Allenby pulling the strings!

Another day and another twist in the Sefton Resources (LON: SER) saga. Today we find out officially that the proposed new nomad Zai Corporate Finance have decided not to come on board as the new nomad. Of course some people already knew this over the weekend. Come on down Tom Winnifrith. What shareholders should know is; who has been secretly briefing Winnifrith behind the scenes virtually every step of the way? Step up Allenby Capital the current Sefton nomad. Allenby have over a considerable period of time not only been shadow directing Sefton, (which is in breach of their own as well as Aim Regulations and the Nomads code of conduct) but are guilty of maliciously leaking information to Winnifrith as part of their concerted smear campaign to thwart shareholders from installing a new board with new assets. Assets that are located in the Bahamas with a 4 Billion barrel recoverable resource potential.

As a journalist myself with over 15yrs involved in the media I can only tip my hat to the Crony capitalist Winnifrith who has like all journalists used his sources to get the information out into the public domain. It’s quite legitimate and fair game. No gripes here. It’s the nature of the beast.

However for the current nomad to deliberately pass inside information outside of the corporate sphere is reprehensible. It’s testament to the lengths Allenby are prepared to go to cover up what they have been doing within Sefton. They have been running the company and making most of the major corporate decisions. This is in direct contravention of Aim and nomad regulations.

For a nomad to bully and intimidate the new nomad (Zai) into withdrawing and leaking their name to a journalist (Winnifrith) thus opening up Zai to constant corrosive attacks, blog posts, emails and phone calls is beyond the pale. Within 24 hours of Allenby knowing who the new Nomad was it was leaked by them/Sefton. Just as the Letter of Requisition was also leaked to shareProphets and published before the official RNS. What’s happening here is that the rightful shareholders democratic mandate to install a new board with a new way forward is being sabotaged specifically by Allenby.

It is not for any nomad to dictate to shareholders the way forward for a company. Shareholders have exercised their democratic rights and spoken. We want the new board in and the old board out. That has been agreed. If that agreement is reneged upon we will issue a writ. As well as force back the EGM. If it means buying another 10% of Sefton we will. There are potentially tens of millions of dollars at stake here! This is a high stakes game and we will NOT FLINCH.  The nomad is their to protect the integrity of the market. Its remit is not to take corporate decisions and leak inside information to smear and cause a disorderly market thus causing shareholders huge losses. Allenby will also receive a writ for compensation on behalf of ALL shareholders.

Allenby must resign immediately.

Daniel Levi

There’s been a strange dance being played out before our eyes over the last few months regarding Horse Hill and the ‘is it or isn’t it a genuine oil play’?

The question traders/investors should ask is this; If BP, British Petroleum (LON: BP) were running the show would they be getting the kind of abuse the likes of David Lenigas has had to endure? Quite plainly NO. We now learn that Alba Minerals (LON: ALBA) have extended their option to acquire another 5% stake in the ‘Gatwick Gusher’. The question is why?

My spider senses are tingling. And like all gut feelings I’ve bought in to it. Just what has prompted one of the Horse Hill players to take this position? The RNS gives them till the 23rd of October 2015.

That tells me that news of some kind is imminent from Horse Hill.

Just what that news is, isn’t known but news is likely to drop. It could be anything from a Major farming in or exploratory talks with a big player etc. Or a massive upgrade in the play backed up by hard evidence. Remember there are two world class oil field service companies, Nutech and Schlumberger, involved. Base your decisions on what they (and the players) are saying and not on what the trolls and drunken blogger (Winnifrith) writes out of spite, remember the Lenigas shilling isn’t dropping into his pocket anymore. If it was the tune would be very different.

Eyes on Horse Hill. News could be about to strike!

Viva!

Dan

It is a shocking day today for Sefton Resources (LON: SER) As we learn that the company coffers have been raped by the out going board. A scorched earth policy to cover their malfeasance if ever there was one!

On the 31st of July 2015 Sefton had a cash position of circa £1,000,000. Where has that money gone? £700,000 has been burned in 90 days. The new management are now conducting a forensic audit to ascertain where and who has been fleecing the company and its shareholders. In 2015 Sefton had raised over £2million net of costs where has all the money gone in little over 8 months? Where? This is a very valid question in my view. As Shareholders we have every right to demand answers with a full breakdown of just who and where the cash has gone. Names will be named and all will be made open to public scrutiny.

Shareholders can rest assured that a forensic audit is now underway. Every penny will be tracked and traced. It will be interesting to learn of exactly what cash has found its way into the pockets at Allenby Capital and the outgoing directors. Who have at every stage, since the EGM was called, sought to confuse and obfuscate shareholders rights to change the board. Now we all know why they were briefing and smearing the requisitioners.  They didn’t want independent analysis of the books, which have undoubtedly been cooked.

The company shall be making a formal complaint to the FCA once the evidence is unearthed and unearthed it will be. The City of London police will also be contacted. This is a fight for what is right! For far too long Allenby have been shadow directing Sefton Resources and when the writ arrives and arrive it will, it will land on their doorstep.

Allenby Capital should hang their heads in shame. I promise you this a writ will be issued on behalf of ALL shareholders if and when we discover hugely inflated Nomad fees prior to the handover.

An absolute disgrace.

Viva!

Dan

Who will be the new shareProphets ‘Editor’? now that self confessed drugdealer and calamitous business failure Matthew Ben(t)Turney a.k.a #Druggieboy gets the order of the boot come Christmas 2015? We have it double sourced that senior management are looking for a new suitably qualified replacement come Crimbo…

Applications via email to tomat69@gmail.com

The runners and riders are below. Cast your vote have your say it’s a democracy.

