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Tom Winnifrith Bearcast No 2: Why are you asking me about the spiv trade in gold? Nigel's your man!

Tom Winnifrith
Wednesday 15 April 2026

Should I buy Kefi Gold and Copper (KEFI) or Amaroq (AMRQ) to pay for a new motor, as a spiv trade, asks a reader. I really am not your man but I look at why Kefi is weaker today and discuss how shares move ahead and during inclusion in the FTSE 250. I also suggest milestones we would like to see at Amaroq. Then it is gold prices and the Orange Man. Valereum (VLRM) and finaly a detailed look at Hamak Strategy (HAMA). Is its death spiral ATM working and if so why no RNS? If not just how cash screwed is it as it enters the third month of repayments to Yorkville and starts exporation work in Africa?

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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.
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