Friday October 28, 2016
Me of Little faith - Happy Hammers with my daughter
Tom Winnifrith Postcard: Trump is not the threat to World Peace, Crooked Hillary Clinton is
Trump ahead by just 3% in Texas screams CBS another rigged poll - but the shy Trumpster effect shows up clearly


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Zoltav Resources - The End is nigh ( and watch out Paternoster, Aurum & Evergreen)

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- Tom Winnifrith

For the most hideously overvalued company on AIM, Zoltav Resources (LSE:ZOL) the end is nigh. Today saw news that it has drawn down the second and final £250,000 tranche of a £500,000 loan facility made available by its largest shareholder. That suggests that net cash was down to pretty much sod all. And that makes for grim reading. Yet at 5.85p the company is valued at a quite unbelievable £22 million. This is a joke valuation.

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