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Notes from Underground – Most read articles for the week ending May 17

By Darren Atwater | Sunday 18 May 2025


 


The most-read, non-Tom article at 3 or 7, including Bearcasts, is by Nigel Somerville with The View From The Montana Log-Cabin As Gold Stocks Outperform the Metal.

The most-read ShareProphets articles this week were:

  1. Will you pledge your shares in Optibiotix to sack chairman Neil Davidson and NED Sean Christie?
    I believe Optibiotix (OPTI) will deliver month on month profitability later this year and that its shares are cheap. But following the latest share sale debacle I have lost patience and would like to see an EGM called to sack chairman Neil Davidson and his gimp NED Sean Christie.

  2. BREAKING: The Alessandro Zamboni nest of vipers: Reg Tech Open Project – another hidden administration exposed!
    In yesterday’s article on Nuburu (US:BURU), I revealed that Alessandro Zamboni, the Executive Chairman not Chairperson (“I don’t do woke speak”) had purchased 20% of a SAAS business which I believe to be now delisted Reg Tech Open Project Plc (RTOP) or a successor entity which owns the business assets as follows:

  3. The View From The Montana Log-Cabin As Gold Stocks Outperform the Metal
    Gold closed the week at $3,323 – healthily up from last week’s $3,240 but yet to challenge the recent all-time high at $3,500. The correction drags on: our favourite technical analyst, Jordan Roy-Byrne of TheDailyGold.com often reminds us that corrections can be to the price or just hold up progress for time. However, Gold stocks had a rather better week as can be seen on the chart below of Gold against the ETFs GDX (majors), GDXJ (juniors) and GOEX (explorers).

  4. MyCelx Technologies – 2024 results argue “look forward to updating… on the company's progress over the remainder of 2025”. Er, how did similar for 2024 go?!…
    Most recently on “clean water and clean air technology company” MyCelx Technologies (MYX), last month with the shares further lower at 24.3p I concluded latest overall developments were far from ‘pleasing’ and, at least ahead of the results detail, still avoid/sell. The shares most recently closed at 23p and what of now the company’s 2024 results and the shares currently falling towards 20p?

  5. Velocity Composites – emphasises contract renewal with “the UK's biggest defence contractor”, but the announcement attempted ramptastic?
    Describing itself as a “leading supplier of advanced composite material kits to the aerospace market”, Velocity Composites (VEL) has announced “Renewal of BAE Systems Contract”, emphasising this “for a further three years… with the UK's biggest defence contractor”. So what’s the details in relation to a current more than 10% higher Velocity Composites share price response to 26p?

  6. TT Electronics – now “Interim” CFO joins “Acting” CEO!
    In January engineered electronics company TT Electronics (TTG) was “delighted to be able to announce” the appointment of “Eric Lakin to succeed Mark Hoad as Chief Financial Officer, following the announcement on 14 November 2024 of his intention to retire after 10 years with the group. Eric is a highly experienced CFO with a proven track record in engineering and industrial sectors”. So with now the company announcing “Richard Webb will join TT as Interim Chief Financial Officer and a member of the board”, what’s going on?

  7. Evil Banksta: What on earth is going on regarding Argo Blockchain and the FCA?
    I believe that Argo Blockchain (ARB) is, and has been for a while, a technically insolvent POS run by scoundrels and that its shares are worthless, as I noted here the other day. And Liverpool’s greatest numbers man since Ken Dodd (and that other honourable scouser with a line in financial matters Mr Derek Hatton) agrees with me. Evil Banksta has a couple of questions for the FCA and opines:

  8. NUBURU and another joke release, will it convince Supply’s tinpot auditors to sign off?
    Shares in the insolvent fraud Supply@ME Capital (SYME) have now been suspended for 13 days because of its failure to get tin pot auditors Bright Graham Murray to sign off on what will be a work of fiction, that is to say the calendar 2024 accounts. Supply insists this is just last minute bean counting, the reality is that Bright will not sign off an insolvent company’s books when the only source of funding is Nuburu (US:BURU) which is itself insolvent and has welched on agreed funding commitments. Will the latest filing from Nuburu hoodwink Bright unto signing off?

  9. Zenova – “new factory facility in Albania now fully operational”, but the announcement ramptastic?
    Arguing it is a ‘fire safety and temperature management technologies’ “leading innovator”, Zenova Group (ZED) has issued an update that a manufacturing facility in Albania “is now fully commissioned and has produced the first batches”. However, how good is this news, with the shares currently approaching 30% higher at 0.25p in response?

  10. UPDATED: Oi Kefi where is the RNS? Surely this is price sensitive and positive?
    Normally Kefi Gold & Copper (KEFI) issues an RNS if its CEO belches after a good meal but today it is silent when there is clearly massively good news. Why?