It’s looking ever bleaker at the house of Solo Oil & Gas (LON: SOLO) who’ve now spunked away their 2015 placing cash. Punters will recall that they raised £2,700,000 this year via two placing’s. Just what in the name of Jupiter has the cash been squandered on? Maybe the ‘invisible man’ CEO Neil Ritson would like to explain to shareholders?

I’ve never met Neil, never spoken to him or had any kind of conversation via phone or email, so I’m not here to personally disparage a man I do not know. What I do know is that the current falling oil price has certainly had an effect. The Winnifrith preposterous claim he’s a “David Lenigas puppet on a string”  holds no weight with me. Neil is his own man. The responsibility for Solo rests firmly on his shoulders and his shoulders alone. This is business and I’m now making it my business. What I am doing is setting out the case that Solo are going to do what their CEO has done through-out his tenure at the company and that is place and dilute for the 19th time and fail to deliver. Then place and dilute a 20th time then fail to deliver….. Reading through their RNS’s from 2010, when Mr Ritson took control, It’s a groundhog day company. Not one I would consider as worthy of researching, or invest cash into until there was a Board room clear out.

Looking tired Neil? You need a rest.

On a fundamental case Solo are as CaliforniaJoe writes HERE ‘running on fumes’ it’s my understanding that with the recent employment of Raylene Whitford (she who spitefully dissipated  Sefton’s shareholder cash over a 12 week period to spike the incoming new management team while covertly running a smear campaign recruiting BB Trolls against Seftons requistioners) has been brought in as an oil & gas consultant. Her only claim to fame? 6 Months experience roughnecking on a rig in Canada. Just quite what this girl thinks she can achieve for Solo may become apparent over time. But it’s time that is quickly running out. With estimates varying of between £80k and £200k in the bank at year end 2015, Solo will place and or draw down on their debt facility. That is a 100% certainty.

Any investor holding stock here will receive a massive dilution not only to their holding but the actual cash value of that holding. If I was them I’d be out 1st thing tomorrow morning. The placing when it comes, and come it will, will have to be at a massive discount in-order for the bucket shops to entice the gullible into parting with their cash. It could be a case of Deja vu re’ the disastrous Whitford Novum Sefton placing at 0.065p

Time for Board Room Change.

How long should senior management get to turn a company into a viable business? Neil Ritson is entering his 6th year. One has to beg the question; When will the penny drop that his tenure at Solo is way past it’s ‘sell by date’? Shareholders need results there’s only one thing that can save him. Tanzanian gas production which has been promised and postponed more times than an USA inmate on California’s death row. The difference being that in California they eventually always get the gas to flow! If the gas doesn’t come for Solo then It’s time for a resignation with a new team taking control. If not then shareholders should band together en-masse and vote him out. For far too long CEO’s fill their pockets with shareholder cash while bringing absolutely no value whatsoever back into the pockets of the faithful.

I challenge Neil Ritson to a public platform debate in London on Solo Oil & Gas. I’ll organise it and pay for it. The gauntlet has been thrown. Pick it up Neil and defend your record. Failure to do so will speak volumes.

You maybe a good geologist however as a CEO you need to step away.

Viva

Dan

2015 was a year of change for me personally, from being outside of the corporate tent pissing in I managed to get inside the tent and stopped those within it from pissing out. The team negotiated down millions of dollars worth of debt and managed to bring a revival in the SP with new finance and an asset deal that only needed signing off. I enlisted the help of many good CEO’s three in particular deserve a mention in dispatches. These men gave me advice and their valuable time without ever asking for one single penny piece or receiving any money whatsoever. They did it because they are decent honest men and knew the importance of aligning a company with shareholder value. So in 2016 I’d like to personally thank James Parsons (SOU) (who actually spent his own money on conference rooms, lunches, advice and introductions) and Matt Lofgran (NTOG) who must have spent hundreds of pounds on international calls. Although Matt has now been somewhat swayed into the arms of the Pump & Dumpers, he is a man of integrity.  Lastly but not least Clem Chambers (ADVFN) who paid for his own flights, accommodation, meetings/lunches etc. In the USA and was instrumental in negotiating down $4,500,000 of bank debt.

Regardless of the shite that was fed by Sefton to the likes of Winnifrith (who by the way was offered a directorship in Sefton by me at the time we were organising) ShareProphets and LSE Trolls, (One Troll in particular was being lined up for a directorship by the now disgraced former management) to smear the requistioners, Clem with Mike Hodges have now once again taken up the Sefton cudgels on behalf of all shareholders, fighting to save the company and saved it was.

The Nomad, who was owed a huge sum of money, which was paid in full, told me post the lifting of the Bank of the West debt that  “Quite frankly Dan no one gave you any chance of doing what the previous management couldn’t”.  A previous management, some of whom, had been taking hundreds of thousands of dollars in fees, expenses and shares. Of course I’m referring to Sefton Resources. Now delisted and being re-structured. The moment myself and Clem Chambers departed leaving the company fully financed and in a position to deliver was the beginning of a return of those who had been fleecing shareholders for years. The now ousted board  (Tom Milne being the exception) and departed employees, couldn’t give a flying fuck about their shareholders. What I discovered and always knew which was completely vindicated, was that the vast majority of AIM corporates have no regard whatsoever for their shareholders. It is on that basis that I am of the opinion that direct shareholder actions are the only way to influence these ‘corporate bastards’

At present we have several ‘Actions’ ongoing behind the scenes. Funds are being put in place for full frontal assaults on these ‘several’ AIM resource companies. More of which will no doubt become apparent over the coming months.

