What Mkango Wrong?

‘The Mkango Show’ recently exposed HERE takes another turn for the worse. Today we tell you exactly what Mkango Resources: (London: MKA) don’t seem to be telling UK Investors in any great detail. It’s also what they failed to tell our Canadian cousins/investors over on the TSX-V market, for 6 years.

A separation plant to process the REM/REO’s costs circa… Wait for it… wait for it… $800,000,000. Yes that’s the cost. Which has been confirmed to me by an industry expert. Of course the hoards of pumpers & dumpers currently assisting with the ramp seem not to be cognisant with the costings of even the Companies own PRE-feasibility study updated in November 2015. You’ll note the emphasis on ‘PRE’. The costings are grossly under budgeted. Mkango state that the capex required is $216,000,000 yes that’s correct Two Hundred and Sixteen Million Dollars. A hefty chunk of change by any standard and a sum of money the Company simply does not have and never will.

I’ve spoken to numerous sources over a considerable period of time and what they are saying is this; “The Pre-Feasibility Study assumes an additional cost of US$10.0 per kg REO to account for the cost or implied discount associated with toll separation or the sale of a mixed chemical concentrate. The problem with REs is always the processing. The mixed concentrate has pretty much no value at all these days. And there isn’t a developed market for people to supply concentrate to one of the established separators. China’s about the only place you could possibly find spare capacity. And I really, really, doubt that you’d get away with $10 per kg”.

It’s more likely that you’d get paid out on the major components (say, Nd, Pr, Dy) and nothing on the others.

In general terms what I’m hearing is that “a small scale concentrate producer will never really have a chance. The existence of Lynas means that the outside China market is reasonably supplied”.

The real truth on the supposed two Japanese companies that were involved with the licences in 1980 isn’t what the Company are trying to infer. JICA and MMAJ. JICA is the JAPAN INTERNATIONAL COOPERATION AGENCY JICA is a government agency mandated to implement technical cooperation. It also provides technical support to grant aid and bilateral loans through the conduct of technical feasibility studies for poor countries. It isn’t a mining company. MMJA is the METAL MINING AGENCY OF JAPAN. Again it isn’t a mining company. It’s an agency formed in 1963 to help and fund development overseas in poor countries. And the stone cold fact is that both of these organisations didn’t see any value in the MKA licences. They BOTH walked. So for MKA to infer that these ‘Mining Companies’ were all over Songwe Hill and such is basically a slam dunk lie.

Investors may want to start to ask some pertinent questions. One of which is this. After 6 years and $13, 000,000 of spending (Most of it on Director fees & expenses) why has no company come in on a farm-in or partnership deal? The answer to that question is thus. The REE market is at an all time low and no one can compete with the Chinese. In 2010 China controlled 97% of the REE market. Currently about 90% of China’s rare earth producers are operating at a loss as prices for the elements — used in high-tech sectors — continue to drop due to overcapacity and illegal mining. Investment confidence has been badly hit by the poor performances of the two major producers outside China — Molycorp (NYSE:MCP-A)  who entered chapter 11 Bankruptcy and Lynas Corp (ASX:LYC). Canadian rare earth companies have also shed nearly all of their value in the last few years. Shares of Avalon Rare Metals (TSE:AVL) were down 96% from their 2011 high, while Quest Rare Minerals’ (TSE:QRM) stocks have dropped about the same, since March 2012. But not too worry none of this effects Mkango because it will never ever produce one ounce of any REM other than ‘Fantasmium’ an element so rare it only exists in the droppings of Unicorns….. I do believe that several ‘Unicorns’ were spotted on top of Songwe Hill, Malawi last week grazing on rare earth grasses while depositing their ‘Fantasmium’.

‘Dubious’ Dziubinski

It really is a case of Jackanory from the likes of the chief bullshitter and flipper of stock Adam Dziubinski, sole owner and trader of ‘Dubious’ Jub Capital heavily involved with the AIM IPO of MKA. Dziubinski’s Jub Capital are currently flipping MKA stock, in the exact same way they did with Sula Iron & (no) Gold. Another point worth looking at is who is behind the Mkango twitter feed, yes you’ve guessed it it’s ‘Dubious’ Dziubinski.  Who has a shit-load of stock that’s held in various guises via different Jub Cap subsidiaries, which is why and how they get around the 3% disclosure rules.

