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Notes from Underground – Most read articles for the week ending April 19

By Darren Atwater | Sunday 20 April 2025


 


As usual, the most read non-Tom article, at number 1 or number 1 including Bearcasts is by Nigel Somerville, The View From The Montana Log-Cabin As Gold Roofs It. The most read non-Tom, non-Nigel article is Four Easter Buys to double by Christmas & 4 shorts to halve (or more) by the year end - No 2 a SELL from Gary Newman by Gary Newman.

The most-read ShareProphets articles this week were:

  1. The View From The Montana Log-Cabin As Gold Roofs It
    So much for the correction! As previously suggested, it was short lived. Gold closed the week at $3236, up a whopping $199 on last week’s $3,037 and the Gold-mining ETFs GDX (majors), GDXJ (juniors) and GOEX (explorers) more than followed suit, as can be seen on the chart below (courtesy of ADVFN).

  2. EXPOSÉ: Supply@Me Capital and why its new auditors MUST issue an adverse opinion on its forthcoming accounts as regards using going basis of accounting
    As Bright Grahame Murray, the new auditors of Supply@ME Capital (SYME), starts thinking about the audit opinion it will be able to give on Supply’s accounts for the year ended 31 December 2024, I thought I would highlight a few matters for it to consider on the subject of going concern.

  3. Four Easter Buys to double by Christmas & 4 shorts to halve (or more) by the year end - No 2 a SELL from Gary Newman
    This is a series of eight detailed share tips for the Easter weekend. No 2 is a SELL from Gary Newman, a stock to short

  4. The Skinbiothereapeutics Investor Meet Video and my ten key takeaways
    I am not normally one to praise Stuart Ashman the CEO and Manprick the grossly overpaid CFO at Skinbiotherapeutics (SBTX) but yesterday’s investor meet presentation and Q&A was a very good showing by them both, especially Ashman. There I have said it. My key takeaways are:

  5. Gelion – proposed discounted equity fundraising and still more funding to be needed this year? (despite its accompanying ramptastic announcements)
    Most recently writing on AIM-listed company describing itself as a “global energy storage innovator” (hmmm, a costly area to ‘innovate’ in!) Gelion (GELN), last month with the shares above 10p I concluded ‘ahead of now even closer yet another attempted fundraising ahoy, avoid/sell’. The company today has announced “Factory Acceptance Test Complete & First Revenue” and “Breakthrough Sulfur Test Results and MTA agreed” titled announcements, though with also “Proposed Placing, Subscription & Retail Offer” – quelle surprise!

  6. The 84% marginal rate of tax which kills off UK PLC
    The media is full of MPs and lacky journalists praising MPs for going to work on a Saturday. Many if we folk who run SMEs work every Saturday ( and Sunday) so you will excuse me if I do not join in this praise. It shows just how out of touch the media and political class is that they deem this “sacrifice” by folks on £90,000 a year worthy of merit. More seriously it is claimed that saving the Scunthorpe steel works is part of a growth agenda. Bollocks.

  7. Four Easter Buys to double by Christmas & 4 shorts to halve (or more) by the year end - No 1 a BUY from Nigel Somerville
    This is a series of eight detailed share tips for the Easter weekend. No 1 is a buy from Nigel Somerville.

  8. As Gold Battles $3,300, What For The Miners?
    As I write Gold is battling with $3,300 – yet another record high. Even better, my largest holding, fully-listed Golden Prospect Precious Metals (GPM), has made its way through 50p per share – but its NAV per share is even higher. So what about the rest of my gold-mining portfolio?

  9. Calling all masochists: reminder Skinbiotherapeutics Investor Meet at 11 AM today
    Yes, I still think that shares in Skinbiotherapeutics (SBTX) are cheap at 19p, that there will be three quarters of revenues from Croda booked in the year to June 30 2025 with two quarters fully paid. But I see that the shares are off a penny today because we know what is looming.

  10. OptiBiotix Health – leading USA weight management brand first order, shares to treble or more
    OptiBiotix Health (OPTI) has announced a “first order from a leading weight management brand in the United States of America” and that “further information on the partner and brand will be announced on launch which the company anticipates will be in H1 2025”. So how encouraging is this latest order from an up to 17.5p share price, £17.1 million OptiBiotix market capitalisation?

The most-listened-to Bearcasts this week were:

    1. Tom Winnifrith Bearcast: Optibiotix and weight loss pills and Skinbiotherapeutics and the Croda bid rumour
      I discuss why the former is not, I believe a threat and why Optibiotix (OPTI) shares are so cheap and on the latter I comment on the idea that Croda (CRDA) might launch a cheeky 50p a share bid for Skinbiotherapeutics (SBTX). FWIW I think its unlikely although stranger things happen at sea.

    2. Tom Winnifrith Bearcast: Pantheon plunges on drilling failure, is it the cheapest or most expensive oiler out there?
      I start with lunch yesterday, Anguish & Loss and Amaroq (AMRQ). Then Argo Blockchain (ARB) and Pantheon Resources (PANR)

    3. Tom Winnifrith Bearcast: Never let the Mrs be in charge of the maps as 2TK tweets that Labour is leading the fight against cancer
      I start with a SatNav triumph from the Mrs. Then it is Scancell (SCLP) as Labour claims it will cure cancer, Celadon (CEL), Optibiotix (OPTI), Skinbiotherapeutics (SBTX) and Lucian Miers on Pantheon Resources (PANR).

    4. Tom Winnifrith Bearcast: a reader says I am too cautious on gold so should I bank profits in Ashanti and switch into Amaroq?
      Are there really 19 million Brits travelling today as my mum's cousins tell me? If so the journey back to Wales could be frightful. Then onto gold and why its actually not at an all time high and should go higher. In light on that I review all the gold stocks I own and ponder selling Anglo Gold aAshanti (US:AU) my best performer this year and buying more Amaroq (AMRQ) or maybe Ariana (AAU). Then it is Tern (TERN) and finally the woes of running Celadon (CEL) and Versarien (VRS) into the ground, of fobbing off creditors and not being able to look staff in the eye. I also flag up the 8 share tips coming to you this long weekend.

    5. Tom Winnifrith Bearcast No 2: As gold powers through $3300 will Andrew Monk please make his mind up
      I start on Jarvis (JIM) and the end of its time on the AIM Casino, worry that my pal Andrew Monk is getting a bit confused in his dotage, look at gold and 4 stocks I own with the elephant the one that has galloped! Then it is Sosandar (SOS) and today's news which must have turned its biggest supporter to drink. Again. 

    6. Tom Winnifrith Bearcast No1: Dire and misleading 2024 results from the crazy old coot Paul Griffiths and Predator Oil & Gas
      The old coot repeatedly asserts Predator Oil & Gas (PRD) has no debt then, in note 17, details its debts. He bangs on about how much cash it has but omits to mention that net current assets are negative. There is a clear warning of share issuances on the way. Predator is a dog with fleas that needs a one way trip to the vets.
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