42 days ago
It was just a week after we launched this website that we exposed a dodgy transaction between Pirate Pete landau’s Range Resources (RRL) and convicted heroin dealer Frank Timis. A lawyer’s letter from the criminal Pirate Pete duly followed. And it was not his only threat or lawyer’s letter to myself and ShareProphets. Oh well… I won’t be spending Christmas in the slammer. Landau will be.
1858 days ago
There is a real spring in my step as I consider a new business idea and as the scoops just flow in. I start with Argo Blockchain (ARB), the pot plan and the convicted heroin dealer. Then I out Big Sofa's (BST) new customer. I look at Cabot Energy (CAB) as it dissembles again. I pick a fight with the man Gary Newman thinks is a genius, Andrew Monk, over RedT Energy (RED) and then look at the shock placing byu Independent Oil & Gas (IOG) and where that leaves Rock Rose (RRE). If you enjoyed this bearcast please follow uber generous Rob and make a small donation to Rogue Bloggers for Wodlarks HERE
3361 days ago
Both of these stocks were Bulletin Board darlings and both will ultimately deliver either total or near total wipe-out for shareholders. It just struck me that they have other things in common. And the price action as death approaches is the most striking.
Both operate (pro tem) in Africa, African Minerals (AMI) was founded and is still chaired by a convicted heroin dealer (Frank Timis) while Afren’s CEO left in a hurry after a bit of a “brown envelope discovery”. So there is a similarity in crime.
Both companies
3511 days ago
I have been goaded into looking into African Minerals (AMI) by Bulletin Board Morons laughing at Evil for being short given that the stock shot up by 47% yesterday. Evil went short at 20.5p the stock is now 25p (valuing African at c£85 million) and falling and I agree with him that the target is near as matters c0p. Here’s why.
The company was set up by convicted heroin dealer Frank Timis. He may not be running it now but has lots of shares. As a watertight rule the heroin dealer always makes money from his companies, shareholders do not. Beware the Timis legacy.
There are two African Minerals – the PLC and the operating company. The PLC – as it has admitted – is almost out of cash. That has to be addressed somehow.
