2396 days ago
This is the great Leo the man who has transformed Del Boy Lenigas operation LGO Energy into a company that is going places, Columbus Energy (CERP). This presentation struck me as not bad at all.
2716 days ago
This evening new LEGO Energy (LGO) boss Leo Koot will host an analysts briefing in the City on the day the company changed its name to Columbus Energy (CERP). The company has upgraded its FD and a statement issued is exceedingly upbeat. For that, as a loyal shareholder, I am glad. But the statement also contains aboslute A grade corporate gibberish/bullshit. Who is responsible for what follows? Please do not say it is Leo.
2787 days ago
This is becoming routine. After hours on on Friday PrimaryBid announces a material placing opportunity for its members. This weekend it is LGO Energy (LGO) which has raised £2.2 million in a placing at 2.2p but is now offering a chance for ordinary investors to put up another £300,000 at the same price.
2812 days ago
I refer to young Steve's article earlier on the most shorted AIM shares. The fact is that most AIM shares cannot be shorted at all. There then follows a discussion on Sound Energy (SOU), Boohoo.com (BOO) and Telit (TCM). On a serarate note I look at LGO Energy (LGO). When the facts change what do you do?
2812 days ago
Certain folks wonder why we, on HotStockRockets, we tipped shares in LGO Energy (LGO) as a buy? Well the reason of course is that we thought they were going to go up and we want our readers to make money. On 28 February when we tipped the shares they were 0.115p offer ( that is 2.3p in today's post consolidation money). They are now 3.35p bid so our readers are very much in the money after just 11 days! But why tip this stock. The best expanation is the original tip which is below. Remember the 20 for 1 consolidation when reading it.
2813 days ago
Just to please our own in house pet Bulletin Board Moron Wildes who is a big holder, I am delighted to publish a note from broker VSA out today initiating its coverage of LGO Energy (LGO) at 2.45p with a 22p price target. I kid you not. VSA is house broker so chuck in a pinch/bucket load of salt but 22p? I used to know a bloke called Edward Vaughan who was a bit bonkers. I do not think that it is the same Edward Vaughan who penned this note but whatever... in its full 16 page glory
2838 days ago
It takes two to tango or, rather, two to make a market. I am not exactly a great fan of LGO Energy (LGO) having called this as a teddy to perfection. But Andrew Monk of VSA reckons it is time to bottom fish and since I believe in free speech I am happy to publish his reasoning from his morning email.
2852 days ago
I take a detailed look at fad investing covering the big California drone fraud but also Fitbit which had a shocking profits warning today, Fitbug (FITB) and Cloudtag (CTAG). I look at two China frauds on AIM in big doo doo, Jiasen (JSI), which is definitely a kill for the Sheriff of AIM, and Taihua (TAIH) which will be. Then I look at Guscio (GUSC), Greatland Gold (GGP), Andalas (ADL), Golden Saint (GSR), Amur Minerals (AMC) and finally LGO Energy (LGO)
2854 days ago
Bulls of LGO Energy (LGO), like our own pet in house BB loon Wildes, argue that the decline in its share price is entirely down to the falling oil price and nothing whatsoever to do with the fact that it has hopeless assets in Trinidad which, however much cash is thrown at them, cannot produce enough oil to generate free cashflow. I offer you up four charts, sent in by a kind reader, which should show this in pictures, since folks like Wildes find long words a tad confusing.
2858 days ago
Criminal Aidan Earley says thatmy work destroys great British Companies. That is what Rob Terry used to say too. What is the difference between those two fraudsters? About £50 million and so far only one has served time. I discuss Winnileaks triumphs today on Advanced Oncotherapy (AVO) and Strat Aero (AERO) and why they vindicated my work so much. Then I look at BT (BT.A), Rosslyn Data (RDT), Cloudtag (CTAG), Sunrise Resources (SRES) and LGO Energy (LGO).
2890 days ago
In the most recent statement from LGO Energy (LGO) much was made about how the board was showing restraint at the corporate trough. Shareholders may have seen the shares collapse from 6p+ to just 0.11p but "we are all in it together". Nope! This is a smokescreen.
2895 days ago
I have loaded the photos of pressing the olives from the Greek Hovel HERE. There may not be a bearcast tomorrow as I am about to start travelling soon. Today I look at LGO Energy (LGO), Milestone Group (MSG) and its CEO Deborah White who has committed market abuse and should be fired, Strat Aero (AERO), Fox Marble (FOX), Golden Saint (GSR) where I suggest a rule change is needed at AIM to deal with share dumping parasites like PR genius Steffi, and Proxama (PROX).
2895 days ago
Having ramped its shares up to 0.15p by pretending that the refinacing of its bank debt was by anything other than a death spiral and with some huffy puffy claptrap about new drilling, LGO Energy (LGO) got back to what it does best today, a placing to dilute yet again.
2903 days ago
Shares in LGO Energy (LGO) have raced ahead by 33% to just over 0.14p on news that the company has signed up to a new uber expensive death spiral. Truly some folks just do not get why death spirals are called death spirals. But every cloud has a silver lining: the cash means that LGO can repay French banksters BNP Paribas.
2907 days ago
Naturally it is the Cloudtag (CTAG) morons who provided us with the most sport in the week gone by. But in case you think that Cloudtag threads are the only place to search for lunacy - other than comments by our very own Wildes on his beloved LGO Energy & FastJet - think again. There are always those holding golden tickets in Worthington (WRN) who know who is to blame for its problems: criminal Tom Winnifrith. Whatever.. There were stacks of good entries in last week's contest as you can see HERE but the joint winners are:
2912 days ago
Loons, like our very own LGO Energy (LGO) owning fanatic Wildes, will have yesterday celebrated news that 11,200 barrels of Spanish oil which had accumulated over the summer had finally been sold. But shares in LGO still fell to just 0.11p. Here's why.
2937 days ago
I almost feel sorry for LGO Energy (LGO) CEO Neil Ritson. He just seems to have rotten luck. This time last year a contractor dropped some kit down a bore hole. Wind on 12 months and Hurricane Matthew has caused a few "problemos". Neil, put a few extra quid in the collection box this Sunday, you need the Almighty back on side for today's third quarter update is piss poor and begs the statement "placing ahoy."
2968 days ago
Hapless Neil Ritson of LGO Energy (LGO) is doing yet another ramptastic interview with BRR Media, the company that charges PLCs who want to ramp worthless shares to record interviews with easy questions. The webinar is at 11 AM on Friday and has asked that questions be sent over to [email protected]. I am a nice guy and always keen to help so here are 25 for starters:
2973 days ago
I wish Andrew Monk a happy wedding anniversary today but surely his fragrant wife should have got time off for good behaviour. But Monk is wrong on Aquatic Foods (AFG) it is a Norfolk, its interims out today make that 100% clear and I explain why. I note the suspension of Asian Citrus (ACHL) and I pose a new challenge to LGO Energy (LGO) about output and sales numbers which really do not add up. I look at RapidCloud (RCI) whose interims suggest a terminal conclusion and Zincox (ZOX) where a pompous chairman seems in denial about the grim outcome that lies ahead.
2973 days ago
Last week LGO Energy (LGO) had a keep the lights on placing at 0.1p, just four months after the prior keep the lights on placing at 0.2p. As I noted today, the next keep the lights on placing will be at 0.05p and within two months. But it is good to see that a company that is spunking £150,000 a month to money heaven still has spare cash for important things...
2973 days ago
Half year numbers from LGO Energy (LGO) are absolutely appalling. There was a placing at just 0.1p last week, another one is imminent. The numbers just do not lie. It is hard to know where to start but lets go with output and sales....do you remember when LGO used to be producing 2,500 bopd and promising 4,000 bopd: how things change.