So the gist of this article is to make investors/traders aware that if you want to have any impact or influence on the companies you trade and invest in then you have to get out of your google/twitter/chatroom bubble. Change can be effected the secret is a union of shareholders. 2016 will be a year of fireworks.

It’s going to get real dirty

Viva

Dan

N.B Tom now stating he’s cancelling peoples votes!!!  It’s called Rigging votes! Freespeech? My Arse… pmsl…

I’ve just been emailed an article by a reader. I’m absolutely in fits of giggles. Apparently the ‘Shemale of Aim’ oops typo I mean the ‘Sheriff of Aim’, the hapless Tom Winnifrith is in a lather regarding a poll he’s running on shareProphets. “Who is the biggest Aim Villain in 2015″ the usual targets are listed in the poll, some rightly there, others certainly not. The Sheriff is now alleging all kinds of conspiracy theories as to why the vote isn’t going the way he’d set it up to go. i.e Winner Rob Terry, David Lenigas or Chris Oil, then Tom writes the article. All a bit of fun no doubt.

The problem for Thomas is that Lord @ChrisOil ran a piece on twitter urging people to Vote for a lady named Canace Wong, as a protest at shareProphets/Tom being the real villain of 2015 on the Aim Casino. As I understand it poor Miss Wong is now being proxy voted for Tom being crowned the biggest villain operating on Aim. No one can manipulate the poll because it’s run on a secure server by the company who host the service. So poor Tom has to sit by pulling his hair out as his very own members vote for who they want. You can’t vote unless you’re a member of shareProphets. Returning voters are blocked by ‘script, cookie, browser, and IP address as well as having to have an account on shareProphets. In-order to have an account you have to have a validated email etc. One account one email. It’s a pretty full proof system. For a giggle I did sneak on there myself last night and use my old account to vote. 1st time in months.

Some of the comments were hilarious… But as ever the lipservice purveyors of @freespeech have taken all comments off. I never link or visit shareProphets especially when it was being edited by a drug dealing liar. Now that Messr’s Winnifrith/Moore are back in control I may lift my block. ShareProphets Articles have one purpose, and that is to drive traffic to make money. But on this occasion and it being the New Year of 2016 I’ll make an exception. Hence the links, back to their POLL.

TW crowned Villain of 2015? Comedy gold!

Remember it’s all good fun and in Jest.

Happy New Year to the Biggest Villain On Aim, whoever  wins I can hear the excuses being formulated now! lol!

Vote Canace a.k.a Tom Winnifrith! pmsl…

Viva

Dan

POLL CLOSED

ShareProphets have called foul on their Poll because 43% proxy voted for Canace Wong a.k.a Tom Winnifrith as the real Aim Villain of 2015. So let’s set the record straight. We’re re-running that exact same Poll with 2 new names added to the candidates list, in addition comments will not be moderated or deleted. It’s totally independent and dependent on who YOU think is the Aim Villain of 2015.

Voters, unlike shareProphets, don’t have to be a member. And returning participants are blocked by Browser, Script, Operating System, Meta tags and IP address.

There’s four differences to the BMD Poll. 1/ It’s genuinely all inclusive! 2/ Tom Winnifriths name has been added. 3/ BMD has also been added. 4/ We won’t be screaming blue murder just because we don’t like the outcome! This Poll will close at midnight 6/January/2016.

So without further ‘ado’ YOU DECIDE!

Who was the biggest stock market villain of 2015?

Tom Winnifrith

Vote rigging! As predicted writer, editor and owner of the one man show/blog shareProphets has produced even more comedy gold on his ‘who is the stock market villain of 2015 poll’ Tom Winnifrith has now decided to discount all the genuine Canace Wong a.k.a Tom Winnifrith proxy votes. Why I hear you say? Because Canace Wong a.k.a. Tom Winnifrith was the slam dunk winner. Receiving 42% of all shareProphets votes cast! Remember you have to be a member to vote!

Robert Mugabe

Of course the piss poor pathetic excuse given? An anonymous Manchester voter using the same IP to multipule vote! Really? A quick look at the facts are that it is impossible to vote from the same IP. As stated in todays email response from Boardhost.com who own and run the programme and server that hosts their poll service. See copy of boardhost reply to their online contact form at the end of this article.

It really is yet another major blow to the credibility of TW and the so-called purveyors of free speech to sink to ballot rigging! The name Robert Mugabe comes to mind! To behave like a despot and rig the vote so that others take his crown. It’s comedy gold, pure and simple. It would seem it’s “not who votes that counts but who counts the vote!”

Of course you can vote in a truly Independent poll run by this site and vote whatever way you choose CLICK HERE Independent Poll. Vote Now! Who was the biggest stock market villain of 2015. Tom Winnifrith was ‘Wong’ to Deny Freespeech!

Viva

Dan

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  How can we assist you? Can you please confirm that all votes in the above poll came from different IP’s and that return voters are banned from voting? It is alleged by shareProphets that a United Kingdom Manchester IP has voted 190 times in this poll.</p><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br> <p>Please Clarify</p><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br> <p>Kind Regards</p><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br> <p>Daniel Levi

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Read all about it! London Villain exposed!

It’s official the results of who YOU think was the ‘biggest stock market villain of 2015′ have been counted. BMD has asked me to write it up. On the grounds that impartiality has to be maintained. Also Dan’ in the vote.

