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Notes from Underground – Most read articles for the week ending 11 Mar 2023

By Darren Atwater | Sunday 12 March 2023


 


The most-read non-Tom non-Quiz article this week is Ariana Resources – Bad News From Tavsan, But Still A Buy by Nigel Somerville at No 3 or No 9 including Bearcasts.

The most read ShareProphets stories this week were:

  1. Wandisco – a $1 billion fraud blows up on AIM
    If I had a quid for every time I warned that shares in Wandisco (WAND) were at a bonkers valuation based on reported revenues, I’d be able to buy a season ticket at Wrexham. But today we discovered that most pf those reported revenues were made up and that the size of the emerging fraud was big enough to bankrupt a company which, at £13.10, was capitalised at £863 million. Now the shares have been suspended as investors face calamity in AIM’s biggest scandal for years.

  2. BREAKING: Ding Dong Ricketts has Gone – Versarien surely toast
    There was no thanks offered up by his fellow board members for his tremendous services to Versarien (VRS). Just an acknowledgement that loathsome charlatan Neill Ricketts has resigned with immediate effect. Did he resign or was he resigned?

  3. Ariana Resources – Bad News From Tavsan, But Still A Buy
    AIM-listed Gold producer in Turkey, Ariana Resources (AAU) made an announcement intra-day on Friday – highly unusual for it. Intra-day announcements are not usually good news, and Ariana conformed to this: the RNS was to tell us that construction of Ariana’s second Gold mine at Tavsan has been suspended. 

  4. Ariana – Following Friday’s Intra-Day Tavsan Bad News, An Update On Venus
    AIM-listed Gold producer in Turkey, Ariana Resources (AAU), had a torrid time in the market yesterday, following bad news on its Tavsan mine last Friday. This morning we got an update on Venus Minerals, which has been awaiting a stock market flotation. Was that news any better?

  5. The fraud WANdisco – it was always a dog
    Yesterday we learned of the mammoth fraud at Wandisco (WAND) which may well sink it. Bulls always pointed to huge forecast earnings but while the FCA always tells us that the past is no guide to the future it often is. We perma bears pointed to the actual numbers.

  6. The ShareProphets Sunday Pub Quiz #178
    It's time for the ShareProphets Sunday Pub Quiz.. There are no prizes!  And remember, no Googling! And since I screwed the question about The Professionals last week (Lewis Collins DID play Bodie), everyone should add an extra point to their score.

  7. Buy Supermarket Income REIT
    Wanting some secure income with some future upside potential? How about inflation-linked, long income from grocery property? This and a share price currently down below 90p suggest to us that shares in Supermarket Income REIT (SUPR) are a Buy.

  8. What an awful day at the office for Invesco, specialist investors in tech
    We are always told by some folks that you should follow the professional fund managers as they know what they are doing and we private investors are just mugs, Today there have been two enormous blow ups in the tech space both of which we have warned about repeatedly. IQE (IQE) and Wandisco (WAND). Both have a big institutional backing as you can see below.

  9. Put your workers on a 4 day week on full pay and watch revenues rocket: pseudo capitalism it is so easy when your sales are pure fiction!
    A pilot scheme where workers got full pay for doing just 4 days a week was recently hailed by those organising it as a triumph and among those wheeled out to boast of its success was David Richards MBE of Wandisco (WAND). claiming his company's sales had rocketed seven fold and productivity was up 25%. In fact ...

  10. Supply@Me Capital – 65% of Alessandro Zamboni’s holding secured against loan
    On Friday, Supply@ME Capital (SYME) published the following TR1 RNS about Alessandro Zamboni’s holding in the cash strapped fraud The TR1 was described as a “Voluntary notification following the issuance of the exercise of open offer warrants, issues of equity and total voting rights RNS by Supply@ME Capital plc on 02/03/2023.” Given the percentage holding changed from 22.51% to 22.50% some Bulletin Board Morons questioned the need for the disclosure.

The most-listened to Bearcasts this week were:

  1. Tom Winnifrith Bearcast: what to think about 3 gold miners? Has the curse of Chris Cleverly struck again? Today I look at Conroy Gold & Natural Resources (CGNR), Ariana (AAU) and Bluebird Merchant Ventures (BMV). Then at pantheon Resources (PANR) and at ADVFN (AFN). Finally Evil Banksta has sent me this Bulletin Board post below on Technology Minerals (TMI). I have always been bearish on this stock as any company in any way linked to Chris Cleverly is always a dog with fleas. The post below looks to be kosher, thought it may not be, so, I suspect, does not alter the bear case and my target remains 0p. 

  2. Tom Winnifrith Bearcast: Atlantic Lithium collapsing on Blue Orca bear dossier I start with a rant about the fecking GPs and the bloody teachers as approx. 0.0 inches of snow accumulates and my father in law has to go to hospital again. I am so bloody angry about both. Then it is onto the collapse in the share price of Atlantic Lithium (ALL) – about which I explicitly warned you all just under four months ago HERE – after a bear dossier was published: see below. Then I look at Red Rock Resources (RRR), some of the #IWD jokes including one from Jeremy Corbyn and one from Guild Esports. Finally it is ouzo o’clock as musicMagpie (MMAG) serves up dire results and warns of tough times ahead. Footnote: at 4.15 PM Atlantic shares were suspended "pending an announcement"

  3. Tom Winnifrith Bearcast: The $1 billion AIM fraud, IQE & Atlantic Lithium merit lots of ouzo tonight as the teachers disgrace themselvesI start with the fecking stay at home in the face of sod all snow teachers, who are a disgrace as I explained HERE. Then it is onto Ben's Creek (BEN) as disgraced Peter Shea emerges from under a stone, then IQE (IQE) , Wandisco (WAND), Atlantic Lithium (ALL), BSF Enterprises (BSFA) and Hammerson (HMSO).

  4. Tom Winnifrith Bearcast: Ariana sins on Friday, buy sell or hold? Putting out an RNS at 3.59 PM on Friday is not something I like. But should buy, sell or hold shares in Ariana (AAU) with the stock down to 2.8p.

  5. Tom Winnifrith Bearcast: TW is a total bastard In today's Bearcast, I discuss Power Metal (POW), Versarien (VRS), including why Dianne Savory OBE should be publicly apologising to my wife today, Verditek (VDTK), Victoria Oil & Gas (VOG), Aferian (AFRN) and Argo Blockchain (ARB)

  6. Tom Winnifrith Bearcast: Victoria Oil & Gas, the Fooman, and Administration Young Steve is not well so it really is just me holding the fort on a day when childcare and the Young Mum's Group curtail my own hours. Notwithstanding that I bring you thoughts on the late Victoria Oil & Gas (VOG), Revolution Beauty (REVB) and Boohoo.com (BOO), Genflow Biosciences (GENF), Wood Group (WG.) and Pantheon Resources (PANR)
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