2980 days ago
On today's bearcast I look at Jiasen (JSI) but have to speak quietly since Oakley may get the wrong idea when I discuss a dead cat bounce. I also cover Xtract Resources (XTR), Obtala (OBT), Corero (CNS), Toople (TOOP), GCM Resources (GCM) and in some detail LGO Energy (LGO)
2980 days ago
It was about a year ago that I had a spat with my good pal Big Dave Lenigas when he denied my assertion that LGO Energy (LGO) was about to place. Naturally it did. As I have indicated in recent weeks that another bailout blizzard of confetti was on the way there was not even an attempt to deny from camp LGO this time around. I have oft suggested that the next bailout would be at 0.1p. Just call me mystic fucking Meg please...
2988 days ago
So what if LGO has been drowning in debt, breaching banking covenants, have to get away placing after placing just to keep the lights on, let's ensure that vital corporate expenditure is not reduced. Sod drilling oil wells to increase output...this is how Neil Ritson spunked a quarter of a million of shareholder's cash in April 2015
3013 days ago
I take my hat off to Neil Ritson, the hapless CEO of LGO Energy (LGO), as he does not seem keen to disclose more information about how his company is doing. Unfortunately the information is underwhelming and as the company's cash runs out and the next bailout placing looms the shares are set to head only one way. And it is not up.
3032 days ago
Oh dear Oh dear, things are looking ever bleaker for Neil Ritson and AIM dog with fleas LGO Energy (LGO). Interims out next month will be diabolical, the cash position by now is looking grimmer than a wet Thursday in Scunthorpe and ramptastic announcements are just not having any impact on the share price, surely it is time to bring back Big Dave Lenigas. Cometh the day and all that.
3052 days ago
It is of course Bastille Day and that, of course, prompts a few jokes at the expense of the Froggies. I then move into Gulf Keystone (GKP) and a spot of moron baiting and working out moron investing game theory. I then move to a detailed look at Digital Globe (DGS) before covering en passant XCite (XEL), LGO Energy (LGO), Trinity (TRIN), Circle Oil (COP), Premier Oil (PMO), IGAS (IGAS) and Nostra Terra (NTOG). I also comment on Glenwick (GWIK), 88 Energy (88E), Strat Aero (AERO) and Inspirit Energy (INSP)
3054 days ago
Some naughty, naughty chappies appear to have taped the entire AGM of LGO Energy (LGO) on Monday. You naughty, naughty boys. Transparency for an AIM listed PLC. Whatever next? This is political correctness gone mad. If Neil finds out who is responsible he will get his favourite PR genius Steffi to spank bottoms at once. I digress lets go 14 minutes and 30 seconds into the recording...
3078 days ago
The shares hit 0.17p yesterday which for the morons who backed the last bailout placing at 0.2p a few weeks ago will be painful. Or rather it would have been had they not already flipped which they have. But now, having had to accelerate payments to the Froggie bankers, and with output numbers ever more dire a new placing is needed so how to stop the rot...it has worked before..
3078 days ago
Jeepers, if turd polishing was an olympic sport Neil Ritson of LGO Energy (LGO) would be battling for a place, after so much practice he has acqusired a certain skill. But a turd is - however polished - still a turd and that brings us to the statement today from POS LGO.
3080 days ago
Announcing your annual results at 1.38 PM ensures that some folks will miss the horrors you reveal. London's most useless Nomad, Mr Roland "fatty" Cornish will just be starting course two of four and so will not be back at his desk until the next trading day. So there is some point in sneaking out the bad news in the middle of the day. And that brings me to the trainwreck with Neil Ritson at the wheel, but David Lenigas driving from the back seat, LGO Energy (LGO).
3092 days ago
LGO Energy (LGO) should be publishing the year end accounts for 2015 within the next week. If the accounts are audited we will probably see LGO declaring an operating loss of between £10-15 million. I have not seen any analysts expectations so its hard to assess how the market will react to this.
3103 days ago
Hat tip to reader Steve but it seems as if Neil Ritson of LGO Energy (LGO) is talking with forked tongue. I refer to what is - or is not - happing at its dog of a Spanish operation.
3107 days ago
And so today, Circle Oil (COP) has admitted what anyone with half a brain cell could have figured, that it is officially toast. The question is which of the drowning in debt oil mid caps or large E&Ps will be next to fess up? There is an RNS from Gulf Keystone (GKP) today saying its bondhoders have given it another 11 days but could it be overtaken by XCite (XEL), whose shares are sliding as the clock ticks? Other oilcos in breach of loans include Trinity Exploration (TRIN) and LGO Energy (LGO) while the yield on IGAS debt suggests it is in the merde. So who will be next to admit it's toast, to use either the word "administration" or the phrase "little or no value for shareholders". Voting deadline is midnight tonight.
3110 days ago
There is so much delightful (for we bears) symmetry between LGO Energy (LGO) and Andalas (ADL) as both sink to a level where flippers in the recent placings must now take a loss. Right down to the CEOs both having facial hairs. It is uncanny and the subject of this podcast which also makes general points about stocks where the share price dips below a placing price in short order. It is all about human psychology.
3113 days ago
Yup I am still clean and 99.9% of the time very glad to be. But I know that if I have just one fag it will be all over. So I will not. I digress. Today's podcast covers my little internet difficulties here in Kambos then goes onto Aureus Mining (AUE), Circle Oil (COP), IGAS (IGAS), LGO Energy (LGO) and Gulf Keystone (GKP). Finally I urge regular listener Marcus Stuttard, head of the oxymorons at AIM Regulation, to read the utterly shocking Phil Edmonds and Andrew Groves tale HERE as it shows what a shite job the bogus Sheriff is doing.
3113 days ago
I shall put the photo up later on TomWinnifrith.com but this is the first snake of the current greek trip - day 6 and one down!. I am a modest man, as you know, but feel that I have little to be modest about in saying that this really is a most excellent podcast covering Nostra Terra (NTOG), Avanti Communications (AVN) and a new lawyers letter,, Outsourcery (OUT) and LGO Energy (LGO) all in some detail.
3117 days ago
It has been suggested by Duck & Dive and repeated by other poltroons on LGO Energy (LGO) Bulletin Boards, that in my last article it was unfair to 'confuse' reactivations with re-completions as it is a case of drawing conclusions about the depletion rates of apples with the depletion rates of oranges. In answer to this criticism, I would stress firstly, that it was Neil Ritson who framed the terms in which he sought to demonstrate that wells in the Goudron Sandstone deplete slowly. I will quote him again.
3118 days ago
In reflective mood on election day I cover just a few companies. Falanx (FLX) where we backed the placing and the shares have tanked! LGO Energy (LGO) where the morons were spoofed and death is postponed, Centrica where shareholders are paying for CEO crack, that is debt addiction and Feedback (FDBK) which seems like a rum and coke to me. I also cover, en passant, Conroy after getting a pleasant ambush, but an ambush none the less, post dentists, from Ireland.
3125 days ago
LGO Energy (LGO) shareholders have a habit of taking every production figure that LGO releases and reasoning their way a priori to envelope that figure within a schema of general conventional oil production far into the distant future without factoring in the overwhelming rates of depletion at the field. Essentially this is a wilful ignoring of the empirical evidence of decline. This falls squarely within Einstein's definition of insanity as making the same set of assumptions over and over again and expecting different results.
3137 days ago
As we know, having failed to get away a £6 million placing a few weeks ago (raising just £1.3 million) LGO Energy (LGO) will not be able to make its scheduled bank repayment in May and so faces another insolvency risk. Hence it is ramping for all its worth to issue yet more confetti, now that it had permissions to issue 1.6 billion more shares. And thus today's pitiful release below. It is what hapless CEO Neil Ritson does NOT say that matters.
