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Notes from Underground – Most read articles for the week ending Mar 8

By Darren Atwater | Sunday 9 March 2025


 


And yet again, Nigel Somerville is the most read non-Tom article, at number 3 or number 4 including Bearcasts for The View From The Montana Log-Cabin As JRB’s Call On Gold Bang On The Money.

The most-read ShareProphets articles this week were:

  1. BREAKING: The mini bond fraudsters at the 79th Group now arrested and the TrustPilot Reviews, can you believe a word on that website?
    The 79th Group is the latest and seemingly most tawdry mini bond scandal. Once again naïve punters read the word “bond” and thought “safe”. Then they were promised returns of 12-15%. Lured in by greedy IFA’s being paid fat commissions the cash rolled in.

  2. BREAKING: ADM Energy – the REAL story behind CEO Stefan Olivier’s “resignation”
    On Friday 21st February it was announced that ADM Energy’s (ADME) then CEO Stefan Olivier had “resigned” with immediate effect. Such resignations are rare in business, certainly in the Plc arena and generally speak to material issues within the CEO. I can reveal, co/ Winnileaks, that what actually happened was shocking.

  3. The View From The Montana Log-Cabin As JRB’s Call On Gold Bang On The Money
    Gold closed the week at $2,857 – down on last week’s $2,935 and showing that our favourite technical analyst, Jordan Roy-Byrne of TheDailyGold.com was bang on the money with his call that a correction was coming and my caution. I don’t think the drop is significant, however, and Mark Watson Mitchell’s warning that nothing goes in straight lines come to mind. The yellow metal has had a great run so far this year: a correction/profit taking is inevitable.

  4. SHOCKING EXPOSE: 79th Group – the hidden £43 million of UK trading losses, did nobody at the FCA, Novum or First Class do any due diligence?
    The news broken HERE yesterday that the 79th Group appears to have been a scam might not have been such a surprise if the dubious quality advisers who persuaded their clients to lend them money if the advisers or their investees had done some research. The first major red flag is that 79th Grp isn’t registered with the UK regulator, the FCA. So it was conducting unauthorised investment business. How the feck did the FCA then approve a prospectus allowing to to seize control of First Class Metals (FCM). It gets worse.

  5. Ariana – Good News From Dokwe But Still No Mention Of The Elephants, African and Australian
    AIM-listed Gold producer Ariana Resources (AAU) has announced another very positive update from its Dokwe project in Zimbabwe in the form of another upgrade to the resource, up another 9% to a total of 1.4 million ounces in-pit with plenty of room for further improvement.

  6. Eco Buildings – “advanced negotiations to secure a large volume contract”, significant catalysts ahead?
    Eco Buildings Group (ECOB) has announced that it has delivered and constructed its first show house in Chile. This is potentially highly significant as the show house constructions are noted as “the last step in the due diligence process being undertaken by the Chilean government” and, at a 5.5p share price, the current market cap here is just £4.6 million.

  7. Quartix Technologies – emphasises “pleased to announce” results, but well behind earlier expectations…
    ‘Vehicle tracking systems, analytical software and services’ company Quartix Technologies (QTX) states that it “is pleased to announce its audited results for the year ended 31 December 2024” and what of the shares currently over 16% higher to above 180p, an £88 million market cap, in response?

  8. Greggs – full-year results emphasise “Strong progress”, so why an even further share price fall?…
    Writing on ‘food-on-the-go retailer’ Greggs (GRG) in January, with its shares falling below 2400p, I concluded that it was still sensible to prefer products from its broadening menu than the shares. The shares most recently closed at 2082p and what of them currently well below 2000p on the back of results for the company’s year ended 28th December 2024 despite the results headlined “Strong progress, with milestone £2 billion sales and record profits”?

  9. BREAKING: First Class Metals PLC knowingly going under control of company under fraud investigation, arrests made
    It takes a lot to shock me but events today at First Class Metals (FCM) on the main market are just so truly appalling that I cannot see h9w advisor Novum has allowed a shambles like this to occur. Where on earth is the FCA?

  10. Versarien - back with a request for yet another bail out placing, and the old 15% spoof again
    Some things like death and taxes are unavoidable certainties and you can add Versarien (VRS) placings to that list.

The most-listened-to Bearcasts articles this week were:

    1. Tom Winnifrith Bearcast No 1: Argo Blockhain new debt, this is insanity and makes no sense
      I have chatted to Evil Banksta and we agree. The term sheet for $40 million of new debt announced today makes no sense at all. Argo Blockchain (ARB) is still up merde creek without a paddle and today's share price reaction is insane, this is still a slam dunk short.

