1893 days ago
I start by issuing a correction. That is what journalists do and thirsty share bloggers don't when they goof. That refers to Footasylum (FOOT) though my generic point still stands. I also cover Telit (TCM), UK Oil & Gas (UKOG), Dev Clever (DEV), Plus500 (PLUS) and Patagonia Gold (PGD) and other loss making companies that, for some reason, have net debt.
1893 days ago
Shares in Patagonia Gold (PGD) have more than halved today to 46.5p but the market is being kind. Today’s news is disastrous and things are likely to get far worse.
2998 days ago
Warning: This podcast contains a lot of bad language and images of a sexual nature. As far as I understand it, Sweden is known for the fact that 95% of its population enjoy thrashing the naked buttocks of other folk's partners at the weekend. But it is not this that concerns me but its insane Central bank which has cut interest rates again ... to minus 0.5%. I reflect on this madness and the insanity of Janet Yellen of the Federal Reserve and then on the gold price. I look at a few gold stocks racing ahead wrongly ( Condor (CNR), Goldplat (GDP) and Patagonia Gold (PGD)) and at others I might buy. I comment on the insane dead cat bounce at Motive TV (MTV) and on the odd behaviour of crony capitalist PR man Reg Hoare of TrakM8 (TRAK) and explain why its shares are still a sell. Then it is onto the deadlines for Solo Oil (SOLO) and LGO Energy (LGO) going under as Neil Ritson tries his hand at Leni-Maths. And I also have a trivial pursuit question for you all.
3327 days ago
I start with a few admin matters. Is Britain corrupt? I have recorded a postcard on that matter on my personal site which you may find interesting HERE. Secondly a couple of corrections on Synety but my stance is unchanged. Then I look at why folks appoint join brokers and then at Patagonia Gold, West African Minerals, China Chaintek and have an explicit warning of bad news to come this afternoon for Big Ray Zimmerman at ZAI Corporate Finance
If you like bearcast you will love UK Investor - book your seats for 18 April HERE
3523 days ago
Ben Turney has just argued HERE that Marc Sale, the former Technical Director of Patagonia Gold (PGD) - who quit yesterday 24 hours after admitting to 17 undeclared share transactions- should be reappointed to the board. Ben, you are a tolerant and forgiving, nice guy but you could not be more wrong.
Ok Mr Sale has lost money on his trades. Ok the scale is relatively small. But that is not the point. AIM Rule 17 states that all director share trades must be announced and Sale broke that rule. You do not need to be The Sheriff of AIM to know that this is a hanging offence.
3942 days ago
This is a shocker. The directors of AIM Cesspit listed Patagonia Gold (PGD) are very well paid. They have significant equity in the company but they want more. They want shareholders to reprice their share options in order to “incentivise” them. This has to be passed at an AGM. Shareholders should tell these fat swine to bugger off and vote no. And here is why.