3137 days ago
This bearcast and your newsletter are late for a range of reasons including my sickness; taking the Mrs to start a 3 AM journey to fill impressionable young minds in Finland with lefty nonsense; dealing with Bill Bloody Gates; morons from the Walsall Shit Hole and also Bodie, Doyle & Cowley, The Professionals. In the podcast itself I cover Watchstone (WTG), Rosslyn Data (RDT), Fitbug (FITB), Rose Petroleum (ROSE), SeaEnergy (SEA), UK Oil & Gas (UKOG) and in great detail LGO Energy (LGO). I urge you to read the piece today on SP Angel. Read it carefully my friends!
3139 days ago
It rather seems to have passed folks by but having failed to raise £6 million in a placing he masterminded a month ago (as leaked emails show HERE), Jabba The Hutt is still determined to see dilution on an unprecedented scale - even by his standards - at LGO Energy (LGO). There is an EGM on Monday 18 April.
3151 days ago
David Lenigas would like to let shareholders who have lost a fortune in LGO Energy, Inspirit, Afriag, Lenigas Cuba, Polemos, Doriemus, etc, etc that he shares their pain as we can show in the photo below.
In a bullying email today Jabba The Hutt says that he does not own a 100 foot yacht "that was years ago". Instead in the marina in the tax haven of Monaco where he lives poor Mr Lenigas has to struggle by on a 36 foot Fjord boat which is five years old. According to Yachtworld that would have cost a mere £215,000 to buy so Mr Lenigas is really sharing the pain of those who have backed his various companies.
I am almost in tears thinking of how Jabba has shared the pain. FFS the man is now the patron saint of capitalism. He is a fucking hero. Give him a Nobel prize. Should we start a whip round to buy him a bigger yacht? Sod the starving millions in Africa they can eat Yusuf Kajee's smuggled tobacco, sod the fight against cancer and to save endangered species it is time we all dipped into our pockets to help Dave.
Let's stop investing in placing after placing for shite companies which
3157 days ago
A short bearcast as I am set to fly back to the UK soon. Shame, shame. I start with earnings visibility looking at Gable (GAH) and Asian Citrus (ACHL). One is a shite investment the other is going down the pan completely. Then it is onto LGO Energy (LGO) which, with the curse of Lenigas, is in the latter category. I explain why BP rumours are just bollocks.
3163 days ago
LGO has been flagging that this would happen for months but now that the royalty rates on Goudron have been cut, Neil Ritson is announcing the news as if it was the second coming of Jesus. It is not. For starters Jesus would struggle to find three wise men and a virgin to welcome him at any company associated with David Lenigas. This company is still screwed and more confetti issues are ineviable ahead of its next formal debt repayment default in May.
3170 days ago
Yesterday as LGO Energy (LGO) raised £1.36 million gross, I published the emails showing how David Lenigas stated that the company needed £5-6 million to turn around. Even that was a lie predicated on silly output projections, but on the sums raised LGO is just fucked, it has merely postponed crunch time from April ( 2-3 weeks) to May, lets call it 7 weeks.
3172 days ago
In a wide ranging podcast today I cover: 88 Energy (88E), Verona Pharma (VRP), LGO Energy (LGO), UK Oil & Gas (UKOG), Solo Oil (SOLO), the woes of Jabba The Hutt, Wandisco (WAND), Stilo (STL) and Jiasen (JSI) and I offer you a severe warning about uber-ramped Challenger Acquisitions (CHAL) where its a real PLACING AHOY
3172 days ago
LGO Energy (LGO) has announced that it has raised £1.36 million in a placing at 0.25p and also that contractors have agreed to take payment of £590,000 of debts at the same price. This is a disastrous snub from the London Markets to David Lenigas as it was he who led this attempted bailout and mug punters were being promised a £5 million raise as you can see in leaked email correspondence below. Neil Ritson the hapless CEO of LGO admits that this is not enough, stating in the release:
3172 days ago
Five days ago we revealed that David Lenigas himself was trying to arrange a £5 million bailout placing for insolvent LGO Energy (LGO) which would see Jabba go back on the board and hapless CEO Neil Ritson pushed into the long grass a couple of months later. We have emails from broker Dowgate to potential investors explaining Jabba's plans and saying that the placing would close well before the end of last week. There has been no RNS. Clearly - and not surprisingly - the placement is struggling big time and so LGO has today released ramptastic bollocks from Goudron to try to spoof punters into backing the bailout.
3179 days ago
This morning LGO Energy (LGO) admitted that US investors were - after all - not going to spunk $20 million on bailing out the debt ridden, AIM listed disaster story. I can reveal that a plan B is now underway. Jabba The Hutt is back in town...
3181 days ago
In the race to 0p who will win? After today's statement FastJet (FJET) is in the running as is LGO Energy (LGO), PetroCeltic and XCite Energy (XEL) which also had news today. I also look at Plethora (PLE) and the idea of something which is too good to be true. Then I move onto [email protected] - if you have not emailed the greedy useless mother yet PLEASE DO SO NOW. I offer up a suggested form of wording for your email. Warning/ Bad language alert.
3182 days ago
After yesterday's dire news from LGO Energy (LGO) which saw its shares slump to 0.31p the case of Tom Winnifrith vs David Leni-Maths continues and I now bring you another piece of evidence, possibly the worst broker note in history. Analyst Barney Gray at Old Park Lane was either on crack cocaine when he penned this classic back on 21 February 2012 or he was simply writing exactly what the share ramper David Lenigas told him to write. My guess is that it was the latter as Old Park was joint corporate broker at the time. Anyhow, Barney told us that the shares were a buy at 1.2p with a 5p target. But it is what he says in this nonsense that is of real import.
3183 days ago
Rules are rules and whether it is soccer playing sex offenders or AIM Companies you have to stick to them. Moreover a COI is a COI even if sign off on and some may be legally kosher but are morally wrong. I refer to my rows with DS on 3Legs Resources (3LEG). I look at Monitise (MONI), rats leaving AIM, viz Edge Resources (EDG) & UMC Energy (UEP). I ask where is the fraud at African Potash (AFPO)? And then - to entertain Wildes - I look at LGO Energy (SHITE) again as well as at Iofina (IOF) - when will it fess up? I also ask a question of Audioboom (BOOM)
3184 days ago
The unacceptable face of capitalism, Mr David Lenigas, can ramp LGO Energy (LGO), the company that paid him almost £1.8 million over 7 years to help buy his 100 foot yacht, as much as the fat liar wants but a statement today makes it clear just how fucked LGO is and that its position is getting worse rapidly.
3185 days ago
A day truncated by medical appointments sees me start the podcast with Grantchester and the Mighty Hammers - the article I mention on the latter is HERE. Then it is onto the disgrace at 3Legs (3LEG) for which there can be no excuse and where there is more to come. Then onto Horse Hill, a funny smell and the THREE placings on the way. I look at African Potash (AFPO), LGO Energy (TOAST) and the total farce at Petroceltic (PCI - bad language alert in that section.
3188 days ago
Warning: The podcast contains both bad language and also a lot of abuse directed at Australians.I start with the guys who run Slater & Gordon and accept that they can't be thrown to saltwater crocs who have not eaten since Christmas. shame. Its all down to geography. I then move onto the liar David Lenigas, Rare Earth Minerals (REM) and LGO Energy (LGO). Then to Bingo Bango Bongo (BGO) WTF is going on? Petroceltic (PCI) - the new Afren in every respect - and then to 4D Pharma (DDDD), Finally I dwell on the spectre of mass unemployment in certain sectors in China, the UK and the USA and what it means.
PS If you are a Slater & Gordon ambulance chasing lawyer now facing a P45 I have no sympathy - I look at the compensation you got for your clients - notably Savile victims - and how it related to your obscene fees, the costs to society of your activities and thus wish you a long stint on the dole.
