African Minerals – Why Evil Knievil is correct to be short

Tom Winnifrith Sunday 21 September 2014


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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.

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About Tom Winnifrith
Tom Winnifrith is the editor of When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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Letter to AIM Regulation – Versarien (again)

Two days ago Versarien (VRS) was forced by AIM Regulation, following a complaint by me, to ‘fess up that its much vaunted US “hub” was in fact an empty serviced office where nobody works. But in that ‘fess up RNS it made another claim which may or may not have been verified by the hapless Nomad, Bobbie Hilliam of Quindell infamy, now working at Canaccord. Thus, I have again written to AIM Regulation as you can see below.

Versarien, further clarification needed on its sham US Operation

To AIM Regulation
cc Bobbie Hilliam

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