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Notes from Underground – Most read articles for the week ending 27 April

By Darren Atwater | Sunday 28 April 2024


Here are the most read articles and the most listened-to Bearcasts over the past seven days. The most read non-Tom article last week is by Steve Moore, with Aferian – “positioned… on the strongest possible foundation for the future”. Er, what about the trading warning, maturing banking facility & upcoming lack of CEO?! at No 3 or No 9 including Bearcasts. 

The most-read ShareProphets articles this week were:

  1. BREAKING: Sack the board call at Tirupati by a serious team
    A letter went to Tirupati Graphite (TGR) yesterday demanding wholesale boardroom change after years of shocking corporate governance we have exposed here. The requisitioners are serious but, needless to say, Tirupati has not let shareholders know.

  2. Chill Brands CEO suspended on insider dealing allegation but is this all it seems?
    Say what you wish about Chill Brands (CHLL) but at least, as it destroys the wealth of its investors, the company never ceases to entertain. In today’s episode of nicotine free CBD enhanced beer and popcorn, it has been announced that CEO Callum Sommerton has been suspended on the basis of allegations of “the use of inside information.” But is this what it seems?

  3. Aferian – “positioned… on the strongest possible foundation for the future”. Er, what about the trading warning, maturing banking facility & upcoming lack of CEO?!
    B2B video streaming technology company Aferian (AFRN) has issued “Trading Update” and “Board Change” announcements, including Chairman Mark Wells stating “our 24i video streaming business has made good progress this quarter and I am confident that the timely management actions taken in the last twelve months have positioned the group on the strongest possible foundation for the future”. So what of a share price currently 30% lower to below 9p in response?
  4. Ariana – Surprise!
    AIM-listed Ariana Resources (AAU) offered up a big surprise this morning – it is to buy Rockover, the owner of the Gold mine in Zimbabwe that Ariana already had a small hand in already. Generally I don’t like surprises and was somewhat taken aback by the news.

  5. BREAKING: 88 Energy has been trying to get a A$20 million placing away - City Source
    I noted last week that at 0.45p 88Energy (88E) was capitalised at c£250 million which was insane. Natch scores of gerbils knew better than old TW@! A week later the shares are at 0.194p, still a £100 million market cap and I speculated today that an equity placing was needed. A source familiar with the situation has come forward. They say:

  6. Just how stupid are some shareholders in Ben’s Creek? Words fail me
    They ignored numerous red flags and warnings on this website. They insisted they knew better than old TW. And now with its subsidiaries in Chapter 11, Ben’s Creek (BEN) is clearly a zero. But for the deluded this is all some great conspiracy to deprive them of vast wealth. And so they have started a petition.

  7. Why is Russell Fryer not being fired as CEO of Critical Metals PLC?
    After hours on Friday came an RNS from Critical Metals PLC (CRTM) which shows that its CEO Russell Fryer is a crook who has dumped shares and actively misled investors. And he is still doing so. Why has he not been fired? With Fryer in charge this company is utterly uninvestable. Let’s be clear Fryer should, at least, be fired and not allowed to run a listed company again. If I was running the FCA I’d be looking to see if he could be jailed.

  8. Gold suffers largest 1 day drop in 14 months, "don't panic" says Ross Norman
    It is clear that some folks were not listening to Corporal Jones, sorry Ross Norman of Metals Daily. He insists the bull market is intact and writes:
    Not all buying is equal and that is becoming apparent to gold.

  9. Ariana – More Thoughts On Yesterday’s Surprise Move
    I’ve been chewing over the announcement yesterday by AIM-listed Ariana Resources (AAU) which is to takeover Rockover Holdings, the owner of the Dowke Gold project in Zimbabwe. There are a few salient points here.

  10. James Parsons given the order of the boot – Coro suspended: and there is more to come
    Once upon a time James Parsons appeared to walk on water. Folk like Brokerman Dan waxed lyrical about how the Parsnip could create value from nothing. Zak Mir’s charts looked great. They always do. In reality it was all a great promote and the castle built on sand that was Sound Oil/Energy (SOU) crashed to earth. Today shareholders in Coro Energy (CORO) have voted Parsnips off its board and its shares have been suspended. I can reveal that worse is to follow…

The most-listened to Bearcasts this week were:

  1. Tom Winnifrith Bearcast: No Comrade Brian Basham you are a crackpot commie and wrong about capitalism
    I start with the champagne socialist and his take on the scandal at Critical Metals (CRTM). Then it is on to Aferian (ARN), Revolution Beauty (REVB), Technology Minerals (TM1), DCI Advisors (DCI) and 88 Energy (88E).