3190 days ago
I start with Jimmy Savile as I have no apologies for running this yesterday.The BBC enquiry is just another establishment cover up and I explain why. Then it is onto investor denial at Petroceltic (PCI), not at Premaitha (NIPT), but at LGO Energy (LGO). I explain why Volex (VLX) is - and always will be - a shit company. Then I ask Rob Terry and Knob Park to unblock me on twitter as we should all have an online beer and popcorn party late on Sunday when Slater & Gordon (SGH) reports its results. I'll be up to do a special podcast and it will be fun. I hope you'll be joining me and that Rob will unblock me so he can take part too. There is also a brief comment on Nyota (NYO) where the piggery by a useless CEO is about to stop.
3192 days ago
The unnacceptable face of capitalism, Mr David Lenigas, is today ramping shares in LGO Energy (LGO), spoofing the army of lobotomy patients that appear to follow him, into buying the shares, with his own peanuts purchase. The shares are now 0.33p as these poor fools are parted from their hard earned savings, as they are played, spoofed, by the fat Aussie share promoter.
3193 days ago
There is an RNS out from LGO Energy (LGO) which is being spun as a triumph. It is not. The shares are up 37% today (so just 90% down on the IPO) but I systematically expose the truly bad news LGO is fessing up to. David Lenigas is - as you can see - on twitter having a go at me. Like his tobacco smuggling pal Yusuf Kajee he plays on the suicide of my mother, implying again that I have mental health issues. I do not, but Mr Lenigas will see his soul burn in hell. He is shameless and all folks with any conscience will just refuse to have anything to do with him.
3198 days ago
The silence from doomed LGO Energy (LGO) is ominous. There is not even an attempt to ramp the shares ahead of a bucket shop placing because the bucket shops cannot write the sort of cheque this POS needs to survive. I doubt anyone can or will which is why my target price for the shares remains 0p. As I get the beer & popcorn ready for the final act (the death scene) here are 5 questions for hapless CEO Neil Ritson.
3201 days ago
LGO Energy (LGO) owning lunatic Wildes responds to yesterday's damning indictment of the David Lenigas created value destroying machine by saying that it was all down to the oil price and BP (BP.) was no better. In this podcasts I give the hard facts that show that Wildes is just wrong and explain why BP is an investment and is good news for all concerned while LGO is just a crap gambling chip which gains no-one other than the man exposed HERE, Jabba The Hutt.
3204 days ago
Some are trying to argue that folks have made money out of LGO Energy (LGO) as a gambling chip by trading it. Maybe some have. Most of have lost because as the truly shocking hard data below shows this has been a masterclass in ramping, value destruction and executive greed. The only real winner here has been Jabba The Hutt, Mr David Lenigas.
3204 days ago
I start with an analysis of how David Lenigas and his gophers Hamish Harris and Donnie Strang have managed to spunk £1.4 million of the £1.55 million they had to play with at Polemos (PLMO) in three and a bit years and why after today's placing this is still a POS with the toxix Jabba The Hutt odour all around it. Then it is onto LGO Energy (TOAST) and its latest disaster. Then I move onto Leed Resources (LDP), Motive TV (MTV), Golden Saint Resources (GSR) and Canaccord (CF). One suspects the great analyst Saint Kevin of Ashton loved its disastrous numbers today as the banksters had a hot date with karma. This podcast contains strong language. Lenigas is one four letter word but there are many others.
3205 days ago
I noted today that the ability of the (value) Wrecking Crew that is David Lenigas and associated gophers at Polemos was dire and I doubted if anyone could do worse (see HERE). But a kind reader has managed to find an even more disastrous investment made by Jabba The Hutt using - natch - other folks cash. Let's wind back to 2008 and LGO Energy (LGO), then called Lenigas & Oil.
3206 days ago
Warning: This podcast contains a lot of bad language and images of a sexual nature. As far as I understand it, Sweden is known for the fact that 95% of its population enjoy thrashing the naked buttocks of other folk's partners at the weekend. But it is not this that concerns me but its insane Central bank which has cut interest rates again ... to minus 0.5%. I reflect on this madness and the insanity of Janet Yellen of the Federal Reserve and then on the gold price. I look at a few gold stocks racing ahead wrongly ( Condor (CNR), Goldplat (GDP) and Patagonia Gold (PGD)) and at others I might buy. I comment on the insane dead cat bounce at Motive TV (MTV) and on the odd behaviour of crony capitalist PR man Reg Hoare of TrakM8 (TRAK) and explain why its shares are still a sell. Then it is onto the deadlines for Solo Oil (SOLO) and LGO Energy (LGO) going under as Neil Ritson tries his hand at Leni-Maths. And I also have a trivial pursuit question for you all.
3216 days ago
My earlier podcast on oil was I thought very balanced but one shareholder in Gulf Keystone (GKP) disagrees as you can see in the comments section beneath that excellent Bearcast HERE. My fried you are in denial just like Comrade wildes on LGO Energy (TOAST) and those who still believe in Avanti Communications (AVN). I refer to all three stocks but Gulf in particular as I examine the various facets of this common investor trait of denial.
3217 days ago
The weekend press is full of stories of doom and gloom and dividend cuts for BP (BP.) and Shell and clearly there are a stack of smaller companies that are totally screwed and where shareholders are likely to face total wipeout. In that vein I discuss Magnolia (MAGP), Igas (IGAS), Gulf Keystone (GKP), XCite (XEL) and, of course, LGO Energy (TOAST). But is there a case for buying oil shares as a long term invester. I look at a few cases from BP down to Union Jack Oil (UJO). Perhaps there is no rush but the time will come.
3220 days ago
As the summer wears on folks like little Keith Bush at Northern Petroleum (NOP), Andy Carroll of POS Mosman Oil & Gas (MSMN), halpess Neil Ritson of LGO Energy (TOAST) and Andrew "Piggy" Austin will be looking for new jobs as their company's go tits up. The graphic below suggests that next time they might want to try serving up something customers want to pay for?
3221 days ago
Unlike yesterday's podcast this was recorded before lunchtime and, anyway, I am staying sober until after my presentation tonight when I might be less sober. Still there is a good deal of bad language in the Bearcast as I do a concluding section on Bulletin Board Morons in denial with reference on this occasion to Servision (SEV). I also cover more market abuse at Frontier Resources (FRI) as well as Independent Resources (IRG), Plexus (POS), LGO Energy (LGO) and Fusionex (FXI) - reference director's dealings.
3227 days ago
I showed quite clearly yesterday that the latest investor presentation given by Neil Ritson, the hapless CEO of LGO Energy (TOAST) was misleading. Now I move on to show that this is not a one-off, this company - whose shares are worth 0p - has serious "form."
3228 days ago
An RNS from LGO Energy (LGO) late yesterday announces that hapless CEO Neil Ritson is presenting at yet another conference in Trinidad. Boy that guy must have some air miles. The presentation which you can download HERE is truthful but misleading in respect to the calamitous decline in output. I refer you to page 2 which is below. This is a shocker.
3229 days ago
Today's ramp de jour is Marechale (MAC) which I debunk completely. The same rampers were active in Peer TV (PTV) - see earlier - and Glenwick (GWIK). They are scumbags. I laugh at Lenigas Cuba (CUB) have you seen the latest trade? Then it is onto Environmental Recyclying (ENRT), Octagonal (OCT), LGO Energy (TOAST), Greatland Gold (GGP), STM Group (STM), Phorm (PHRM), Quantum Pharma (QP.), XCite Energy (XEL) and Bahamas Petroleum (BPC), both in my 11 oil stocks to go bust list.
