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Notes from Underground – Most read articles for the week ending May 31

By Darren Atwater | Sunday 1 June 2025


 


We have found the writer who can at last best Nigel Somerville with the most-read, non-Tom article. Of course, it’s me with last week’s quiz coming in at number 3 (or number 12 including Bearcasts). Second place went to Steve Moore’s Time Out Group – “new franchise agreement” emphasising “unmatched digital and real-life model”. Er, what about the just-announced “strategy review”?! Nigel came next with The View From The Montana Log-Cabin As Trump Spikes Gold Again.

The most-read ShareProphets articles this week were:

  1. Optibiotix: tell us about that £500,000 share trade announced last thing on Friday?
    On Friday morning, Optibiotix (OPTI), whose liar of a CEO had said that it was funded through to profitability later this year, announced a discounted placing at 14p with warrants at 21p. The lying CEO, Steve O’Hara, insisted that £500,000 of that cash came from a specialist “institutional investor with previous experience of investing in companies with weight management products who became aware of OptiBiotix's recent launches of SlimBiome products in the USA.” I bet my entire Cheryl Cole poster collection that this was bollocks.

  2. Legal and General - a shareholder writes
    As it happens I am a shareholder in Legal & General (LGEN) but it is not me but a chap called James Graham who attended the AGM and has posted the threat below on X. It is a great read, he even talks of GroupThink, my late Uncle Christopher Booker would have been delighted.

  3. The ShareProphets Sunday Pub Quiz #295
    It's time for the ShareProphets Sunday Pub Quiz. There are no prizes!  Remember, no Googling!

  4. Time Out Group – “new franchise agreement” emphasising “unmatched digital and real-life model”. Er, what about the just-announced “strategy review”?!
    Time Out Group (TMO) has today announced a “franchise agreement to launch Time Out India… a unique proposition, both for consumers and commercial partners to connect with this valuable audience”. The shares have currently responded slightly higher to 27.5p, but are still down from above 30p earlier this month, so is this latest financially-significant or more attempted ramptastic?

  5. The View From The Montana Log-Cabin As Trump Spikes Gold Again
    Gold closed the week at $3,357 – well up on last week’s $3,201 after Donald Trump took a sledgehammer to the EU trade negotiations with 50% tariffs. As can be seen on the chart below of Gold against the mining ETFs GDX (majors), GDXJ (juniors) and GOEX (explorers), the miners – already having a strong week - roofed it.

  6. One AIM Shambles After Another. The System Is Broken.
    This week saw two stalwarts of ShareProphets writings deliver such bad news that Tom Winnifrith turned on them. Not so long ago, I turned on Ariana Resources (AAU) – also of the AIM Casino. We all know there are bad actors – not only on AIM, but affecting all of the London smallcap scene. What makes it different now is that even the apparently good players are just taking the piss.

  7. Technology Minerals – Letter to PKF Littlejohn
    I have written to Joseph Archer the bean counter at PKF Littlejohn who signed oiff on the June 30 2023 accounts from Recyclus Limited about the missing and way overdue accounts for last year. Recyclus owes Technology Minerals (TM1) £9 million and is 48% owned by Technology. I suggest that both companies are technically insolvent and with Recyclus trying to do an EIS fund raise, Archer should be alerting investors.

  8. Seven days since the £500,000 “investment” and still no TR1, at an EGM who should be sacked?
    I accept that it is the responsibility of the “investor” who Steve O’Hara claims put £500,000 unto Optibiotix (OPTI) in last Friday’s discounted 14p placing, to serve up a Tr1. But as the trade now happened more than a week ago, O’Hara could chase the matter or could simply name the investor. He will not. Just as he now refuses to return calls or emails from me. It is not as if he wants to move forward amicably and behind closed doors.

  9. Liam “the toke” Murray – where is the TR1 or did Optibiotix lie again?
    If Liam “the Toke” Murray at Nomad Cairn was not either useless or stoned he would have, by now, forced someone at Optibiotix (OPTI) to fall, on his sword for fabricating an RNS quote from a then unconscious CEO on October 10 last year, a clear breach of AIM Rule 10. And with that failing we now turn to the missing TR1 which may show Optibiotix lied in an RNS.

  10. Ariana – ASX Listing Delayed Again As Elephants In Room Still Ignored
    AIM-listed Gold producer in Turkey and owner of the Dowke Gold project in Zimbabwe Ariana Resources (AAU) announced this morning that its proposed dual-listing in Australia has been delayed yet again, now to Q3 this year. It has also changed the lead manager for the listing to Shaw & Partners, now supported by Leeuwin Wealth as co-manager. Plus ca change ...

The most-listened-to Bearcasts this week were:

    1. Tom Winnifrith Bearcast No 1: Dealing with a hopeless NHS today and Kefi's "news"
      I just cannot figure why the NHS is so unproductive. I relay my experience today before analysing what Kefi's (KEFI) news means

    2. Tom Winnifrith bearcast: why am I wrong to feel so bearish about everything in the UK?
      I worry that we are all doomed and everyone is in denial. Tell me why I am wrong

    3. Tom Winnifrith Bearcast: The Kefi rebellion is over, where next
      The rebels were never totally serious but have achieved one victory. So where next for the company and the shares?

    4. Tom Winnifrith Bearcast: is Bluebird Run by liars? Am I selling my shares?
      Another day and another reason to curse humanity for what appears deception. I discuss Bluebird Mining Ventures (BMV), why I am not selling my shares and what it should do.

    5. Tom Winnifrith Bearcast No 2: madness!
      More on Bluebird (BMV) & Optibiotix (OPTI) and failing Nomads. Then comrade Swanny bails, for once, at doomed Technology Minerals (TM1), Avacta (AVCT), Vinanz (BTC), The Smarter Web Company (SWC) and madness at Cel AI (CLAI)

    6. Tom Winnifrith Bearcast No 2: now £200m of madness that will go up in smoke across 4 UK bitcoin as a treasury companies
      Regulators should be all over this. I discuss what increase in the bitcoin price is needed to justify the current share prices of Vinanz (BTC), The Smarter Web Company (SWC), Ckyel AI (CYK) and Cel AI (CLAI) and the scoundrels behind each of them.

    7. Tom Winnifrith Bearcast No 1: Probiotix a three bagger or an eight bagger?
      I consider results from Probiotix (PBX) now will the directors buy a meaningful amount of shares?

    8. Tom Winnifrith Bearcast No 3: Brace yourself on tax, they are all lying to us
      UK tax rises will come soon and thy will keep on coming. The politicians are ALL lying to us about the mess we are in.

    9. Tom Winnifrith Bearcast No 2: FAO: WANKER WINNIFRITH, Oi Winnifrith you nasty piece of shite
      Scrounger Mike Langdon has sent another charming email so I discuss Vast Resources (VAST) and also Ariana (AAU) and Andrew Monk's beloved Invinity (IES), still a good short

    10. Tom Winnifrith Bearcast No 1: you are a cxxt who should be in jail said Robostox
      Updates on Georgina Energy (GEX), Probiotix (PBX), Ariana (AAU), The Smarter Web Company (SWC) Lift Global Ventures (LFT) and why Nativo Resources (NTVO) is not a cheap gold play as the foul mouthed X troll suggests

    11. Tom Winnifrith Bearcast: Is Nigel too harsh on Ariana?
      I look at the idea of $4800 gold, Ariana (AAU), and Amaroq (AMRQ), Prior1ty Intelligence (SPOOF), and Celadon (CEL) and end on a musical note from my youth.
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