3297 days ago
It gets worse. Shares in AIM and ASX listed Oilex (OEX) have now been suspended on Oz as the full scale of its legal difficulties emerges. The stock has never really recovered from the dual kiss of death of being tipped by both Zak Mir (HERE) and by market abuser Chris Oil (HERE) and is today down another 31% at 0.375p – roughly 90% below the levels when tipped by the dynamic duo a few months ago.
3297 days ago
And things were going so swimmingly for AIM Casino and ASX listed Oilex (OEX) until this afternoon when it issued a shocking announcement. Oh dear.
3584 days ago
Oh dear, Oh dear, it seems as if the board as ASX listed MEO has been listening to my advice HERE and HERE as it has just now advised its shareholders to reject the all share bid from AIM casino listed Aussie based POS Mosman Oil & Gas (MSMN). The technical term for where that leaves Mosman is “fucked”.
3826 days ago
Even certain advisors to AIM and ASX listed Tangiers Petroleum (TPET) have started to call The Sheriff of Aim to express their concern as to the way it communicates with investors. Well hang on fellas, are your long suffering UK stockholders on the AIM Cesspit about to get another kick in the Gonads?
Tangiers, you will remember placed stock with flippers and other City spivs at a discount to what mug punters were paying just a few days ago on 13 May – it raised $5 million. Its next trick was to promote an article via an ASX release by a tipsheet which made up bogus facts in a classic rampathon. Natch, many private investors rushed in overpaying for this POS stock as the shares raced ahead. In promoting an article packed full of lies, Tangiers disgraced itself.
3836 days ago
James Parter revealed some quite disgraceful ramping of shares in Tangiers Petroleum (TPET) yesterday. His analysis was superb and shows why an Australian website was publishing plain untruths about this dual listed company. I suggest reading his article here.
That website then garnered publicity for its shit analysis by paying various UK website owners so send out a promotional mailing. Websites like this, ADVFN, etc are free to access and we therefore run a business model based on allowing financial services companies to send mailings to your mailing list. You know we have to pay our writers somehow!
I am embarrassed to say that OneFreeShareTip – an excellent website we run in partnership with ADVFN ran this mailing. The mailing was sold by the team at ADVFN and we have discussed the matter and they will not be selling to this client again for OFSTD. That is an honourable call by them and the right thing to do. But for what happened I apologise most sincerely. Anyone can offer words as an apology but although it was nothing to do with me, I want to show that I mean it.
I do not wish to make a cent out of this episode as I regard it as an unethical aspect of crony capitalism and so the portion of that sale which RMPC earned will be donated to the excellent Woodlarks charity.
Next we come to the Australian web site company
4162 days ago
AIM Cesspit and ASX listed Bullabulling Gold (BLG) is running out of money fast. It needs to raise cash well before Christmas or it is toast. As such it is now issuing upbeat RNS statements to try to get private investors to buy stock to drive the share price up so that institutions come in (at a huge discount) later. And so we have today’s statement offering revised economics for its project at Bullabullabullshit in the land of high culture that is Australia.
4192 days ago
At the Annual General Meeting of shareholders of AIM Cesspit and ASX listed Bullabulling Gold Limited (BGL) held today the chairman served up a statement that was classic Bullabullabullshit. Investors are waking up and the shares lost another 10% to close at 2.375p but that still values this company – which may well be toast by mid-August – at £9 million.
The chairman’s statement is worthy of a prize. “I see no icebergs said the captain of the Titanic, let’s alter course by 1 degrees and press on full steam ahead we have done so well so far.”
Amid the congratulatory blather
4196 days ago
Having been booted off the AIM Cesspit, Norseman Gold is still suspended on the ASX. However an operational update published before the Bank Holiday in Oz gives a glimmer of hope that all may not be entirely lost. But with Norseman, one of my worst share tips ever for which I apologise once again, we have come to expect the worst.
4223 days ago
Norseman Gold (NGL) has been kicked off AIM.
The suspended shares are being de-listed at once. This was a bad tip from me and fits in with the general rule “never tip dual listed Aussie companies on the AIM Cesspit.” Good Australian companies can raise plenty of cash back in the land of high culture. Bad ones tap up folks on the Cesspit. I apologise for getting it wrong – its management including David Steinepreis have an awful lot more to apologise for. The game is not 100% over but I would suggest that if Dave tries to list anything in London ever again you pass on that offer.
The company is now again in control of its assets. But it was told by AIM that it needed to present a business plan and show that it had the working capital to execute it within six months of its suspension or get de-listed. The management asked for a one month extension but did not deliver and so the shares were booted off the Cesspit.
The shares remain listed on the ASX
4433 days ago
AIM and ASX listed gold Miner Norseman Gold ( NGL) has been a truly disastrous tip from me (37p in July 2009). The shares are now suspended and will remain suspended for a good while as it has just put its operating unit into administration. It sounds as if it is end game but it is not. I cannot say it is good news ( it is bad news) but do not give up the ghost yet. This is why.