3233 days ago
The Sith Lord Zak Mir will be leaving the rebel alliance for good on Sunday. As of now this site is (with the exception of the miserable froggie Thierry who has penned a great piece today) fundamentals only, no TA nonsense. We will do some buy tips but not of that ramping shite Bulletin Board Morons love - this site is becoming more critical and bearish. In terms of the market I comment on the joke that is ISDX in light of Nigel's great article today then onto MX Oil (MXO) - explaining market abuse & insider dealing for Wildes and other morons - LGO Energy (TOAST), Koovs (KOOV), UKRProduct (UKR), EG Solotions (EGS), Webis (WEB) and BMR (BMR)
3234 days ago
LGO Energy (LGO) has all sorts of problems. It is almost out of cash, it is burning cash, it is drowning in debt and it has a management credibility issue. But its real problem? Its assets in Trinidad are shite. The company has never come clean on how rapidly new wells go into decline but here is the raw data and it is pretty terrifying. It is based on RNS releases for each of its Goudron wells.
3235 days ago
After today's twitter harassment from Yusuf Kajee of Afriag (AFRI) I was rather reminded of the Spitting Image classic below. But it's a lie. I had a good chat with Jan Nelson of Xtract (XTR) who is a nice South African and I offer a few thoughts on his company and explain why our podcast interview will be in a few days. The it is onto LGO Energy (TOAST) and Jabba The Hutt ramping, Stanley Gibbons (SGI), Premier Oil (PMO), Independent Oil & Gas (IOG) and the China frauds. I also mention the new vehicle of Andrew "piggy" Austin of IGAS Infamy which Nigel takes apart HERE. He is not a South African but should be.
3235 days ago
Jabba The Hutt cannot help himself. Having pompously blathered on about how we all need to be responsible when using social media the fat Aussie has today shown himself (again) to be utterly irresponsible or worse. This time the rampfest is LGO Energy (LGO). Jabba tweets:
3237 days ago
I think that Koovs (KOOV) is a basket case anyway but the manner in which it disclosed information - or lack of it - this morning is disgusting and treats private investors with contempt. The Gulf Keystone (GKP ) RNS is a shocker & I have cut my target price to well below 10p. Some folks just don't seem to accept how the oil price has changed everything and I discuss why certain stocks are now well and truly toast notably Northern Petroleum (NOP), IGAS (IGAS) and LGO Energy (TOAST). I am delighted to see that Cynical Bear's articles yesterday have had some impact and comment on Corero (CNS) in detail. And then Afriag (AFRI). Its my birthday tomorrow and I have a present for Yusuf Kajee to celebrate. Incoming!
3239 days ago
I start by explaining to Zak Mir what a dead cat bounce actually means. That brings me to Golden Saint Resources (GSR). Then there is a detailed analysis of the worthless POS that is Magnolia Petroleum (MAGP), comment on why Wildes is so wrong on LGO Energy (TOAST), on Sports Direct (SDI), Premaitha (NIPT) and finally on Games Workshop (GAW) and Mysale (MYSL). I also continue pointing out why lunatics like George Ferguson the barking mad Mayor of Bristol, only serve to make retail stocks even more of an avoid.
Warning: bad language alert.
3242 days ago
I have just had a half sober lunch and explain what that means. I then move onto our champagne socialist, Guardian reading tosser of a Mayor here in Bristol, George Ferguson, and a pre lunch incident. Then onto Mobile Streams (MOS), Poundland (PLND) and LGO Energy (TOAST).
3242 days ago
I could not sleep last night so spent several hours looking at filings by Alibaba (US:BABA), the world's largest IPO. They seem red flag strewn and I would have this one down as a slam dunk sell for 2016. There will be more on this to follow but I am just putting a marker in the sand. Back in the UK I look at Gulf Keystone (GKP), African Potash (AFPO) and LGO Energy (LGO)
3245 days ago
Ok this was one of my less successful share tips of the year for 2015 but this time it really will come good. That will be the prompt for guffaws of laughter from Wildes, who is currently sitting on a sinking lifeboat from the doomed SS LGO Energy. But he who laughs last...
3245 days ago
This company is on the precipice. It needs to raise £5-6 million in emergency equity to keep going and everything is going against it. The best case for LGO Energy (LGO) is mega dilution from whatever is a confetti issuing machine, but an equally plausible outcome is insolvency.
3249 days ago
Sorry that material appeared late on this website today. I was out last night at a play on Christopher Street which some of you may well know well - that explains one part of the headline. Elsewhere I look at interims from Daniel Stewart (DAN) which is just a plain farce. Then onto Afriag (AFRI) and the attempted bribe and LGO Energy (LGO) the two Jabba The Hutt plays. Fraudster Rob Terry was a big fan of Daniel Stewart and also of Imaginatik (IMTK) which I discuss. Fitbug (FITB) is mentioned as - in more detail - is Scancell (SCLP) which seems to be pump priming for a placing.
3251 days ago
The biggest problem that LGO Energy (LGO) faces, other than still not fessing up fully to misleading investors (Leni-lying-gate) and hurtling towards administration unless it can secure a bailout placing and an oil price which is so low that it can't generate cash and having fields which suffer such sharp declines in output that they make no sense, is the association with toxic Aussie share ramper David Lenigas. It tried to distance itsself from Jabba The Hutt by changing its name from Leni Gas & Oil..but er...
3255 days ago
Two days ago I accused LGO Energy (LGO) of misleading investors big time - HERE. Today, when it thinks no-one is watching, it has put out a grovelling correction but someone is still lying. Neil Ritson you useless little shit another correction is still needed.
My point was that LGO raised £7 million to buy a field ( Trinity-Innis) in mid 2014 a day after it said it did not need to raise cash to buy the field and in June 2015 stated that discussions were continuing in its annual report. But the vendors stated in Q4 2014 that LGO had walked.
LGO today states:
3257 days ago
Cripes there is so much entertainment provided by the clowns who run shite companies on the AIM casino. Where do I start? This podcast covers Mosman Oil & Gas (MSMN), Rapidcloud (RCI), Arian Silver (AGQ), Concha (CHA), Rosslyn Data (RDT), LGO Energy (LGO), Fastjet (FJET), Afriag (TOAST), UK Oil & Gas (JOKE), Jiasen (FRAUD), Nostra Terra Oil & Gas (NTOG) and Independent Resources (IRG).
3257 days ago
I will now demonstrate how LGO Energy (LGO) appears to have mislead investors in a cavalier and wilful fashion on a very material transaction and fund raise in 2014. It appears to have breached AIM Rule 11 flagrantly but does anyone care any more? Is the Sheriff of AIM the only person left who actually reads the AIM Rule book and takes it seriously?
On 16th July 2014 LGO announced the potential purchase of a producing field (Trinity-Inniss) - boy it looks like a good deal and the shares ticked up.
3258 days ago
Jabba The Hutt quit all five AIM Casino boards he sat on today. In this podcast I reveal the events of the weekend and discuss why he may have left. I warn him that the Nationals are on his case and so smearing me will be ever more pointless. And then I look at actions of the Bulletin Board morons who are still in denial. And finally at what this means for the Jabba stable. It is bad news. The best bet for near term zeros are Afriag (AFRI) and Evocutis (EVO) but Rare Earth Minerals (REM), Inspirit (INSP), Solo Oil (SOLO) and LGO Energy (LGO) are also all slam dunk sells as I explain.
