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Notes from Underground – Most read articles for the week ending June 7

By Darren Atwater | Sunday 8 June 2025


 


And the world rights itself as Nigel Somerville once again has the number one non-Tom article this week (Number 5 with Bearcasts), The View From The Montana Log-Cabin As Miners Outperform Still Correcting Gold.

  1. The View From The Montana Log-Cabin As Miners Outperform Still Correcting Gold
    Gold closed the week at $3,288 – down from last week’s $3,357 as the sudden Trump Eurotariffs melted away. It is still in a correcting phase but the Gold stocks moved up and are threatening recent highs, as can be seen on the chart below (courtesy of ADVFN) of Gold against the mining ETFs GDX (majors), GDXJ (juniors) and GOEX (explorers).

  2. BREAKING: Optibiotix names the US “strategic and specialist investor” and it has already been selling shares.
    On Friday 23 May Optibiotix (OPTI) announced a placing with a US “specialist” investor taking £500,000 of shares at 14p. It did not name that investor but the implication was that this was a kosher long term fundamentals based investor. Even yesterday Steve O'Hara was briefing that it was a "strategic investor." Today it has updated its Rule 26 page and the ghastly truth is starting to slip out.

  3. Clem Chambers fresh disgrace – Online Blockchain accounts now qualified for a third consecutive year…and worse
    The last auditors to now delisted Online Blockchain (OBC) resigned without its porcine boss Clem Chambers telling anyone. New auditors Johnsons has signed off on accounts at Companies House for the year to June 30 2024 and two monstrous red flags stand out.

  4. Indivior – another sign of trouble for London’s stock markets?...
    Just in April last year Indivior plc (INDV) announced it was to move its primary listing to the USA but that it “intends to maintain Indivior's U.K. listing as a secondary listing following the transition to a primary U.S. listing”. So what about now, not much more than a year later, “Indivior Announces Intent to Cancel LSE Listing”?

  5. MJ Gleeson – warns on trading as “housing market recovery has not been sufficient”…
    Shares in housebuilder and land company MJ Gleeson (GLE) have recently recovered from below 440p to comfortably above 500p, but what about them currently down towards 400p on the back of a “Trading Update”?

  6. Letter to Liam Murray at Cairn and AIM regulation Re Optibiotix fund raise
    I have written to Liam “the Toke” Murray at Nomad Cairn and, in case, he is dozing on a mushroom, cc’d in AIM Regulation regarding the 23 May £500,000 raised by Optibiotix (OPTI) with what it termed a specialist “institutional investor” and what lyin’ Steve O’Hara subsequently stated was a “strategic investor,” Alumni Capital. A new RNS is needed.

  7. Vast owning scrounger Mike Langdon and a new threat to the Winnifrith family
    Vast Resources (VAST) owning scrounger Mike Langdon has been warned that if he attempts to come to my house I shall call the Police, given how he has abused and menaced me and also sent abusive emails to my wife. He has responded in a way that makes me convinced that he is unhinged. His latest email reads:

  8. Mpac Group – a tariffs chaos recovery Buy
    Mpac Group (MPAC) is a previous successful tip and the shares went on to be heading towards 600p early this year. However, sentiment towards this self-described “global packaging and automation solutions group” was significantly hit amidst Trump tariffs chaos and, although a share price recovery has started to emerge, there looks much further to go from a 440p offer price.

  9. Vast owning scrounger Mike Langdon now threatening a personal visit to my house
    It started with the insults from the moronic scrounger. Then when I did not respond to his demand to meet in Wrexham or Chester he sent his foul and menacing email to my wife. Now Vast Resources (VAST) Resources shareholder Mike Langdon has sent another email to ShareProphets.

  10. Can you short shares in the Smarter Web Company at a joke £157m valuation? AQSE says no but you can!
    The Smarter Web Company (SWC) share price is wholly indefensible. At 83.5p the market cap is £157 million and it has cash, or I suspect bitcoin, worth, perhaps, £12 million. Its core web design business is a nothingburger making insufficient profit to cover even a fraction of PLC costs. So, it needs the bitcoin price to jump to c$1.37 million to be even fair value. It won’t happen. But the heavily traded shares are on AQSE which says that you cannot short shares on it. But you can.

The most-listened-to Bearcasts this week were:

    1. Tom Winnifrith Bearcast No 2: Today's scandal at Optibiotix, this just has to stop
      I start with the daft idea that the King, or my late mother, would not be white British and why we cannot have a full and realistic debate about what we want the population to be in terms of size rather than background, 30 million or 70 million?. Then, in far more detail, today's Optibiotix (OPTI) feck up, why this has to stop and outlining who should be on the board.