Mkango are a lifestyle company. They were a lifestyle company on the Canadian market for 6yrs and they are a lifestyle company on the London AIM.  Cash is fast being gobbled up. Their value is cash on hand approx.’ £500K and fast evaporating, with a shell listing value, (their licences are worthless) lets be generous and say another £500K. That’s circa 1 shiny new pence piece and as the months progress the cash decreases. So their real value goes sub 1p. Do not be suckered by the shite coming out of their twitter feed about enough money to run the company for 18 months. This is total ‘Fantasmium’. Only a halfwit would believe that they will not place for a year and a half. They need more cash and will dilute and place at every opportunity once their Nomad gives them the all clear i.e. Our fees are overdue. lol!

Think of this folks;

Of course there’s never any real progress other than airborne gravity surveys, pre-feasibility studies or new fangled cost cutting ways of making sulphuric acid and by Jove selling the gypsum by-product no less to Malawi, how lucky is that? Wow! Even reading their guff the words ‘Assumes and Assumptions” are littered through-out their spin. It’s all done on paper. Basically what I call a ‘Paper Mine’ or a ‘Paper Company’. They get their share-price up by what is known as ‘Ramping’. Usually paid for articles, presentations and broker/analyst notes. They enlist retail investors on twitter and financial chat sites who are briefed ‘Off the record’ these people then in turn help to promote the company and when the share-price rises the company place stock into the rises and raise more capital to the detriment of their share holder base. Mkango are trying to get their sp to over 6p, so that warrant holders can convert. It’s worth 1p!

The end result is always the same; tens of millions of dollars later, nothing ever happens or progress’s and gullible investors are left with ‘confetti’ i.e. worthless stock. That is what is going on here at Mkango Resources and as sure as night follows day those running and involved at the corporate level such as ‘Dubious’ Dziubinski make the money.

Take heed. Do not get caught holding this POS. And remember the quality of the low life’s pumping and dumping it. As sure as night follows day there will be placings a plenty.

As they say in deepest darkest Africa; (Best African Voice) “What M-Kan-Go wrong? Ho! Ho! Ho!
Viva

Dan

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Tendrara Moroccan Gas Discovery.  As big as Belgium?

 

Sound Energy (LON: SOU) Have had a phenomenal 2016 so far with their share-price smashing through 60p+ from 14p earlier in the year. They’ve come back a tad on profit taking and recent Director sales and Cornerstone Investor warrant conversions. There’s been the usual wailing and gnashing of the teeth among traders and investors who themselves, like me, have taken profit and derisked. Why some think that Directors and Institutional backers shouldn’t do what every man, jack and his wife has been doing (taking profit and derisking) is just one of those odd quirks of the retail investor community. Every one is in it to make money. And making money is exactly what the golden boy of the London AIM, Sound Energy CEO ‘Jimbo’ Parsons has achieved not only for his share holders but for all stakeholders. I believe congratulations are in order not only on the current Tendara success story but on a new addition to the Parsons family.

The sound energy team formed circa 5 yrs ago with a goal to build a Mediterranean oil and gas company. Parsons secured a partnership led strategy with a global oil field services company Schlumberger funding wells and a cornerstone investor securing the register. The company (unlike most on the AIM) are share-holder friendly and transparent in their communications. Some would say that they’ve been deliberately conservative, others think some what innovative in their approach (e.g. webcam) with shareholders which seems to be paying dividends. There’s actual trust in the company from Private Investors, their cash position is very robust.