3263 days ago
This podcast ends with an apology to Doc Holiday. I am happy to set the record straight on which shit Patrick Cheetham stock he tipped and which was a Malcolm Stacey blunder. We start with another request for ideas on what I should get the Mrs for Christmas and thanks Mike from Scotland but it is not going to be a boob job. Then it is onto the disgrace that is African Potash (AFPO), Bonmarche (BON), retail generally, nasty remarks about Americans, Work Group (WORK) and today's Jabba The Hutt comment concerns LGO Energy (LGO)
3264 days ago
Heck if you are a shareholder in a Jabba The Hutt company they might even work for you. I am on new prescription pills and flying. In today's podcast I cover LGO Energy (LGO), tiouch on Afriag (AFRI) and then InternetQ (INTQ) more on that tomorrow, target price 0p. There is a detailed look at Audioboom (BOOM) and a look at Circle Oil (COP) and Tribal (TRB) which have a lot in common with 3 big name zeros I call out in the latest UK Investor Show magazine out today HERE . Finally a look at Tertiary Minerals (TYM) and Concha (CHA)
3264 days ago
Well there is a shock. The LGO Energy (LGO) 2014 annual report was simply wrong in stating that David Lenigas had sold enough shares to go below 3% - naughty, naughty Neil Ritson, but I guess that is the least of your sins. For today Jabba The Hutt announced that he owned 154 million shares.
3266 days ago
I start with a hint to the oppo, that is InternetQ (INTQ), fire the lazy upper class fuckwits at FTI Consulting who you employ to do PR, they are useless as I explain in this podcast. It is then onto Condor Gold (CNR), Optibiotix (OPTI), Wildes and his trading strategy in LGO Energy (LGO) and elsewhere - the road to ruin. And finally where is Malcolm Stacey's Santa rally? It seems to be er..late.
3267 days ago
Yes I have indeed done just that, or I think I have. The olive harvest saga continues and the snow has started on the mountains above the Greek Hovel, pictures later. In this podcast I look at Jabba The Hutt ramping Afriag (AFRI) and warn you what will happen next. Then a comment on LGO Energy (LGO) before heading onto PeerTV (PTV) and - in an unusual manner - I cover ValiRx (VAL). You see Satu I am a man of my word, Halosource (HALO) gets "the treatment" as does Gary Newman for buying into corporate bullshit speak. Then it is onto Photosntar Led (PSL), Fitbug (FITB) and finally InternetQ (INTQ).
PS I see that Evocutis (EVO), a David Lenigas related dog out of cash is off by 10% at 0.09p. Placing ahoy!
PPS: Warning, the pain killers are working brilliantly...extreme bad language alert.
3267 days ago
I seem to be struggling to do business with my olives here in Kambos, Greece. I appear to have sold the oil - all bar 16 litres which I am taking back to the UK. But so far I have paid the press 16 Euro for the transaction which now sees it owning 200 litres of MY oil. Surely this is not right? Perhaps InternetQ (INTQ) runs the olive press? In this podcast I also cover LGO Energy (LGO) just to keep Wildes happy - Jabba the Hutt fave Rare Earth Minerals (REM) and European Metals (EMH), Concha (CHA), Tern (TERN), Imaginatik (IMTK), Peer TV (PTV) and the looming debacle at Chris Oil fave Mkango Resources.
3269 days ago
In this presentation from Gold & Bears I posed 12 questions that Jabba the Hutt will not answer. I then ran through the Lenigas portfolio explaining why you should sell shares in each of: LGO Energy (LGO), Rare Earth Minerals (REM), UK Oil & Gas (UKOG), Inspirit (INSP), Lenigas Cuba (CUBA), Evocutis (EVO), Solo Oil (SOLO) and AfriAg (AFRI). Enjoy...
3270 days ago
Yesterday I asked you to identify the odd one out in the four pictures below: The England Rugby team, David Lenigas, Market-makers Winterfloods and the City Nomads, brokers and PRs celebrating at their annual Christmas party and YOU ALL GOT IT WRONG but there were some good answers anyway HERE.
3270 days ago
The pain killers are really starting to kick in and so I must warn you that this podcast contains some bad language. Well quite a lot of bad language actually. On the agenda are the delusional fantasists who are running both Rose Petroleum (ROSE) and Condor Gold (CNR) into the ground. There is an apology on LGO Energy (LGO) but its shares, down again today, are still toast - I discuss what a strategic review means and why Bulletin Board morons are just so blinkered...they are in love you see. Then it is onto Iofina (IOF), Quoram (QRM) and the dog Fitbug (FITB)
3271 days ago
In today's podcast I update you all on the olive harvest - I managed four hours in the fields today despite still being in real pain. But not as much as LGO Energy (LGO) - its RNS today smells of desperation. For strategic review read "the game is up" and that also applies to Kolar Gold (KGLD). I comment on Avanti Communications (AVN) where the share price crumble is accelerating - remember debt is crack cocaine for management but for shareholders it is bad for your wealth. I comment on Silver Falcon (SILF) and tick off the grossly irresponsible, Justin the Clown of ADVFN and also on Defenx (DFX), rapidly becoming an IPO omnishambles. Then onto InternetQ (INTQ) where it is now "game on" but I end with Antrim Energy (AEY) where a concert party of Brokerman Dan, market abuser Chris OIl and ADVFN (AFN) head honcho Clem Chambers have just taken a 3% stake. Warning: this podcast contains bad language.
3271 days ago
Despite Jabba The Hutt tweeting like mad about how cheap shares in LGO Energy (LGO) are, they have crashed again today and are now just 0.15p to sell. Ouch. Only 0.15p to go. In honour of this we have a new odd one out contest. Simply say which of the four pictures below is the odd one out and why.
3271 days ago
I refer not to InternetQ (INTQ) of which a lot more later but to an accident I suffered when picking olives this morning. I am in real pain. I know how it feels to be a shareholder in LGO Energy (LGO) which I discuss. In today's podcast I also cover Northern Petroleum (NOP), Hardide (HDD) - in grisly detail - Hunter Resources (HUN) and take Nigel's excellent weekend piece on China New Energy (CNEL) further - this just stinks. Talking of China and Norfolk, I also note the news today from JQW (JQW). Finally I question the RNS from Forbidden Technology (FBT)
3271 days ago
You were not spoofed by Neil Ritson and his puppetmaster Jabba The Hutt, aka fat Aussie share ramper David Lenigas, into thinking that today's news means that LGO Energy (LGO) is going to attract a bid were you? Oh dear. It is not going to happen. Let me explain.
3274 days ago
In this podcast I discuss OPEC and the oil price. I think you should have some oil exposure via BP (BP.A) and I am intyerested in a couple of gas plays, notably Ascent (AST). But I remain uber bearish on oil juniors as I have been (correctly) for four years. Among those heading for zero which I discuss are Gulf Keystone (GKP), Xcite Energy (XEL), IGAS (IGAS), Mosman Oil & Gas (MSMN), Northern Petroleum (NOP) and LGO Energy (LGO). And there are others take may not hit zero within a year but which still face share price decimation such as Solo (SOLO) and the Horse Shite/ Horse Hill Gatwick Gusher plays.
3275 days ago
There have been deranged comments all day coming from Del Boy Lenigas apologist and diehard LGO Energy (LGO) shareholder Wilrides suggesting that the suspension of shares in Teathers Financial (TEA) means wipeout. As you would expect from an LGO shareholder he has got it all wrong.
Teathers was suspended today becuase AIM deemed
3275 days ago
No Albanians, no work on the olive harvest yet. And now Vrechi, that is what I fear. I have yet to discuss my entanglements with Globo (GBO) and InternetQ (INTQ) with my neighbours but I am sure they will understand. I start the podcast on InternetQ and the weedy rally today. Then it is onto LGO Energy (LGO), another David Lenigas triumph. But what does Jabba The Hutt care? He sold his shares. En passant I mention UK Oil & Gas (UKOG), Motive TV (MTV) and Papua Minerals (PML) before taking a detailed look at Escher (ESCH).
3275 days ago
I make this two confetti issues by floundering LGO Energy (LGO) in the three months since Jabba The Hutt, aka David Lenigas, dissed me on twitter for saying a placing was inevitable. The bad news is that there is a far larger share issue still needed. The good news, for the fat Aussie share ramper at least, is that he sold most of his LGO shares (if not all) last year without disclosing it as he should have done. So it is not his problem.
