Notes from Underground – Most read articles for the week ending October 4

The most read, non-Tom, article last week was The View From The Montana Log-Cabin As Gold Continues To Set Records ... $3,800 Next Week? by Nigel Somerville at number 3, or number 15 including Bearcasts.

1. Kefi Gold & Copper – “pleased to announce” interims… and potentially really very imminent news flow is why
   Kefi Gold & Copper (KEFI) states that it “is pleased to announce its unaudited interim results for the six months ended 30 June 2025” and the shares have responded further higher to 1.125p, so what is it which is so ‘pleasing’ here?
   
   
2. The shocking statistic of the day is from Jim Mellon
   Maybe it will be different this time. I doubt it. For those of us who are worried that there may be a bit of an everything bubble the shocking statistic of the day comes from Jim Mellon.
   
   
3. The View From The Montana Log-Cabin As Gold Continues To Set Records….$3,800 Next Week?
   Gold closed the week at $3,759 – another new all-time weekly high – having peaked in the $3,790s.It was another good rise from last week’s $3,684 and Gold stocks continued to shoot the lights out, as can be seen on the chart below of Gold against GDX (majors), GDXJ (juniors) and GOEX (explorers).
   
   
4. 5 days to Doom Day for Bitcoin in Treasury Companies, a CEO writes
   In 5 days time folks will be allowed by the FCA to buy bitcoin ETFs paying NAV and that means there is no reason at all to pay a premium to NAV to but shares in bitcoin in treasury companies. The game is almost up! One CEO shows real candour and notes:
   
   
5. GOTCHA! Disgraced penny share grifter Zak Mir warned by FRC after Tom Winnifrith complaint
   I guess his very silly sister at Shares Magazine will view it as racist to report Zak Mir to the Financial Reporting Council for a series of accounting blunders at his Lift Global Ventures (LFT) shitco. Wait till she discovers that I have Nigel Farage’s number on my speed dial! Anyhow, the FRC has dropped me a note today thanking me for dobbing in brown envelope man as you an see below. The ruling is clear, Zak has been a naughty boy
   
   
6. BREAKING: Shameless Clem Chambers is back with a new version of ADVFN
   Chambers and his gang were booted out of ADVFN (AFN) three years ago after years of mismanagement, nepotism , boardroom greed and horrific expense abuse. Then the auditors kicked up a fuss, his Nomad quit and his Online Blockchain (OBC) shitco was booted off AIM. But there is no keeping a good man down. Or even a scallywag like Chambers. Emails have just been sent out about a new website he is launching with his old partner in crime…
   
   
7. BREAKING: Nightcap and Dragon’s Den star Sarah Willingham: guess what?
   Oh dear, oh dear: is something badly awry at Nightcap Limited, the now AIM delisted bars chain of, tronc raiding, egomaniac Sarah Willingham, once of Dragon’s Den?
   
   
8. BREAKING: Julie Meyer’s new partner and the “fake Rothschild”
   Earlier today we flagged up the Rachel Reeves-esque CV of Julie Meyer’s new partner in crime, well FTE sham summits, Alex Seleska. This gets funnier by the day, Julie “Lingerie on expenses” Meyer (no longer) MBE and her pals are such a hoot!
   
   
9. Is gold defying gravity ?
   As I see it, you have two options: either to believe the laws of gravity have been suspended, or to accept that gold and other precious metals exist within an entirely new paradigm. Simply claiming that the markets are massively overpriced and will return to “normal” marks you as a dinosaur who has yet to understand that fundamental changes have occurred.
   
   
10. EXPOSE: Julie “Lingerie on Expenses” Meyer (not MBE)’s new partner in crime Alex Seleska
    Thanks to reader P for this. It sees that Seleska’s CV is right up there with that of our own dear Chancellor Rachel Reeves. Seleska, is according to the latest FTE brochure below, running the event with Ms. Sex Toy on Expenses

The most-listened-to Bearcasts this week were:

1. Tom Winnifrith Bearcast No 2: How to really yank my chain as a CEO
   In this podcast I look briefly at Skinbiotherapeutics (SBTX) then at Bluebird Mining Ventures (BMV), Kefi Gold & Copper (KEFI), Wishbone (WSBN), BP (BP.) and the oil price and Roquefort Therapeutics (ROQ) which the FCA should be all over like a rash.
   
   
2. Tom Winnifrith Bearcast No 2: switching from Bluebird into Kefi
   I am not clever enough to trade shares so I am just holding both Bluebird Mining Ventures (BMV) and Kefi Gold & Copper (KEFI) but I explain why on fundamentals and also as a short term trade this makes sense.
   
   
3. Tom Winnifrith Bearcast No 3: Thoughts on Manchester, Hamak and the 76 million joke that is Defence
   I start with the attack on the Manchester Synagogue and the weasel sympathy of the left. Then it is Hamak (HAMA) and Defence (ALRT), both utter joke valuations.
   
   
4. Tom Winnifrith Bearcast No 2: Skins big new shareholder and Opti's small new shareholder
   I discuss recent events or non events at Skinbiotherapeutics (SBTX) and Optibiotix (OPTI) and a non event at Probiotix (PBX)
   
   
5. Tom Winnifrith Bearcast No 1: Helping out an old comrade from the trenches of Fleet Street, why are Ariana shares going nowhere as gold surges
   Ariana Resources (AAU) is, after all, a producer so its shares should be flying. But I answer an email from a former colleague on the Evening Standard with a podcast which I have also sent to Kerim Sener to allow him to respond to each point made.
   
   
6. Tom Winnifrith Bearcast: a political bet from Lucian as I head into the trenches with Comrade Ed from Islington
   I fear I am going to have to vote Labour next year and explain why. Lucian Miers has a political bet for you. I discuss lying to investors and screwing investors with placings and warrant spoofs plus a bursting bubble covering Tern (TERN), Defence (ALRT), Hamak (HAMA) which I shall be reporting to the FCA tomorrow and Amazing AI (AAI)
   
   
7. Tom Winnifrith Bearcast: those reporting myself and Evil Banksta to the FCA
   I reckon both of us get reported more often than I have inappropriate thoughts about Cheryl Cole. I discuss those who report us and what happens, then it is Hemogenyx (HEMO), gold, inflation and the Dow, Versarien (VRS) and Blackbird (BIRD) which, I sense, is not long for AIM. I predict a delisting.
   
   
8. Tom Winnifrith Bearcast: how can he value a biotech when he's not a doctor said the BBM
   It is all about data, the past and experience.
   
   
9. Tom Winnifrith Bearcast No 1: On placings present and still to come, Wishbone and Hemogenyx
   I start with the joy of rank hypocrisy from pious lefties within my own family before moving on to Wishbone Gold (WSBN) and Hemogenyx (HEMO)
   
   
10. Tom Winnifrith Bearcast No 3: Is Tern going to go bust as Open Offer looks set to flop? Avacta and your numerous diary dates
    I start by reminding you of numerous diary dates for you this month, then it is Tern (TERN) and Avacta (AVCT).
    
    
11. Tom Winnifrith Bearcast No 1: 2 discounted placings today leave 2 companies still insolvent or near as damn it
    I predicted both and now discuss why Genflow Biosciences (GENF) and UK Oil & Gas (UKOG) are still screwed and which will reach 0p first.