Aug 16 2012 @ 10:50
I could not have put it better than this note from the trading desk at a leading London broker, which I have just been sent. I am sorry that I cannot include the chart referred to but you can guess what it looks like. The report states: Gold has had a quiet year thus far. […]
Aug 16 2012 @ 00:57
AIM Listed IFA group Lighthouse (
LSE:LGT) is to be forced to hold a General Meeting to vote on proposals to boot out Chairman David Hickey and bring back ex CEO Allan Rosengren. This follows Hickey’s failed attempt to get Lighthouse delisted – a move I opposed bitterly. Hickey has been a disaster for shareholders. With […]
Aug 15 2012 @ 02:57
My recent article on AIM listed Dolphin Capital (
LSE:DCI) has attracted a lengthy letter from the company’s heavyweight lawyers Mischon de Reya. As such the article has been withdrawn and the lawyers have demanded that I state the following, which I do: “Our article entitled “Dolphin Capital – very cheap or very expensive,” published on […]
Aug 14 2012 @ 09:56
Like most AIM (and in this case also Toronto) listed smaller gold companies the share price of Cluff Gold (
LSE:CLF) has taken a beating of late – falling by almost 50% to 55p. While many of its peers may have to raise extra cash – hence their share price collapse – Cluff has already completed […]
Aug 13 2012 @ 10:03
After any bear run in shares some folks always grab headlines by saying we have seen “The Death of Equities.” Heck, you have lost your shirt it sounds believable. And so when major bond investor Bill Gross proclaimed the Death of Equities on August 1st he grabbed the headlines. Before you rush out to buy […]
Aug 13 2012 @ 03:28
I explained on Friday why the Manchester United (
NYSE:MANU) IPO was, at $14, a joke. I am asked what I think that the stock is worth? I am not sure that there is any terribly scientific answer to that as there are so many imponderables/unknowns, but since most are on the downside I would happy to […]
Aug 10 2012 @ 17:49
Whenever President Obama says Jobs you know bad news is on the way. He has spent hundreds of billions creating non Jobs while squeezing the private sector (which creates real jobs) ever harder. But the JOBS I refer to here is his JOBS act which allowed “emerging growth companies” to float in the US with […]
Aug 09 2012 @ 10:53
I have never tipped – or that I can remember – written about AIM listed oil and gas company Sefton Resources (
LSE:SER) and nor have I bought any stock in this penny share hopeful. The history of companies seeking to explore or produce hydrocarbons in the US but listing on Aim is so dire that […]
Aug 07 2012 @ 06:42
43 billion cubic feet of gas sounds like a lot. I am sorry to say that it is not as vast as it sounds. In fact it is rather small (call it 750,000 barrels of oil). This is the Tosca-1 well where AIM listed Northern Petroleum (
LSE:NOP) has announced that it has now started drilling. It […]
Aug 07 2012 @ 04:14
I note that yesterday, the stock price of AIM listed Falklands Oil & Gas (
LSE:FOGL) jumped by 10.25p to 85.25p ( a gain of almost 14%) after it announced that it had spudded its first well in the South Atlantic as it always said that it would do in August. To be fair there was […]