Commiserations to the self anointed ‘Sheriff of Aim’, Tom Winnifrith, who voters have given a good kicking too, with over 5 times more votes than his nearest rival for the title, Rob Terry. The number of votes cast were as follows:

It’s yet more bad news for holders of MX Oil (MXO) the BMD information feelers are currently monitoring this company as well as ALL the companies that Cornhill Capital and Andy Frangos are involved with, particularly the disastrous Lenigas Cuba fuckup, which is shortly to hit the High Courts in Manchester, as well as the Financial Ombudsman, more of which will be announced via a full running commentary at each and every stage. I have two solicitors currently working on a return of my capital. It may develop into a full blown ShareHolder Action Group. But at this stage I am personally at war with this lot.

Back to the disaster that is MX Oil. Shareholders themselves are about to receive yet another major kick in the balls via a £2-£2.5 million pound placing that our sources indicate will shortly be announced. The placing is at 0.4p, which means it’s below par value, so will have to go before an EGM for a vote. Is it good news? No. It’s a truly horrendous shocker for the poor saps who were suckered into buying stock at 4.5p in the recent July 2015 placing and yet more proof, if ever proof was needed, that retail investors are nothing but canon fodder for the Pump & Dump gangs and corporates who couldn’t give a hoot about dilution, failure or returning value to the companies that they control.

It’s all about getting in the cash so they can take huge corporate fees while off-loading their stocks and warrants in the ascending share-prices after promoting to the names on their Suckers List. The moment they achieve this then the clandestine promotes run via mobile phone calls, emails, lunches and whispers into the ears of the gullible, cease. That’s how it works.

You can see this on MXO, CEB/Andalas, Glenwick, Sirius Petroleum, IRG, NTC, etc. etc. It’s the usual Pump & Dump suspects being given the ‘inside Info’ to promote onine via twitter, the chat boards, podcasts and investor evenings where the likes of Dave Whitby (CEO CEB/Andalas) Optiva, Cornhill et al pay for the drinks using shareholder’s cash. I liken it to a heroin dealer giving out samples/freebies hooking in the fresh meat until they become addicted. The end result is always the same, the suckers are mined for their cash. Once it’s all gone then the corporate blood-suckers move on to their next set of victims, leaving the last lot bankrupt wretch’s to endure their financial cold-turkey. That’s how these fookers work.

It’s getting real dirty and I can assure those reading this that I am in the trench’s and will fight and expose these bastards all the way to hell.

Viva

Dan

Come on people are we all really going to fall for the latest noise coming out of  MX Oil: LON MXO? I’ll say it again and I’ll say it loud and clear yesterdays MX Oil RNS stinks to high heaven. I do not believe in fairies and I certainly don’t believe in a Nigerian Father Christmas dishing out $18,000,000 for an asset that was bought for a lot less when the oil price was mucho far higher than it is now!

In the 25 January 2015 RNS the bullshitters running the company told us that a credible offer/buyer had come forward. Of course in my limited experience no company just pops up. So this company, whoever it is, must have been in negotiation’s for weeks if not months….. And there’ll be an evidential paper trail as such to prove thus should it all fade away….. What a ‘fortunate’ coincidence it was that they announced it when they did, bearing in mind that the MX Oil sp had gone below its 1p ‘par value’ to 0.60p and they had to seek share-holder approval to issue more confetti at a hastily convened EGM. The whisper was that they’d been running around seeking to place at 0.4/0.5. They were desperate to raise cash. In that RNS they told us all this; “The Directors believe that selling its investment on these terms, if completed, would be more attractive to shareholders than raising equity to fund its investment to first oil at the current share price.”  Then they hit us with a keep the lights on placing! They raised £560,000 from a placing of 44.8 million ordinary shares at a price of 1.25 pence per share. Not including the outstanding bonds. So all in all the sleight of hand has eased off the immediate pressure. 

The pump and dumpers, were out in force chatting the usual guff. Podcasts a plenty! Remember these are the same people who were telling you all how super the 4.5p premium placing was, so much oil, fantastic assets in Mexico, Africa, Frangos great guy, blah bblah blah… Well people just look at the clusterfook you’ve ended up in. Best not to re-visit for more punishment.

However the very fact that an EGM on the 18 February 2016 has now been called should red flag it for investors, who need to run a mile and dump their stock. MX Oil are seeking shareholder consent for a capital reorganisation which would permit the Company to issue new Ordinary Shares at a price below 1p, the current nominal value of each Ordinary Share. In other words there’s going to be an almighty placing sub 1p.

Take no notice of the fantasy and the porky pies coming out of Cornhill HQ. What’s the betting that the ‘Buyer’ after Due Diligence etc. etc. etc. Doesn’t complete? ‘Initially up to US$3.5 million will be advanced to the Company in two stages after the signing of binding legal documentation.  These funds will be used to finance the remaining cash calls expected to be required for the investment in order to bring the underlying asset into production.’  Here’s their get out of jail clause in the 2nd February 2016 RNS.  “If, for whatever reason, the purchaser decides not to exercise its acquisition right then the amount initially advanced will either be repaid converted into a convertible loan in the company holding the investment or become a secured loan to be repaid from the cash flow generated from oil production”

As for the convenient unnamed mystery buyer who appeared in a puff of smoke, I’ll bet you my last penny that they disappear just as quickly as they appeared once the smoke and mirrors and the party tricks are over. i.e. MX have fleeced more cash from the mug retail brigade. It’s chicanery. Stay well clear of this. Do what Frangos has done. Run a fooking mile and put as much distance between your selves and this POS as is humanly possible.

