capital letter to BDO re "Independent" review of Home REIT
    Shares in Home REIT (HOME) are now suspended at the company's request despite it insisting that allegations made by Viceroy Research and Boatman Capital are groundless. BDO London is now investigating those (groundless) allegations as part of its audit. Boatman has now written to BDO flagging up some new areas of concern. The letter is below. Ouch!!!!

  5. Buy Fresnillo ( one of our tips of the year and its already flying)
    Fresnillo (FRES) has seven operating mines all of them in Mexico. This impacted it in 2022 with Mexican labour reform challenges adding to the wider ones such as supply chain bottlenecks and cost inflation. In October a third quarter report concluded “remain on track to meet our 2022 full year guidance of 50.5 to 56.5 moz of attributable silver... and 600 to 650 koz of attributable gold production” and just yesterday the company was “pleased to confirm the final testing of the downstream power distribution and control systems at the Juanicipio project is now complete… commissioning of the project has formally begun. Ramp up will now be conducted at pace”.

  6. EXPOSED: Sarah Willingham and Nightcap deceive investors again: bailout placing inevitable.
    There is today, finally, as I demanded, a trading statement from Nightcap (NGHT) the financially challenged bars chain of Sarah Willingham of Dragon’s Den “fame”. But it is hugely misleading, on an industrial scale, and the underlying position is grim, sales are falling and a cash crisis is looming. This is the pump before a bailout placing dump. Let me explain why an update described by the ghastly Willingham is not as she claims “positive”. Not at all.

  7. Wishbone Gold – projects news, here’s perhaps why the market reaction Big Dave
    Wishbone Gold (WSBN) has stated states that it “is pleased to announce positive first assay results from the maiden drilling program at the company's Red Setter gold-copper project in the Patersons Range area in Western Australia” and ramper-in-chief David Lenigas doesn’t see why the market has reacted as it has – the shares currently down to 4.7p to sell, though adding that someone’s sell is another person’s buy.

  8. BREAKING EXPOSE: This looks a lot like Home REIT - a bear dossier on ICG-Longbow Senior Secured UK Property Debt Investments Limited, a LSE listed fund
    This bear dossier on ICG-Longbow Senior Secured UK Property Debt Investments Limited (LBOW) a Guernsey domiciled, closed-ended, premium listed investment company on the London Stock Exchange has been passed to me for publication. I n many ways it looks a lot like Home REIT (HOME)

  9. Tap Global IPO – You is 'avin' a Turkish: this is a truly mad valuation even by the standards of shitcoin
    I today asked the advisers to Tap Global (TAP) which joined the Aquis lobster pot today via a reversal into Quetzal Capital to justify why Tap was worth £20.5 million and 4.5p and the enlarged group worth £32.2 million. There has been no answer. Why? Because even by the standards of shitcoin and crypto-shite this valuation is bonkers. It’s a car crash in the making and shames all involved.

  10. Asiamet Resources has been a terrible investment for me so far, but I'm still hopeful that it could reach production in the end
    Whilst I’ve been away fishing in the jungle for the past month, I notice that Asiamet Resources (ARS) has issued a couple of RNSs, including a new Memorandum of Understanding that it hopes will help move its BKM project towards the production stage.

The most-listened to Bearcasts this week were:

  1. Tom Winnifrith Bearcast: Happy Birthday to Me, only NOT a pensioner now thanks to Steve O'Hara! Yes its my birthday. Ahead of a cake made by the Mrs and a takeaway from what I am told is the finest Indian in Wrecsam, I discuss musicmagpie (MMAG) in depth, Argo Blockchain (ARB) en passant and Trustpilot (TRST) in depth.

  2. Tom Winnifrith Bearcast - a long term investment I shall never see, its for Joshua and will probably fail I start with that investment c/o my pal Dave from Chester Zoo, Then I look at Eurasia Mining (EUO), Okyo Pharma (OKYO), Eden Pharma (EDEN), Nanoco (NAN) - which I may have misnamed in the podcast - Cellular Goods (CBX) and Frontier Developments (FDEV). Tomorrow I have a Julie "Lingerie on Expenses" Meyer treat for you all. It seems she has been a naughty girl (again).

  3. Tom Winnifrith Bearcast: Why Argo really is worth 0p In today's podcast I look at nanosynth (NNN) and why its RNS crimes do matter, Argo Blockchain (ARB), Kefi Gold & Copper (KEFI), Reach (RCH), Cellular Goods (CBX) and Colin Bird POS Tiger Royalties (TIR) where data today shows how a recent placing only postponed death.

  4. Tom Winnifrith Bearcast: the argument for not selling rubbish like Red Rock and Wishbone I start off with why the Times' demands for a Sheriff of Tipsters smacks of glass houses and throwing stones. Has its own tipster declared all conflict of interests. Then onto gold, looking at my portfolio and why I have not sold Red Rock (RRR) and Wishbone Gold (WSBN) yet despite my grave governance reservations and their failure to monetise assets whose quality I start to doubt. So why not sell and reinvest in a higher quality play I own like Centamin (CEY), Ariana (AAU) or even Kefi Gold & Copper (KEFI). One reason was the illness that laid me so low I just forgot. But there are others which I explain in the podcast, my second of the day after this photo/podcast from Lake Vyrnwr which has given me great pleasure.

  5. Tom Winnifrith Bearcast: Revolution Beauty's bosses should be in jail, if this is not massive fraud what is? In today's podcast I discuss the naivete of the spider kisser over Coro Energy (CORO) but my main focus is on the fraud at Revolution Beauty (REVB). How on earth are Tom Allsworth and Adam Minto not heading for jail. And as for the shares....

  6. Tom Winnifrith Bearcast: if Nanosynth was US listed its directors & advisors would be getting an SEC collar feel I dropped my two year old off at school for the first time today. I am sure every parent knows that moment well. I move from that onto Nanosynth (NNN), a scandal for all concerned where my warnings have been 100% vindicated today. So its ouzo there but also at Canadian Overseas Petroleum (COPL). I look in detail at Eden Research (EDEN) and cover Anglesey Mining (AYM) and Trevor Brown's POS Braveheart (BRH)

  7. Tom Winnifrith Bearcast: The point of speaking to Harry Adams and do I believe the Kefi boss? I start with the NHS pissing money away on my lawn, then onto why I opt to speak to CEOS, gold and Kefi Gold & Copper (KEFI)
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