The first well in Morocco, Tendrara TE-6 (Gas Discovery) has been a storming success and likely the making of the company. It is a commercial find and will get bigger. The whisper is that the Moroccan  gas field could be as big as Belgium! Which would make it a huge connected discovery of Global Scale. That is what is on the cards here. A potential connected gas find the size of Belgium, with multiple TCF {Trillion Cubic Feet} potential. Which is why the share-price is not only defying gravity but the naysayers.  The possibility of a significant gas column within a continuous extended structure. This structure may include and extend beyond the reservoir identified at TE-2, some 30km to the North East. A further well (the Company’s third well – TE-8) will be required at the edge of the potential structure to confirm this and is now being planned for later this year.The Company, together with Schlumberger, is now preparing for the second well at Tendrara (TE-7, located approximately 1.3km from TE-6) using sub-horizontal drilling techniques which are expected to significantly increase the individual well flow rate in a success case.

This is why sentiment is with the company and the market will run with it. Not forgetting that they still have Badile in Italy scheduled for Q4 2016 and the funding of Schlumberger.

The value of Sound Energy shares could be in pounds by the end of 2016. For each TCF of gas the rule of thumb is £1 per share. Sources are indicating that if Morocco turns out to be what the City of London and respected analysts are discussing then it’s a double digit share price in pounds rather than pence. That is to say it could be in excess of £5 to £10+ per share. And here is why. There’s a growing whisper that a global (Shell) oiler operating next door to the Sound Moroccan acreage is taking an interest in them. Indeed “I put it to you” as a well known blogger likes to say, Shell have surrounded the SOU position to the north, west and south in Morocco by picking up the adjacent reconnaissance licence and yes looking for gas.  If Tendara is proved up, even by just two/three TCF then they will be taken over by Shell.  Parsons has got the company positioned for success and almost certainly a target for being bought at some stage. There will be a bidding war, if the Moroccan gas discovery grows in size. My sources are also indicating that ‘Jimbo’ has been approached by a footsie 250 company, Jimbo has turned them down. Why? Share options, which are in the millions,  stand to make him tens of millions of pounds should Morocco come in. Obviously he’s in it to win it.

The second Tendrara well (TE-7) is due to spud later this month. News is imminent on this. While the outpost well Tendrara TE-8 is pencilled in for spud in Q4 2016. Of all the resource companies on the AIM Casino SOU are one of a handful of genuine real deal resource plays, a professional management team with a potential Global Gas Discovery on the cards. They are on the cusp of a journey that could transform them and those who have the nerve should; Hold Your Shares! Big Play this guys!

I’m in!

Viva!

Dan

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It’s another day and it’s yet more dirt on the biggest POS on the London AIM, the pumped & dumped worthless Mkango Resources (LON; MKA). Followers and detractors alike will be aware of the current pump & dump which is ongoing on this company.

Today I expose and name the names of those who have been recruited and some of them paid by Dubious Dziubinski, the serial pump and dumper who runs Jub Capital. A tiny one man band bucket shop which is not only in control of the Mkango twitter feed but was instrumental in bringing the then basically bankrupted MKA to London from the Canadian TSX-V market.

Gob, Dic & Bell. Pump & Dumpers

Come on down Big Gib, or is it Big Gob?, Mike Whitlow, and Belcourtoi, all three have and were approached and recruited by Jub Capital/Mkango to pump & dump stock. That is 100% fact. They’re using various platforms/ruses to ramp. http://www.momentousevents.uk/ A site called Momentum Trading and their twitter accounts to ramp up the MKA share-price. You can see it in real time on twitter, Level2 trading and DMA (Direct Market Access). All share rises are sold into by Jub Capital. Whitlow, aka Doc Holiday, receives payments through Volant Services, another one man band company operating out of a notorious well known paper company address on Finchley Road London. The ex sewage worker described himself as an ‘Investment CONsultant’ which when pointed out to him was illegal and in breach of FCA regulations was quickly changed. Belcourtoi runs Momentum Trading where he promotes MKA, while Big Gob promotes them through Momentous Events. A company that receives remuneration from the bucket shops and worthless AIM ‘lifestyle companies’.  All three cross pollinate online via their twitter feeds, fake BB accounts, podcasts and lessor known blog sites. Helping to pump up micro cap companies. All three are in direct contact with each other and the companies they ramp. ‘Dubious’ Dziubinski leaks information on a regular basis to the rampers. All three have or had stock and have been given warrants. Of course all three will deny it. As is the way of low level conmen.