Viva

Dan

There’s a lot of redfaces this morning regarding the oil flowing at Horse Hill. Certain people must be choking on their pizzas. Can’t help laughing at poor Andrew Bell or ‘CalamityBell’ as the City call him. Of course they’ll all be hastily doing what they do best and trying to back-track and deflect away from how they got it so, so wrong on the Gatwick Gusher. Expect a plethora of childish blogs and tweets from the usual suspects.

The companies involved have just announced their first flow test results have significantly beat expectations. Oil has been flowing at ‘instantaneous rates in excess of 700 barrels per day using a 1-inch choke, in an approximate mix of 50:50 oil to water. The well was then choked back to 32/64 inches resulting in a steady early oil rate in excess of 463 barrels of oil per day over a further 7.3-hour period, in an approximate mix of over 99% oil and less than 1% water.’

The Lower Kimmeridge flow test is now continuing from  0700am this morning following an overnight shut-in from 1900 Monday. Upon completion, Phase 2 and Phase 3 operations will move to the shallower Upper Kimmeridge limestone and Portland sandstone zones at approximately 840 and 615 metres below ground level, respectively.

So just how significant is todays news? Well apart from giving wankers like Andrew Critchlow a major kick in the balls, as well as the online trolls and certain individuals who have been conducting a witch hunt on Dave Lenigas, it is very significant.

No 10 Downing St significant. Of course Critchlow was the arrogant ex-guardsman officer and now ex-Telegraph journo who wrote so much subjective, vindictive shite on Horse Hill just because he took a personal dislike to the brash Aussie David Lenigas, he must be feeling an utter fool this morning. It is also ‘significant’ that the oil is flowing unaided from the Lower Kimmeridge limestone within the Weald basin. This is proof that major quantities of moveable oil exist within the Kimmeridge section of the well and can be brought to surface at excellent flow rates via horizontal drilling. It’s only going to get better at Horse Hill. Do not think this result is down to David Lenigas. The real star here is one Mr. Steve Sanderson, Executive Chairman of UKOG. He’s the brains behind the operation. Or as we call him “Stevio”

Keep them on your watch-lists.

Viva

Dan

Make no mistake the very fact that oil is flowing on test has severely dented and bruised the egos of many journalists, certain online bloggers and the usual troll pump & dump Lenigas haters. The #Redfaces are now #VoltFaces.  Great to see them squirming like the worms they are. Apologies too the worms.

It’s been a fantastic few weeks or so for the Horse Hill runners and riders. Whispers/news have reached the Blog that a Major Oil player/s were on site some time last week. As to who that was we do not as yet know. But the moment we find out we will publish their name/s.  Tankers have been seen rolling in and out of the site at various times since their first announcement on 17th Feb 2016. So we know it’s game on.

Remember never base your plays on what you read on twitter or obscure websites. (Including this one). Get out and about. Build your contacts and sources while educating yourself as to how resource plays pan out. Keep your eye on the balance sheet. Simple rule. If you can’t read a balance sheet then take a crash course. The fundamental’s are key. Knowledge is the source of all wealth. Understanding what is going on behind the scenes can be extrapolated by using as many sources and ideas as you can find. As for the official Nomad system. Take a tip from me. Never trust a Nomad. They tell lots of lies. And remember; ‘A bird in the hand is worth two in the bush.’ Cash is king.

Regency Mines (LON: RGM) sold out their 5% amid rancour over just what was lying underneath the weald. The #GatwickGusher epithet coined to deride the play, has come back to haunt them. Interesting to note that they’ve now bought back in. Andrew Bell has at last finally got some thing right for his shareholders. Not a fan of CalamityBell who seems to think everyone is beneath him.  However on this one he spotted an opportunity and regardless of the flack he must have known he would get. He took the plunge. It’s just business and on his part a smart piece of business that has trebled the RGM share price. So credit where credit is due. Caveat here is that the word ‘placing’ somewhere over the next few weeks/month or so will surface, whatever happens RGM will place as will most of the Horse Hill players. Common sense.

The next update is in the proverbial pipeline. As previously announced, once the Lower Kimmeridge testing is completed. Phase 2 and Phase 3 operations will move to the shallower Upper Kimmeridge limestone and Portland sandstone zones. So my guess is that news will come this week. Just how good that news is going to be is for you and me to find out. If the oil currently being tested increases and or we get oil on flow from the upper Kimmerridge and Portland then it’s going to get very interesting. My opinion is that the collective bopd could increase exponentially from where it is or was currently on flow test. Let’s call it a BMD hunch.

All to play for.

Viva

Dan

As ever yours truly has managed to get the info no one else can, on the Horse Hill players. I can exclusively reveal that UK Oil & Gas (LON: UKOG) (As well as others) are lining up a huge placing on the back of their Horse Hill success story. The last piece of the jigsaw fell into my lap this afternoon. Our City sources have confirmed it. It’s a tightly kept secret however we have four different sources all confirming that the Jermyn St bat phones have been buzzing since last week putting out the placing feelers. Not only on UKOG but on most of the HH players.  There’s a big dilutive placing being lined up, we believe it could be as high as £10,000,000. UKOG results released today make interesting reading

The current market conditions will almost certainly mean that it will have to be heavily discounted. This shouldn’t come as any surprise to all those who know how the market at this level works. There’s a big promotion going on to get the UKOG SP up to higher levels so they can reap the benefit and place into it. CEO Stevio Sanderson has been doing the rounds on the ‘Promo Circuit’ these are the usual precursors to placing’s. Regardless of what cash they held circa £4.5M in todays RNS. Make no mistake. They’ll go for a cash and grab while their SP is buoyant.