The most-listened-to Bearcasts this week were:

    1. Tom Winnifrith Bearcast No 3: Why AIM is screwed - 2 companies that have spunked £130m raise again and a good company is forced to accept a low ball bid
      The bad compani8es are, of course, Versarien (VRS) and Mirriad (MIRI). The good company being bought on the cheap at £297 million is pawn broker & gold play H&T (HAT), a winning Steve Moore share tip. Today explains all that is wrong about AIM 

    2. Tom Winnifrith Bearcast No 1: No! No! No! Optibiotix this is not acceptable
      I start by countering points made by Sohail on immigration and the need to import unskilled workers. Then it is onto Optibiotix (OPTI) and its attempts to fend off an EGM. It really does not get it. What do you think of its plan? It makes me livid and almost makes me think that Steve O'Hara should also be sacked.

    3. Tom Winnifrith Bearcast No 2: Happy Birthday Dave Lenigas as gold and gold shares tumble
      Using Leni-maths Big Dave is, apparently, 35 yet again. I look at the falling gold price and what it means for miners generally. I mention Amaroq (AMRQ), Greatland (GGP), a company I should not and Wishbone (WSBN)

    4. Tom Winnifrith Bearcast No 1: 3 stocks I own and one young Will thinks I must own despite it involving breaking a golden rule
      All four companies have had news. I discuss Amaroq (AMRQ), Eco Buildings (ECOB), Imperial Brands (IMB) and Advanced ADVT (ADVT). I have also got agreement from someone prepared to be the new chairman of Optibiotix (OPTI). No word from O'Hara yet on whether Neil Davidson will go quietly or will have to be pushed.

    5. Tom Winnifrith Bearcast: folks doing Leni-maths at Vast Resources and at Smarter Web
      I start with the sad demise, I really do mean it, of trained killer Simon Mann of Hydrogen Utopia (HUI) and a couple of words on Optibiotix (OPTI) then onto the quite insane Leni-Maths at Vast Resources (VAST) and the Smarter Web Company (SWC) now capitalised at £32 million so needing a $6.5 million bitcoin price to be fair value.

    6. Tom Winnifrith Bearcast No 1: feeling rather sorry for bearded Geordie poltroon Stuart Ashman
      It is no secret that I am not the biggest fan of the Skinbiotherapeutics (SBTX)boss but I explain why I feel rather sorry for him today and what he should do.to get tiresome mug punters off his case.

    7. Tom Winnifrith Bearcast No 2: IQE's problem is just that it is a shite business so not worth a fraction of £88m
      I start with a greeting to the FCA and AIM Regulation as I am told both are keen listeners, then the Orwellian con of Labour's immigration proposals and the issue of scarce workers in social care. Then it is paying a high price for certainty and a stock I don't write about. Then it is Argo Blockchain (ARB), Petra Diamonds (PDL) and IQE (IQE), 1 zero, 1 almost zero ands 1 just grossly overvalued. Oh and IQE needs to stop the cover up for Drew Nelson.

    8. Tom Winnifrith Bearcast No 2: A masterclass in buy & build from the Queen and a case study in kicking yourself in the PR gonadsIgnore the golden rule about not backing a stock where you fancy the boss, I discuss Vin Murria's genius at AdvancedAdvT (ADVT) and then PR kicking yourself in the gonads again by a company which I don't write about.

    9. Tom Winnifrith Bearcast: Stunning numbers from Merlin Strategy show just how out of touch our rulers are
      Whatever you think about immigration these poll numbers are dramatic and indicate a land very much not at ease with itself. Then onto Conroy Gold & Diamonds (CGNR), Genflow (GENF), Vinanz (BTC) and more spoofing from David Lenigas, rowing with the City establishment fellow PL on Kinovo (KINO) and a word about a possible new speaker at Sharestock. Book your seats for my last show on September 6 HERE.

    10. Tom Winnifrith Bearcast No 2: scumbags!
      In this podcast I have a couple of admin matters to report on, I reflect on Eurovision scumbags last night and then four corporate scumbags at Optibiotix (OPY), Celadon (CEL), Blue Star Capital (BLU) and Braveheart (BRH).

    11. Tom Winnifrith Bearcast No 1: A litany of red flags and how to read today's shocker at Revolution Beauty
      I cover the £495 million to £13 million AIM scandal from IPO to how to read today's shocker. At the end in a sort of related way I look at the latest bonkers missive from the Versarien (VRS) owning Sour Kraut. 

    12. Tom Winnifrith Bearcast No 1: Dave Lenigas you frigging spoofer a death spiral is NOT a bridging loan!
      Four months after saying that it was fully funded for a year, Vinanz (BTC) the cash guzzling bitcoin miner run by Big Dave Lenigas, has taken outa death spiral but calls it bridging finance. Saints preserve us, how is such spoofing allowed?
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