  2. Tom Winnifrith Bearcast: DCI Advisors - dirt cheap shares or a £42m big fat Greek zero?
    Eleven years after my last lawyers letter from what was then Dolphin Capital I discuss what is now AIM listed DCI Advisors (DCI). KPMG, what was FinnCrap, Greek litigation, it has the lot. Enjoy. The Kilada photos are HERE. There is also a good news update on the cat.

  3. Tom Winnifrith Bearcast: What Argo Blockchain hides in the small print
    I start with a point of order for one of you who really is a prick. Then I look at Anglo American (AAL), Jubilee Metals JLP), have a few more words on Ariana (AAU),Catenai (CTAI), Destiny Pharma (DEST) and Argo Blockchain (ARB)

  4. Tom Winnifrith Bonus Bearcast: the Ariana Zimbabwe merger and M&A activity among gold miners, is it yet a frenzy?
    The podcast is what it says on the tin. I consider the Ariana (AAU) deal as a shareholder but also a Zim sceptic and explain a new price target.

  5. Tom Winnifrith Bearcast: is it racist to wish you a Happy St George's Day?
    It probably is and Joshua, Olaf, Jaya and I am not, for obvious reasons celebrating myself but the Mrs is so if you are brave enough to wave a flag and so get reported for a hate crime, I wish you a Happy St George's Day. Then I sip the cup of Schadenfreude with the vicar and look at Bushveld Minerals (BMN), at the comedy show at Ben's Creek (BEN) and at my GOTCHA scoop and 88 Energy (88E). No need for me to get a journalism award for yet another scoop, save it for some PR cocksucker from the deadwood press. I have more words on Technology Minerals (TM1) and then there is a detailed look at Microsalt (SALT) which looks to me to be at least 66% overvalued.  

  6. Tom Winnifrith Bearcast: Dirty tricks by the Tirupati board or just a total moron?
    In today's bearcast I explain, again, free speech to Magna Carta, I look at Tirupati Graphite (TGR) after THIS SCOOP, Gear4Music (G4M), Ironveld (IRON) and more Karma for Richard Jennings to enjoy and finally at the Critical Metals (CRTM) scandal.

  7. Tom Winnifrith Bearcast: Farewell and RIP Miles Stuart-William
    Just sixty, a true City gent, it makes you think. I then comment on Anglo American (AAL), Darktrace (DARK), World Chess (CHSS) and Regtech Open (RTOP) and its new auditors and on Victoria (VCP)

  8. Tom Winnifrith Bonus Bearcast No 2 - a long Zoom call with Kerim Sener and buying more Ariana shares
    My hands really are playing up today with the old Carpal Tunnel Syndrome. I shall be seeing the Shipmans later today. So there will be three podcasts today as I explore more complicated subjects where i just cannot knock out 3000 words right now! Second up, I bought more shares in Ariana Resources (AAU) last night and today enjoyed a long zoom call wit Kerim Sener, its CEO. I hope this podcast puts some of the canards doing the rounds to the sword and explains why I am so enthusiastic. 

  9. Tom Winnifrith Bonus Bearcast: the chatroom gerbils rush to defend bent CEO Russel Fryer of Critical Metals
    I spell out in precise detail why Fryer should be sacked and why a failure to sack him, let alone to try and jail the £200,000 a year scoundrel, is so damaging. I look at how brain dead gerbils rush to defend him, by attacking an article they have not read and ignoring the truth. I ask if broker Fox Davies and PR firm St Brides care about the rules and their tawdry reputations or just about making money.

  10. Tom Winnifrith Bonus Bearcast No 1 - the case for RenationalisationMy hands really are playing up today with the old Carpal Tunnel Syndrome. I shall be seeing the Shipmans later today. So there will be three podcasts today as I explore more complicated subjects where i just cannot knock out 3000 words right now! First up renationalisation of rail, water and anything else. The zeitgeist is to do it but the crowd and the GroupThink are wrong. I reference this article by myself on water supply in Cape Town.

  11. Tom Winnifrith Bearcast: So what if UK listed companies go abroad? I blame the greed of the City
    I discuss the sharp fall in AIM stocks and the apparent loss of blue chips to bids or relistings which seems to terrify Andrew Monk, Paul Kavanagh and the deadwood press today. I blame crony capitalist greed and argue it does not matter. Then more on the Regtech Open (RTOP) auditor issue.
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