Research has also discovered that MKA are actively involved in paying online sites, tens of thousands of dollars, for so called ‘independent articles’ on sites like ‘Mining Africa’ which are then spun out to punters as independent media coverage.  The fake articles get pumped out by Mkango, Dziubinski, Jub Capital and their recruited twitter rampers. All the while ‘Dubious Dziubinski’s’ Jub Capital are flipping out stock. This week they flogged up to 1,000,000 while tweeting and ramping on MKA. Every rise is sold into.

The assets of the company are worthless and cash is running thin. After six years and $15,000,000 spunked away while listed on the TSX-V market, Songwe Hill is what it’s always been and always will be. A hill in the jungle surrounded by nothing other than hills. The Jackanory coming from the ‘Ramping Crew’ that MKA will not place for 18 months or the wealth of untold Rare Earth Minerals just waiting for a JV partner whose going to pony up $216,000,000 for a slice of a $4M company is self evident. MKA assets are piss poor and need hundreds of millions of dollars to progress. Money that they simply do not have and never will have. You can read all about them HERE.

The game being played out is to get the MKA SP over 6p so that warrants can be converted for a desperately needed cash infusion.

Stay well away from this utter POS. It’s worthless and as sure as night follows day it will run true to form. Dilute, place, burn cash, rinse repeat…

Viva

Dan

The post Mkango Resources. Recruited Pump & Dumpers Exposed! appeared first on Guerilla Investing.

The financial truth is now out for all to see on the worthless Mkango Resources (LON: MKA). Yesterday the Company released their quarterly report up to 30 June 2016 and as foretold by yours truly their cash position is absolutely dreadful. You’ll note how sneakily the figures were not put directly into yesterdays RNS. One had to go to their site and the awful Canadian Sedar listings to dig out and unravel just where all the cash and liabilities stand. Of course Mkrappo know that most retail investors haven’t got the time or inclination to dig deep into fundamentals and balance sheets. This is why the figures were not put into their RNS.

Once you are able to break through the smoke and mirrors the truth sets you free. In a nutshell the company are basically close to insolvency and would be trading insolvent if all liabilities were due. Accrued liabilities stood at $590,000. Remember this was 10 weeks ago so this figure will rise and has already risen. The cash in hand makes shocking reading.  The $1,500,000 IPO cash raise, announced on June 15 2016 has evaporated to $559,440 as of June 30th 2016. So some 10 weeks down the line i.e TODAY, this figure will have decreased and will continue to decrease. My estimate taking into account their current cashburn is that they have circa $400,000 left in the till.

There’s no money for drilling, there’s no money for a bankable feasibility study, there’s no money for a feasibility study or even an environmental impact assessment. Zippo. They can not and never could progress because to all intents and purposes, putting it as nicely as I can Mkango Resources are a Lifestyle company. The rare earth mineral market is and has been on its arse for years. It’s at an all time low. Who is going to pony up the $216,000,000 needed by MKA? Where is it coming from? They were bankrupt after 6 years on the Canadian TSX-V market and they will run true to form on the London AIM. They’re running on fumes. The financial gymnastics used to hide the dire financial position, such as adding in warrants that may never be exercised, can be read in their Management discussion document. HERE. The accumulated loss since incorporation is penned at a whopping $11,930,242. After 6/7 years there’s not been so much as a gram of REE produced from any of the piss poor Malawian licences. Songwe Hill is exactly what it was a thousand years ago. A hill in the jungle.

Those that can be bothered to read and investigate can see just how shameless the corporate hyenas running this junk company are. They’ve cancelled their own share options of fifty Canadian cents and reissued them at five Canadian cents. The reason given? They were ‘Out of the money’ if that doesn’t take the biscuit maybe the sneakily inserted line in Note 9 FINANCIAL INSTRUMENTS (continued)

which reads thus,

“The Company’s operating cash requirements including amounts projected to complete the Company’s existing capital expenditure program are continuously monitored and adjusted as input variables change. As these variables change, liquidity risks may necessitate the Company to conduct equity issuances or obtain project debt financing”

The above may help to focus and nail the current bullshit being spouted from Mkango, ‘Dubious’ Dziubinski of Jub Capital & his recruited pump & dumpers. You can read about them HERE. The above is a notice that gives them carte blanche to place and dilute stock at any time. The no placings/death spirals for 18 months is nonsense? Pure tripe.

