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Hot Rocks Investments – the new home of Gavin Burnell of Globo and Elephant Oil infamy: when you engage with Ron Bauer who cares about IFRS?

Tom Winnifrith
Monday 22 September 2025
One of those colourful characters from the London Small cap world shown in yesterday’s bearcast expose to have engaged with the now twice convicted fraudster Ron Bauer is our own Gavin Burnell of Globo infamy. He is also the managing director of AQSE listed Hot Rocks Investments (HRIP). Gavin owned 29.54% of the shares at 31 March 2024 and a Jonathan Bellis owned 15.5%. Yes that is the King of the spivs in the small cap broking community, currently plying his filthy trade at bucket shop Novum.

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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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