Today hapless Neil Ritson
3277 days ago
The annual ritual is complete. The Mrs and I have photographed my morbidly obese three legged cat Oakley in his Christmas hat and even Tara played her part posing in the hat and in a stocking. And thus our rather un-Christian cards are now in production. Awway from that I have a long look at Slater & Gordon (SGH) where the management has just allowed the bears a chance to sell even more shares. Jabba The Hutt stocks Solo (SOLO) and LGO Energy (LGO) get a mention as does Aureus Mining (AUE) with its hugely discounted placing. Alba (ALBA) is clearly lining up its next confetti issue and I comment on that as well as Blur (BLUR), Outsourcery (OUT), Wandisco (WAND), Plant Health Care (PHC), Gulf Keystone (GKP) and NAHL (NAH), Finally I commend the CEO of ValiRx (VAL) who attended Gold & Bears on Saturday and was incredibly poilite. Memo to TW. I will be less beastly to her in 2016.
3283 days ago
Call it a dead cat bounce. Shares in LGO Energy (LGO) have bounced to 0.5p on news that the bank is not pulling the plug so it is not bust. Yet. Jabba the Hutt, aka David Lenigas, still refuses to saw when he sold most of his shares but it was a good call by Big Dave to get out when he did because the outlook is still grim.
3286 days ago
Hat tip to twitter follower @Terryfwit1 for flagging up a fascinating new section on the LGO Energy (LGO) website – Q&A. It displays clear signs that CEO Neil Ritson is trying to distance himself from David Lenigas over his share dealing i.e. selling).
3297 days ago
I hope that his PR man does not beat me up for saying this but David Lenigas appears to have made millions of pounds from selling shares in LGO Energy (LGO) – despite constantly tweeting how cheap the shares were – and appears not to have notified AIM of those share sales.
3300 days ago
Quindell (QPP) later. For now, in today's podcast I look at Goals Soccer Centres (GOAL), Red24 (REDT), JQW (FRAUD), Kenmare (KMR), Sareum (SAR), Falanx (FLX), LGO Energy (CRAPCO) and Lenigas Cuba (JOKECO)
3301 days ago
Oh dear, as if life were not bad enough for Big Dave Lenigas after LGO Energy’s appearance on the front page of the Sunday Sun today, now comes news that shareholders in ISDX train wreck IPO Lenigas Cuba (CUBA) want their dosh back.
3301 days ago
As a supporter of Ireland, nothing gives me greater pleasure than seeing the England Rugby team get a thrashing on the field of play. Or so I thought until I read today’s lead story in that fine publication, The Sun on Sunday, “England stars in shares rip off”. Oh what joy.
3306 days ago
This podcast ends with me thanking many readers for making me laugh. Before that I look at Lenigas Cuba (CUBA) and suggest that all 2p investors contact the Financial Ombudsman now. Then I discuss the - unfashionable - idea of taking responsibility for our own actions. Then I cover the fraud Globo (GBO) before looking at LGO Energy (LGO) and Inspirit (INSP) where placings loom very soon indeed. Then I cover World Careers Network (WOR), Standard Chartered (STAN), PeerTV (PTV) and Getech (GTC).
3306 days ago
Thanks to reader BobbyChariot who has captured proof that David Lenigas is rushing from Cuba following the disastrous Lenigas Cuba (CUBA) IPO to Trinidad to check out the LGO Energy (LGO) train wreck. Its not a good day for either company but Big Dave is on the case , working hard for shareholders. Feel free to supply a suitable caption in the comments section below
3306 days ago
David “I love the smell of newly issued confetti in the morning” Lenigas may no longer sit on the board of LGO Energy (LGO) having ducked out ahead of the shit hitting the fan, but the curse of Big Dave cannot be escaped. Today’s statement from LGO is a disaster and this is now officially another Lenigas car crash.
3307 days ago
Should one feel sorry for shareholders in Lenigas Cuba(CUBA). Explicitly No! I explain why. Where does this shambles leave David Lenigas? In a bad spot I suggest for Afriag (AFRI), Inspirit (INSP) and LGO Energy (LGO) all of which need to raise cash. I also cover Cambian (CMBN), Caza (CAZA), Stellar Diamonds (STEL), Gfinity (GFIN), Atalaya (ATYM)- formerly EMED - and Fitbug (FITB)
3312 days ago
It is one month to Gold & Bears and we now have a A1 bear speaking line-up. I hope that all bearcast listeners will be coming along - details on how to get a free ticket are HERE. I then discuss the new Bond. Political correctness gone mad. Then it is onto Meggitt (MGGT), Chemring (CHG), Plutus Powergen (PPG) - a total ffing disgrace - Petra Diamonds (PDL), DJ International (DJI) - my heroes of the day - CEB Resources (CEB), UK Oil & Gas (UKOG), Auhua (ACE) and the other China Norfolks, PeerTV (PTV) , LGO Energy (LGO) and I have a warning for the board at Minera (MIRL), I have a "treat" for you guys later. Smiley face.
3313 days ago
A busy day with my daughter beckons. In the evening it is the new James Bond film. But first a lunchtime bootcamp with Uncle Chris (Booker) to put her straight on the Evil Empire, the EU. In the podcast I ask if InternetQ (INTQ) is the new Globo (GBO)? Then I look at Chemring (CHG), Dialight (DIA) - another win for the bears - Afren (AFR) gets a mention as does LGO Energy (LGO), BP (BP.), Union Jack Oil & Gas (UJO) and - just to niggle Wildes - Premaitha (NIPT) whose shares are moving ahead nicely - more to go there!
3320 days ago
Globo (GBO) is now the No 1 short on AIM and I explain why. Then I take a listener request - this is one off favour - and look at Messaging International (MES). Then onto LGO Energy (LGO) where I explain why the Bulletin Board morons are wrong and my target price is either 0p or 0.2p. UK Oil & Gas (UKOG) is heading down to 0.75p and I explain why. Rurelec (RUR) could well be a zero but is certainly a slam dunk sell. And then it is back to preparing my lecture for the lefty sociology students of the Mrs tomorrow "Capitalism makes the world a better place for all (Greed is Good)"
3321 days ago
Naturally anyone associated with David Lenigas must be a respected industry figure whose integrity is beyond doubt. You can trust every word said by men such as Steve “I said that there were 100 billion barrels on camera but deny that I said it” Sanderson of UK Oil & Gas (UKOG). And so it is a given that LGO Energy (LGO) has been upfront about its Goudron 678 well issues is it not?
3321 days ago
Today's podcast finds me in a panic as Oakley and I need to do frantic tidying before the Mrs returns to cover our respective sins. Meanwhile Tara the cat is also misbehaving. On the agenda - the great unravels at LGO Energy (LGO) but more especially Tribal Group (TRB) - the latter getting a thorough analysis. Then it is onto JQW (JQW), Alba Minerals (ALba) and the Horse Hill/Horse Shite prospect and Michelmersh Brick (MBH) which leaves me confused, perhaps Chris Bailey of Financial Orbit is geekish enough to assist?
3321 days ago
You cannot say I did not warn you about LGO Energy (LGO). After today's news I ask if it could go to zero? The answer is yes and the shares are a stonking sell still. But the wider David Lenigas brand is also badly tarnished. I will have another dynamite revelation on Lenigas Cuba (CUBA) shortly, Afriag (AFRI) needs a placing big time and the Horse Hill hype is being shown to be just that so UK Oil & Gas (UKOG) has real issues. It is not a happy Monday for Big Dave.
3325 days ago
Another day and it’s another conference presentation by Neil Ritson, the hapless CEO, of cash burning & drowning in debt LGO Energy (LGO). And for once I commend him for his honesty in listing five reasons to sell shares in LGO.