In Note 11. CAPITAL MANAGEMENT

We learn this: “It is ‘anticipated’ that the operations of the Company for at least the next 12 months will be funded by cash raised from a placement on AIM, which closed on June 15, 2016 (Note 8(a).”

So as explained many times to the BB morons. There just is no way that this lot will go 18 months without placing. Total bolloxs. As soon as the nomad and corporate advisers call in their $204,771 dollar debt then you’ll get a placing or some kind of death spiral finance. Remember by their own admission they are actively seeking funding right now.

What’s actually going on behind the scenes? Well I’ll tell you a story. Mkrappo are desperate to get the sp to 6.6p in the hope that the ‘gullible’ will exercise their warrants to give another cash infusion to keep the train wreck going for a few more quarters. Of course this may happen or it may not. Expect lots of ramping and little snippets of inside whispers on good deals in the pipeline. All part of the pumping & dumping to fleece the gullible. But one thing is for certain. The one man band bucket shop Jub Capital will have flipped ALL his stock. Rinse repeat, rinse repeat…..

Massively over valued now with debts outstripping cash. Value? On a good day 0.50p. Half a penny in old money.

It’s a pile of shit and don’t forget guys/girls that money is also being fleeced out of your pockets and going to Leo Mining & Exploration Ltd as well as  Digby Wells Environmental. Both companies are cross pollinated with Directors from? Yep Mkango Resources. It’s a fleecing of cash from the gullible to the not so gullibile.

Viva!

Dan

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It’s hotting up over in North Africa and I mean literally ‘hotting up’. Sound Energy (LON:SOU) behind the scenes are cock ‘o’ hoop and believe that their Moroccan gas play could deliver near term up to 4 trillion cubic feet of gas (TCF) with a major rerate of their share-price on the horizon. Long term this could end up multipules of 4 TCF. That is to say 10 Trillion Cubic feet+ (plus) which equates to a share price in excess of £10 per share on a net present value (NPV).

News has reached the ‘Danosphere’ that their Nomad has asked the Company to keep a firm grip on news flow and remain as tight lipped as possible. Interest in Sound Energy has been coming in from large financial institutions as well as 2 major oil companies. So much so that the Moroccan Ministry of Resources has placed a gendarme outpost on the direct access, and only road, that leads to the Tendrara drill site/s. That means that the Government of Morocco are all too aware of the Tendrara potential and are moving quietly to protect the National Interest with major oil company’s sniffing around.

Investors should also be aware that sources, and they are proven, believe that the company will be through the salt cap and into the Tagi gas reservoir within the next 7 days. It isn’t a question of rolling the dice for gas at this stage as it is 99% certain that another Gas Discovery will be announced. That discovery will be disclosed to be flowing at significantly higher rates than TE6, on or after clean up. Then it’s on to TE8. Currently there are over 100 employees on site in Morocco. It’s getting busy, very busy.

I’d expect news some where over the next 7-10 days via an ‘RNS drop’ announcing that hydrocarbons i.e. Gas has once again been ‘Discovered’ and that the Tagi gas reservoir has been breached.

In the words of their CEO ‘Jimbo’ Parsons “Tendrara really could be a super giant gas field” .

Hold your stock and await news.

Viva

Dan

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Todays RNS seems to have caused quite a kerfuffle amongst the die hard Nostra Terrible Oil & Gas (LON; NTOG) Pump & Dumpers.

On the face of it getting out of a $1,300,000 liability for $100K looks like good business. Sadly this is yet another smoke and mirrors exercise from the disgraced CEO Lofgran. The CEO who loaned 150,000,000 of his own shares to YAGlobal to assist them in shorting/destroying his own shareholders & company value. You can read all about Lofgran’s despicable betrayal HERE.

