articles

African Minerals – Why Evil Knievil is correct to be short

Tom Winnifrith Sunday 21 September 2014

 

Share this

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.

Read the full article on ShareProphets | Comments
About Tom Winnifrith
Bio
Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
Twitter
@TomWinnifrith
Email
[email protected]
Read next

Photo article: Day 5 of the 2019 Greek Hovel Olive Harvest, batch 1 readied - Sunday

Bright and early, notwithstanding another alcohol fuelled supper the night before at Miranda’s, the team of four assembled for Sunday’s harvest. Heroic K was resplendent in his red overalls and new boy T2 wore blue overalls which, he insisted, were on their last outing. T1 wore the sort of short long trousers you associate with the Hitler Youth, which prompted me to observe that the snakes were probably all asleep so he was not that vulnerable to a bite. It turns out that T1 was terrified of snakes.

Monday 9 December 2019
TomWinnifrith.com Copyright © . All rights reserved.
Created by Everywhen