3331 days ago
No doubt Big Dave will tweet that he does not read my material but that I am 100% wrong. Just like he did when I said LGO Energy (LGO) was going to do a placing. Then it did one. So shall we double up Big Dave? When is Afriag (AFRI) going to do a placing? Methinks VERY SOON.
3335 days ago
A visit to the quack today was not good news but at least the woes of English rugby and LGO Energy (LGO) are there to cheer me up. in this podcast I discuss Alexander Mining (AXM), Cloudbuy (CBUY), the hoods at Equities First Holdings LLC (EFH), Daniel Stewart (DAN), Imaginatik (IMTK), Wandisco (WAND), Mirada (MIRA), Range Resources (RRL), tech stocks vs mining stocks, Amanda Van Dyke and, to end, I can't resist a cheap joke about the rugby.
3335 days ago
Investing does not have to be hard. If you see a company with a weak balance sheet and burning cash you should expect a placing. And so I warned numerous times in recent weeks (notably HERE) that a placing was imminent at LGO Energy (LGO). The head in sand denial was predictable, I await the apologies. Big David Lenigas should be first in line.
3338 days ago
I had sme great news just now but cannot share it with you. On the other hand my day has been cursed. PR girl fuckwits calling during bearcast, Paragon Diamonds (PRG) owning morons on twitter and above all - since flip flop is on holiday - I have to sub Zak Mir's copy. Please God what have I done to deserve this? I comment on Paragon, Churchill Mining (CHL), Forte Energy (FTE), LGO Energy (LGO), Golden Saint Resources (GSR), Horizonte Minerals (HZM) and the loons who love CEB Resources (CEB) and why they are loons. I am now off to work on a cracking new mining share tip for Monday on the Nifty Fifty.
3339 days ago
A few reflections on the AFCE Fraud conference today at which I spoke and on the Boohoo (BOO) supper with Paul Scott last night. Then onto Daniel Stewart, Caza (CAZA), LGO Energy (LGO), Wandisco (WAND) and Magnolia Petroleum (MAGP). Then the fire alarm went.
3346 days ago
In a wide ranging podcast I once again praise the great share blogger Paul Scott, if only to annoy those Bulletin Board Morons who wish to see us be nasty to each other. That will not happen. Elsewhere I comment on LGO Energy (LGO), UK Oil & Gas (UKOG), Armadale Capital (ACP), RM2 International (RM2), London Capital (LCG), JQW (JQW), IMC Exploration and that scumbag Liam McGrattan of US Oil & Gas (USOP) infamy and what that says about Standard Listings, and also on Tungsten (TUNG).
3347 days ago
In the wake of the recent dismal interim numbers LGO Energy (LGO) head honcho Neil Ritson yesterday gave a presentation at an investor conference and he rather gave the game away. When’s the placing Neil, my son?
3349 days ago
So much to discuss today on the podcast. On this wet day in Bristol my life is brightened by a stream of disastrous RNS announcements. In no particular order I discuss Geong (GNG), Vmoto (VMT), Jiasen (JSI), JQW (JQW), RSA (RSA), Boohoo (BOO) - why the UK's top share blogger Paul Scott is wrong - LGO Energy (LGO), oil prices, Antrim Energy (AEY), Belgravium (BVM), Arian Silver (AGQ), Audioboom (BOOM), Proxama Resources (PROX) and in a bit of detail Seeing Machines (SEE).
3349 days ago
In today's podcast I cover Big Dave Lenigas, LGO Energy (LGO), Sefton Resources (SER) and Pinsent Masons and Boohoo (BOO), ASOS (ASC) and the unsustainability of super normal margins at a general level
3349 days ago
Sadly for us bears most of the slam dunk mid-cap AIM shorts have already gone our way. We have had great sport with Monitise, Tungsten, Quindell, Range Resources, LGO Energy, Cupid, Globo (still more to come there), Gulf Keystone, etc. We won. The Bulletin Board Morons lost. Only Avanti Communications is still left to topple. It will. But now I think we have a new quarry to stalk: Boohoo.com (BOO) looks a slam dunk short at 33p.
3351 days ago
I start this podcast with a mention of my personal weekly podcast this week - The Orwellian BBC is not fit for purpose - you can catch it here. Then onto Wildes, LGO Energy (LGO), Sefton (SER) and the consequences of wage inflation and the abandonment of sound money.
3352 days ago
In today's podcast I celebate Fiji - come on guys, the Celtic World expects. Then onto how Goldman Sachs got the FOMC to carry on blowing bubbles and the to the farce carry on up the Sefton (SER) - Raylene Whitford has quit. Then to New World Oil & Gas (NEW), Ferrexpro (FXPO), Arian Silver (AGQ), Monitise (MONI), Metals Exploration (MTL) and LGO Energy (LGO - The Sheriff of AIM vindicated once again
3396 days ago
Yesterday we asked you (HERE) when you expected LGO Energy (LGO) to issue its next batch of confetti given that its boss Neil Ritson had ruled out an August dump on mug punters. You seem to think it is not long.
3397 days ago
LGO Energy (LGO) boss Neil Ritson has apparently emailed at least one shareholder pointing out that August is a dead month for placings so why would the serial confetti issuer be in a rush to issue more confetti. Well, perhaps because it is in debt and burning cash? So when do you think LGO Energy will next be issuing shares?
I think that the shares are a stonking sell at 1.7p as I explained HERE
The deadline for voting is midnight tonight (Tuesday).
3415 days ago
I am on such a high. But there is no coke involved. Or hookers. Heck I'm not a crony capitalist just a capitalist and I've had a cracking day so far as I explain. Then to Greece and China and why China matters and why the Chinese Canute's won't win. And then onto LGO Energy.
3511 days ago
In this podcast I start with the debate between Wilderides and miserable froggie Thierry on Shell & BG Group but move to the wider issue of overconfidence ater a seven year bull market. Companies covered include Tungsten, Coms, 4D Pharma,, LGO Energy, Cyan, Plethora and Vipera
3535 days ago
A belated happy St Patrick's day and in this podcast I look at Synety - what a horrible POS - Wandisco, Hunter Resources, Imagination Technologies, Gate Ventures and LGO Energy
If you like bearcast then you will love the bears presentation and my own two slots at UK Investor on April 18. There are now fewer than 250 tickets available and to ensure you get one of them book HERE
3558 days ago
Yet again LGO Energy (LGO) is issuing shares like confetti. Yet again it is announced at no-one is watching O'Clock and enough is enough, I let rip at this company and only half jokingly call for Big Dave Lenigas to resume control.
3598 days ago
Again I am a little late with today's podcast. Back to normal in Bristol on Friday but I have an excuse. On the agenda today, Touchstone Gold and crony capitalist Steve Berry, equity valuations, Alecto, Northern Petroleum, oil prices, IGAS ( happy anniversary to Andrew "Piggy Austin" ahead of tomorrow), Optimal Payments, LGO Energy, Enteq Upstream and Paul Scott.
3603 days ago
Once again it is that week when Darren Atwater and I both turn one year older. Last Monday the pizza hardman turned 47. I stop being 46 this Monday coming up and as it is the start of the year you naturally think about what you have achieved and what you want to achieve.
We are getting older. Perhaps as importantly our parents are getting pretty old now – Darren’s in Canada, mine in Shipston. As they all head towards eighty you have certain thoughts. I guess both Darren and I are also contemplating that we are closer to retirement age than to the start of our careers. In his quiet way he still has a bit more hunger than I do to achieve and conquer. I think I’m well past that now.
Professionally we can look back two years with some satisfaction. We have
3607 days ago
Why am I in a good mood? The promise of dinner with Ms Argyle next week perhaps? I do not know but it all flowed out today in this podcast. So on the agenda: BP, Tern (target price 2p because I am a generous nice guy - but don't let on as I have a reputation to protect), Asia Resource, Nanoco, LGO Energy and oil stocks again.