    2. Tom Winnifrith Bearcast No 2: Stefan, Alessandro and Adrian a failure of regulation
      I have more details on the ADM Energy (ADME) CEO scandal I exposed earlier and discuss how regulators should, but will not respond, referencing their failures with Alessandro Zamboni and Dominic White and also Adrian Beeston of Argo Blockchain (ARB).

    3. Tom Winnifrith Bearcast from the cat piss room: On Ukraine and UK house prices
      I am in a new location, let me know about the acoustics. The on Ukraine and peace and on UK house prices, Rightmove (RMV) and the housebuilders

    4. Tom Winnifrith Bearcast No 3: Greetings from the cat wee room again
      In today's podcast I look at defence stocks, manufacturing confidence, Georgina Exploration (GEX), Victoria (VCP) - which really could be a zero from today's £$100 million +, Roquefort (ROQ), Argo Blockchain (ARB), Versarien (VRS) and Optibiotix (OPTI)

    5. Tom Winnifrith Bearcast No 3: RIP the Daily Mail market report
      I look back with some sadness to my, happy, times on Fleet Street 30 years ago and discuss three takeaways from this sad demise.

    6. Tom Winnifrith Bearcast No 2: are there any listeners living or working near Southport who can assist me?In today's podcast I cover the 79th Group and its car park, Kenmare (KMR), APQ (APQ), Totally (TLY),m Powerhouse (PHE), a cracking short, and Hydrogen Utopia (HUI) where nothing makes sense.

    7. Tom Winnifrith Bearcast No 2 - As Avacta plunges again am I being far too generous with a 20p target?Greetings from the cat wee room where there is now an after odour of bonfire as I have broken my work with some pyromania. Today I discuss Avacta (AVCT), Oxford Nanopore (ONT), First Class Metals (FMC), Vela (VELA), Greggs (GRG), Blackbird (BIRD) and Argo Blockchain (ARB)

    8. Tom Winnifrith Bearcast No 1: crossing swords with the FemiNazi PR woman again as I look at pot play Ananda
      Last time Sarah McLeod had a go at me over my most excellent analysis, which she termed a "hit job" it was Celadon (CEL) and we all know how that turned out. This time it is Ananda (AND) the £21.6 million capitalised pot play run by Melissa Sturgess. I have a few questions not least about the valuation and the aggressive stock promotion.

    9. Tom Winnifrith Bearcast No1: the shares are collapsing and the silence is deafening, where are scumbag advisors Novum and the useless FCA?
      Yes it is back to the mini bond ponzi fraud scandal the 79th Group and to First Class Metals (FCM). I explain why the 79th must collapse either soon or not quite so soon and why First must accept that, issue an RNS and brace itself for its own shares, already falling fast, to crash.

    10. Tom Winnifrith Bearcast No2: from Wrexham to York to the Ukraine
      U start with macro babble after a long chat with Lucian Miers then it is Apple, Ferrexpo (FCPO), Avacta (AVCT), First Class Metals (FCM), Technology Minerals (TM1) and the market demise of MaxRets Ventures (MAX), the 3rd delisting from the Domini White/ Alessandro Zamboni white collar crime stable.

    11. Tom Winnifrith Bearcast No 1: First Class Metals now a near zero, this scandal is appalling, naming names
      I will shortly be publishing a piece on the accounts of mini bond fraudsters 79th Group, now the subject of a Police investigation with arrests made. It now owns 50% of First Class Metals (FCM) and its boss is First's new chairman, appointed after the arrests were made public. I name the names of those who have fecked it up, the crooks and explain why First is now toast.

    12. Tom Winnifrith Bearcast: a Versarien owning Kraut wants to save my reputation
      My brother in laws are both half Krauts so I must not be too rude. I start on this matter then look at the Colin Bird mining tiddlers and what is going on at Tiger Royalties (TIR), then why Novum thinks lying to investors is fine and dandy then what am I missing, why is TrustPilot (TRST) not a massive short. I also look at why you go short bitcoin long gold as a pair trade if you think the US economy is in trouble so stockmarkets will stumble.

    13. Tom Winnifrith Bearcast No 1: Avacta demonstrates disastrous diworsification and unimpressive trial results
      Bulletin Board Morons want to believe the AVA 6000 trial results out today are good. They are not. And even the biggest chatroom gerbil out there cannot deny that diworsification has been a disaster after Avacta's (AVCT) move into diagnostics has been reversed. 
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