    2. Tom Winnifrith Bearcast No 1: Fatty and the Pri0r1ty farce & speaking to Steve O'Hara
      There are some things I cannot say about my chat with the Optibiotix (OPTI) CEO but I feel encouraged by a long chat and have laid out my demands. I hope it can be done by agreement, if not I shall go hostile and will be vicious but I do feel hopeful that will not be needed. Then I discuss Pri0r1ty (PR1) a complete shit show and disgrace c/o Roland "fatty" Cornish, London's worst and most corpulent Nomad

    3. Tom Winnifrith Bearcast No 1: Bluebird joins the bandwagon the hard numbers as Smarter Web raises again - look at the warrants, this is mad
      Now Bluebird Mining Ventures (BMV) has joi8ned the bitcoin as a treasury bandwagon so I have exposure to this madness. I discuss that and walk you through the real numbers, look at all those warrants, at The Smarter Web Company (SWC) as it raises again and at the sort of folks, including a vile Catholic priest, batting for it on X and what that says. 

    4. Tom Winnifrith Bearcast No 1: Ariana & Tavsan, Nigel Farage and bitcoin & other bandwagons, crypto and gold
      I start with unsatisfactory dissembling from Kerim Sener on Tavsan, then shameless Reform UK jumping on another daft bandwagon, leading me back to the gold vs shitcoin debate.

    5. Tom Winnifrith Bearcast: slippery Steve O'Hara, the question he will not answer as he tries to buy off a replacement chairman
      I start with the latest on Optibiotix (OPTI) where Steve O'Hara has tried to buy off my suggested replacement chairman and the question he will not answer about the scumbag US investor. Then it is Ariana (AAU), Jubilee Metals (JLP), Sundae Bar (SBAR) and Tern (TERN).. I start with the ludicrous demands of the IRA, oops sorry I meant Sinn Fein, to honour a man who helped the Germans in WW1 with your taxes. I bet they get their way.

    6. Tom Winnifrith Bearcast: Vindictive taxes always fail while is David Lenigas losing his twitter touch?
      I start on three vindictive Labour taxes and how all are failing then it is : Wishbone Gold (WSBN), Vuctoria (VCP), Optibiotix (OPTI), Celadon (CEL), Microsalt (SALT) and TekCapital (TEK)

    7. Tom Winnifrith Bearcast: MM games at doomed Celadon and my cost cutting manifesto at Optibiotix
      I start with Friday's shenanigans at Celadon (CEL) and then go in with hard numbers on how Optibiotix (OPTI) could be turned around if we can sack at least 3 directors.

    8. Tom Winnifrith Bearcast No 2: Breaking, the FCA opens the door to reckless bitcoin speculation because Rachel from Customer Services says this will fuel growth
      I start with Musk vs Trump asking if its time to double down short on Tesla (US:TSLA), then the FCA's stupidity driven by our hapless chancellor. Then it is Totally (TLY), another complete vindication for perma bear TW and humiliation for brown envelope man, Avacta (AVCT), Anemoi (AMOI) and Hydrogen Utopia (HUI). Placing ahoy!

    9. Tom Winnifrith Bearcast: Dancing on a pinhead with PL over the Optibiotix RNS as I investigate the modus operandi of Alumni Capital
      The podcast covers what it says on the tin, my desktop research late last night about Alumni should concern us all and makes that RNS look ever more pungent

    10. Tom Winnifrith Bearcast No2: what's the difference between Hemogenyx and syphilis?
      One is a disgusting disease and the other is a STI. Boom. Boom. I start with the latter and end with the former. In between I look in detail at the ludicrous AIM IPO of SundaeBar (SBAR) ,a £41m disgrace from Roland "Fatty" Cornish and the Bixby/Edwards gang, at MJ Gleeson (GLE) and the wider housebuilding sector and at First Class Metals (FCM) as it rapidly runs out of cash obtained from the proceeds of crime.

    11. Tom Winnifrith Bearcast No 1: 3 companies showing why AIM is fecked but one on the main market showing things can be worse
      I have had 30 years of fun with the AIM Casino but surely now its days are numbered. I run through a few history lessons on AIM's failings but then look at 3 companies showing why its screwed today: Johnson Service (JSG), SundaeBar (SBAR) and 4Global (4GBL) but also a main market horror showing the risks of life away from the Nomad system, Hydrogen Utopia (HUI). I ponder how we who want small cap exposure will invest going forward. 

    12. Tom Winnifrith Bearcast No 1: Shaming water company fat cats, this is all spin and does not address the real issues
      As you would expect from this Government news about fat cat water company bonus limits is all spin and piffle and I explain why it goes nowhere close to tackling the real issues and is a dishonest distraction.
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