They’ll be seeking to get as much money in as is humanly possible. Like most of the placing’s that come out of the Jermyn St offices, they’ll move very quickly, the placing will be done within 24/48 hours after they give the greenlight.

At current levels the placing would have to be sub 2p on a 30% discount. What that means is that any one holding at these levels will automatically take a kick in the teeth.

News from the site is being tightly managed but we think the Upper Kimmeridge will not flow at Lower Kimmeridge levels. Educated guess possibly up to 150bopd. We did hear that 80-100 bopd had flowed but could not confirm this. Looks to me like they are trying to get the Upper Kimmeridge up as high as possible to keep the good news story going, hence the delay in news. Once they announce phase2 and phase3 they will seek to place.

Remember once all the hullabaloo/news dies down after the flow testing (like most AIM stocks) the Horse Hill players will slowly start to fall in value until the next phase of operations start to hone interest again. Repeat cycle.

Don’t get caught in the cycle.

Viva

Dan

On his way out. You’re Fired!

More shocking proof of the disgraceful ramptastic bollox coming out of the now fully exposed Ex Lenigas AIM listed Vehicles’ dropped today via RNS.

Have a good read of the ‘LGO Energy PLC Corporate and Operations Update’ released on 24th Feb’ 2016 then compare it to todays woeful RNS LGO Energy PLC Termination of Offer Period and Goudron update

So as predicted by yours truly the shining white knight riding to the rescue with $20 Million dollars to invest in LGO Energy (LON; LGO) that was at the time capitalised at $15 Million dollars has evaporated. Of course some would say that the mere notion of any ‘savvy’ investor wanting to invest $20 Million dollars in a Company capitalised at $15 Million dollars was a credibility stretch of Grand Canyon proportions. What I would say is this. It is wholly indicative of the way David Lenigas and Neil Ritson and the whole Jermyn Street Mafia run their plays. They stretch credibility using ramptastic notions that always seem to fall away at the last gasp. In other words when the push comes to sign the deal it always falls away.

So what now for the haplesss, witless, Ritson and LGO? There’ only one way forward and that is a massive highly dilutive placing.  It’s a SMASH & GRAB £6Million placing. Ritson will be booted out. The whisper is that there’s a book opened up on LGO, which means some one is looking to place and takeover the reigns of power. I wonder who that could be?

Remember  BMD

Always gets the info!

Viva!

Dan

On the 3rd February 2016 I explained why investors should do what the Chief Cornhill Capital Bullshitter & now ex MXO Director Andy Frangos did on MX Oil and run a mile from the POS company; Read Here

The Jan’ 25th 2016 RNS declaring the anonymous ‘white knight’ riding to the rescue with $18Million dollars for their Nigerian asset AJE interest was a monumental coincidence that was so fortuitous even I could smell the bullshit from Manchester.

We eventually learned that the anonymous white knight was a Nigerian Businessman, CEO Joe Obiago of the colourful GEC Petroleum Development Company Limited. Joe’s got to pony up $3.5 Million dollars in 3 days time. 14th March 2016. Obviously Frangos, Olivier et al are so confident of getting their cash that they’re running yet another placing at this very minute today! MX Oil are rumoured to be placing up to £1 Million pounds at 0.5-0.75p depending on who you talk too. Such a fortunate coincidence yet again….. To be holding a placing when you’re getting $3.5 Million dollars on Monday morning chaps? I did email Beachboy Stefan Olivier, he of the ‘write your telephone number on my bicep’ Crass hilarity. (Another story for another day) Sadly Beachboy failed to reply.

The last ‘fortunate’ coincidence ramped their sp over the company share 1p par value. Thus allowing them to get off a survival placing. In the meantime Stefan Olivier (CEO) has had to seek share-holder approval for a ‘share capital reorganisation’ which in effect allows them to issue more confetti whenever they want, the new par value being 0.01p.

What are Olivier, Frangos, Cornhill Capital and MX Oil doing at this very minute? They’re manning the Cornhill Capital telephones trying to raise up to £1,000,000 at 0.75p. It’s yet another desperate attempt to fleece investors. The Cornhill Capital ‘suckers list’ is once again being mined for cash money to line the pockets of the MX Oil bullshitters. Enough is enough! How much cash money has this lot taken from investors since MX Oil came to market in its new guise? Approx. close to $20 Million dollars. Not one single drop of oil has been produced or sold. Snake oil is snake oil whether it comes from Nigeria, Mexico or indeed the Pennines. If you get a call from this mob. Put the phone down immediately and call the Samaritans. You’re on their Suckers List and believe me these corporate jackals will attempt to pick you clean.

So just why are they yet again trying to get away a keep the lights on placing if the white shite oops sorry knight has ridden to their rescue with $18 Million dollars? And the said Joe Obiago of GEC or is it GECD or GPDC See here is all set to give them $3.5 Million dollars on the 14th March 2016? Yes in 3 days time #NigerianJoe has to pony up the cash. Does it foretell that the deal has hit the rocks? A deal that I personally believe was nothing more than a convenient manipulation or to put it bluntly. Bullshit. Will there be a ‘delay’ in the payment?

