Technology Minerals – now about that legal action over the unpaid £391,000 Oddly enough Technology Minerals (TM1) – the company that stinks with numerous links to the fraudster Chris Cleverly of Tingo (US:TIO) infamy – has not mentioned this huge legal threat. I do hope it has flagged this up with the FCA as it struggles to get an RTO prospectus approved. I bet it has not.
Sarah Willingham's NightCap – silence is violence ( for the share price) In 2022 Nightcap (NGHT) announced on 3 November that its full year results to July 2 would be published on 10 November and they were. A week’s notice was given. We are now on November 6th and there has been no announcement of when results will be out this year. Good news travels fast, bad news is delayed. So, what’s afoot, a source well acquainted with the company has contacted me.
October AIM statistics – another disaster and a £40 billion question The numbers do not tell a lie and are truly dreadful. In October nine companies left the casino and zero joined. That makes it the worst month of a dreadful year to date which has seen 59 departures and just 12 arrivals. The number of companies on the sewer was 769 at the end of the month, the lowest since early 2003. But there is a more damning statistic.
The View From The Montana Log-Cabin As Gold Tests $2,000 Gold closed the week at $1992 – a shade below the psychologically important $2,000, having been a shade above it last week. The Fed held interest rates, as did the useless Andrew Bailey’s Bank of England, and US Treasury yields retreated.
The most-listened to Bearcasts this week were:
Tom Winnifrith Bearcast: A tale of two wars and more nonsense from Malcolm Many folks have not liked what I have written about the Russia Ukraine war but it looks very much as if my prediction on its outcome is coming true and I assess what that means for shares and oil. Then to the Hamas Israel war and I make a couple of calls on how that will go and what that means for gold, oil and Israeli shares. Then onto Malcolm on ethical investing and why he is wrong to ignore bottom up analysis as he hops on another bandwagon.