Roll on Monday

Viva

Dan

Investors will recall that I’m currently at war with several companies that have been perpetually at the ramptastic bolloxs while at the same time running highly dilutive placing’s, thus causing great hardship to their own shareholders, one of them in particular MX Oil (LON:MXO) has fleeced UK Investors of approx. $25,000,000 and no doubt this will rise, making grandiose claims of Mexican and Nigerian black gold (Oil) which is always just around the next placing corner, but never quite coming to fruition. $25M dollars later not one drop of oil has been produced and not one single penny has been made from production. Zippo. We await the news that NigerianJoe of GPDC, a Nigerian company,  has ponied up the first tranche of the AJE asset sale. $3,500,000 which investors will recall was to start to drop on the 14th of March 2015 or “thereabouts”. If the money comes then all well and good but it still doesn’t help the poor investors who were suckered by Olivier and Cornhill into buying stock at ridiculous levels such as the $9,000,000 raised at 4.5p. Let me make it crystal clear Stefan Olivier and MXO have told lies. They are liars. Which will be shown further down this article.

Yesterday I emailed the liar ‘Beachboy’ Stefan Olivier the hapless failed CEO of MXO and former Cornhill Capital broker. Readers can draw their own conclusions as to the state of mind Olivier was in, from the full email and mobile telephone text exchange published in it’s entirety at the end of this article.

Quite frankly Stefan Olivier is not fit to be running a London listed company and should, like Andy Frangos, hand in his resignation immediately. The emails and texts are littered with thinly veiled threats of violence and quite disgusting abuse which would not be out of place in a hardcore porn movie. Oliviers threats of  “I will be going to town on you very soon” and his statement that I “should be worried” and “Your going to regret this”  “Your daughter must be so proud of her daddy the bank robber” coupled with dire threats of FCA and government minister intervention (Lets hope its not a Nigerian minister) are populated with such charming expletives as “CUNT, TWAT, FUCK YOU, FUCK YOU CHAV, FUCKING CONVICTED ARMED ROBBER, YOU PIECE OF SHIT, SCUM, DICKHEAD, SCUM CUNT, FUCKWIT, FUCK OFF DICKHEAD, DICKHEAD” SCUM CUNT” the abuse carries on throughout his 22 email tirade. I’ve not counted the amount of abusive expletives or threats, used but it must run close to 100 sent by the sewer mouth gobshite Olivier. Remember folks this chap is running amok with your cash in Mexico, Nigeria and the City of London. It reminds me of a Junkie years ago that got arrested because he was having a paranoid cocaine fuelled meltdown. Incredible but all 100% genuine. Just like the £2,500,000 placing I wrote about and denied by Oliviers followers on twitter. The meltdown man started his torrent of malicious and quite ridiculous threats at 6.36pm yesterday evening and continued for over 4 hours.

Stefan Olivier lies.

On the 26th February 2016 Olivier stated “Initially up to US$3.5 million will be advanced to the Company in three stages, with the first payment of US$2 million expected on or around 14 March 2016. “These funds will be used to finance the remaining cash calls expected to be required for the investment in order to bring the underlying asset into production” That was a lie. Fast forward to the 14 March 2016 highly dilutive and value destroying $3,250,000 dollar placing. “Given the immediacy of the final funding round for the Company’s Nigerian investment prior to first oil, the Company believed that it was prudent to have its own funds in place to ensure that this timetable could be met and so decided to proceed with the Placing” Slam dunk. They raised money after telling the market that the cash calls required for AJE to get into production would come from the 1st tranche of funds received from GPDC. You are a liar Olivier.

Oliviers Claim that I stole money from Sefton is yet another lie. Not one single penny was taken and the books were all straight and all money accounted for. Just as Oliviers apoplectic delusions  that I was shorting MXO are yet another lie to deflect away from his disastrous and gluttonous fleecing of UK Investors in MXO. s for the fantasy that I’ve been using ‘other accounts’ to short stock, this is yet another lie. People shouldn’t be surprised at the lies, you just have to look at the guff spouted by Cornhill and MXO pre the $25 million dollars worth of placing’s.

The tirade of abuse from the CEO of a London listed company should act as a spur to investors to get the hell out of the MXO car crash. It just isn’t the kind of behaviour of a rational, confident CEO. It is a desperate act to silence the detractors.  No wonder Frangos jumped ship and left the Beachboy to sail into the rocks! You can spot the change in Oliviers attitude when I warn him that all his emails/texts are going live. He changes tact and starts to try to make out that he was referring to ‘legal action’, and writs, which again is piss and wind on his part. I myself do call him a wanker,prick and a gobshite in riposte but who am I? As Stefan says “no one reads the blog”. What this man needs to learn is some thing I learnt a very long time ago. One doesn’t bring into any dispute or gripe the children of who they are arguing with. In the world I used to inhabit the rule is ‘No women No children’ The “I’m going to sue you” blah blah blah threats have now been called. I’m calling Stefan Olivier a filthy, foul mouthed liar unfit to be executive management of a listed company. A corporate crook who is lining his pockets with Investors cash.  A wanker who states “selling MY asset”  in a text. You dumb arse. The assets all belong to the shareholders not you. What a prick and a pointer as to the arrogance and complete disregard for shareholders.  In my opinion and that of those suckered into the whole MX Oil fiasco, it has turned into a Nigerian nightmare on a Mexican wave. In the United Kingdom freedom of speech and of expression is always hotly contested. I heartily look forward to the MXO Oil writ, yet more money spunked away by the jokers and fakirs ruining the lives of small-time investors. Issue your writ Prick. I will metaphorically kick your fat arse all the way down the steps of the Royal courts of Justice. Issue your writ.

Clearly MX Oil and Olivier are Rattled. The truth does that to corporate crooks.

Viva

Dan

Abusive Olivier emails below

Dan                         6.30pm 15 Mar,2016 6.30PM

PPS Hello Andy.

<Stefan@mxoil.com>  Tue, Mar 15, 2016 at 6:36 PM

Fuck you twat. Is it true you went to prison for armed robbery. I will be going to town on you very soon. It’s you that should be worried you skank.

So what. I called you a cunt and a lier. That’s what you are

You are worse that a stupid child that won’t stop being a horrible little shit. 

Sent from my iPhone

The text messages

Flew after I phoned Olivier to remonstrate with his threats of violence he again threatened me and slammed the phone down.

Stefan Olivier text messages in blue

POLL CLOSED

ShareProphets have called foul on their Poll because 43% proxy voted for Canace Wong a.k.a Tom Winnifrith as the real Aim Villain of 2015. So let’s set the record straight. We’re re-running that exact same Poll with 2 new names added to the candidates list, in addition comments will not be moderated or deleted. It’s totally independent and dependent on who YOU think is the Aim Villain of 2015.

Voters, unlike shareProphets, don’t have to be a member. And returning participants are blocked by Browser, Script, Operating System, Meta tags and IP address.

There’s four differences to the BMD Poll. 1/ It’s genuinely all inclusive! 2/ Tom Winnifriths name has been added. 3/ BMD has also been added. 4/ We won’t be screaming blue murder just because we don’t like the outcome! This Poll will close at midnight 6/January/2016.

So without further ‘ado’ YOU DECIDE!

Who was the biggest stock market villain of 2015?

TOM WINNIFRITH!

Keras Resources  (LON: KRS) are to all intents and purposes a rare gem. A mining company listed on the London Alternative Investment Market in so far as they are actually now producing gold. They are debt free and have a mining team that has between the 3 of them over 80yrs of get your ‘hands dirty’ experience. The first small shipment of ore, from the Grants Patch tribute mining play, after processing, will generate approx. 12 Kilos of gold. This, as Reeves confirmed, should substantially increase over the next 12 months, the approximation of gold produced could be between 750-1000 kilos of gold. A tonne of gold would propel their share-price to what Reeves believes would be multiples of where it is today. The next parcel sent to the Paddington Mill is expected to be bigger. *Tribute mining is a deal where you operate the asset on behalf of the owner. This has favourable advantages in terms of no exploration costs, existing leases, while the toll treating requires no development capital, only working capital.

All too often retail punters are lead down the proverbial RNS garden path, by companies that just keep promising jam tomorrow. AIM is littered with so called gold, copper, Iron, coal and rare earth mineral miners that have for years promised much but never delivered one single gram of production. The only thing these ‘Lifestyle’ companies mine is city of London brokerages. Not so Keras Resources. They are delivering and producing gold.

My interview with the head honcho, David Reeves, was a relaxed affair with a man who knows he and his team have quite literally struck gold. What I liked is that he and his team have a lot of skin in the game. *(Pre placing) They held between them 26% of the company (Reeves had 11%) all directors fly economy class and are aware that keeping costs down at the corporate level, as well as the production level, is a statement of intent. Far better to rough it for a few years flying “Back of the bus” and use cost savings to increase company production and value. The Long Range Business plan (LRBP) is to build a 20, 30-40koz producer in Australia and bring on their African manganese and iron ore projects to full production.

Their manganese and iron ore projects in , Africa could, subject to permits, be up and running in a matter of 6-9 months. Funding from gold revenues should ease the financial pain. Manganese is a key ingredient in steel production. Revenues from successful projects could generate literally millions of double digit annual revenues of $18,000,000+ per year. All however is subject to finance being available. They have in my opinion kept these projects on the back burner so that they can focus on generating near term cash flow from their Western Australian gold assets. This strategy is a case of ‘real politick’.  Driving shareholder value by acquiring access to permitted projects with low capex and opex, with the potential for near-term cash flow is key to the strategy. Hence why they’re concentrating on their tribute mining deals.

As ever I did ask the burning question on the next placing and as ever I was given the ‘stock’ answer. However I do have my own unique way of getting information from other sources. I tell it like it is, regardless of who it effects. My loyalty is to my readership and followers. I don’t take what CEO’s say to me as the gospel according to the company,  even if as in the case of Dave Reeves, he is a genuine, decent businessman with the best of intentions. The Placing, and there will be one, is the only negative I can find in a sea of positives.

Placing

My sources, who I contacted post interview, told me that a placing is (was) being put together. Shard/Beaufort are whispered to be seeking £1M. (Now confirmed at £1.25m) I could be wrong (But was right!) but looking at the way the SP has performed post Shard warrant exercise, it is a pointer of jiggery pokery.  I own shares in this company so I take a keen interest in them. The  exercise of warrants by Shard Capital last week was indicative of city brokerages ‘cashing’ in on the recent rises in value. I see this as nothing more than business on their part, but a warning to shareholders that a placing is on the way. (Caveat Emptor) Cash is low. Now we all know that AIM is an incubator for companies who will place at the drop of a hat. (Just look at God awful Red Rock Resources (LON: RRR)) the placing here is to grow the company and not to line the pockets of corporates. It’s a bump on the road.

‘Jam today’ after the placing should be the launch pad for a minimum 3p target this year.

Viva!

Dan

N.B Technical Glitch yesterday on a draft that some how ended up live . Placing now confirmed.