Reading todays RNS it slowly becomes apparent that all of TransGlobes liabilities pre NTOG taking their 25% stake in East Ghazalat have now been transferred to NTOG & their partner Independent Resources (LON: IRG). Those liabilities are a ticking financial time bomb. Here’s why. For a company big or small to waive a hard cash $2,300,000 payment in exchange for off loading their liabilities on an asset, they sold, must mean that there are liabilities. If there were NO liabilities then they wouldn’t have agreed to the deal.

The question now is just how big are those liabilities?  We know at the very least they are $2,300,000. The release of  “TransGlobe from any potential warranty and indemnity claims, which it may have had under the original sale and purchase agreement, and indemnifies TransGlobe in respect of any claims, which may arise from TransGlobe’s prior ownership of East Ghazalat.In return TransGlobe has agreed to forgo the outstanding $2.3 million balance on the Loan Note and any claims for accrued interest since completion of the acquisition in October 2015.”

Looking at it from TransGlobes perspective they are now totally out of the frame on liabilities that could come in at tens of millions of dollars! And liabilities there must be because common sense dictates that TransGlobe would not give up $2,300,000 in cash if there were none. A smart piece of business on their part and yet another act of desperation by the cash strapped Nostra Terra  & it’s cash strapped partner IRG.

So here’s a few questions for Matt Lofgran.  How big are the liabilities you’ve just indemnified Transglobe from? The liabilities start from $2,300,000 and as with all unknown liabilities in the oil and gas sector it most certainly is much higher than $2.3M! It could be in the tens of millions of dollars which is why TransGlobe agreed to todays deal . Let’s take a guess. Will you be booking in those liabilities on the next set of accounts? Answer NO. Another question; Egypt has a controlled currency. Why have you not informed the market that any cash coming from Egypt is paid in Egyptian pounds and cannot be converted into dollars unless the applicable State/Ministry authorise such?

Mired in debt, no production money, rotten business practices and a CEO who helps to short his own company. Stay well away from this POS.

A ticking time bomb.

Viva

Dan

The post Nostra Terrible Oil & Gas RNS Translation Service. appeared first on Guerilla Investing.

Hot off the press.  As you all know I’ve been ‘hot on the trail’ of one of the biggest POS shyster companies listed on the London AIM; Mkango Resources (LON: MKA).  You can read all about some of the antics and the people pump & dumping this rotten failure of a company HERE.

News reached the blog quite some time ago that Mkango and the liar that runs ‘Dubious’ Jub Capital were desperately trying to raise finance as their current cash position exceeded their liabilities. That cash position has now gone way below £300K. It has gotten to a critical point in time. The business flights back and forth between Malawai, Canada and the United Kingdom plus their PLC listing and corporate running costs will have taken a major chunk of change out of existing cash in hand.

The 3rd quarter 2016 results are now due with liabilities substantially increased from the June 2nd quarter 2016 to circa $600,000/$700,000. Liabilities are now running way ahead of their dwindling cash position. So much so that the one man band Jub Capital run by the bullshitter and corporate skally Adam ‘Dubious’ Dziubinski has been touting Mkango to all and sundry around the City of London desperate to raise cash. Dziubinski has been approaching mining companies trying to get them to pump money into Mkango via a Joint Venture ( JV). One such approach was with Sula Iron & Gold (LON: SULA) Both Mkango and Dziubinski tried to sucker Sula into a tie up with Mkango. Needless to say eventually the approach was fully rebuffed by Sula who walked away. That is to say Sula Iron & Gold after due diligence WALKED…..  They walked because the REO market is at an all time low and the funding required, a minimum of $216,000,000, would not see any kind of return over 18 years. In fact you’d make more cash in a deposit account over that period than the bullshit Net Present Value (NPV) given to the gullible in the various shyster presentations. Remember this is a company that was all but bust on the TSX-Venture market in Canada and had spunked away circa $15,000,000. Losing retail investors their shirts, socks & underpants!

The Company have told UK retail investors that they will not be raising any cash for 18 months. That is a slam dunk lie. They can dress it up as much as they wont. But £200K/£300k isn’t going to last and what’s more they know it. These people are actively right now seeking finance.

The last RNS on the 30th September 2016 was a holding RNS disclosing that Mark Lancaster who is ‘known’ to ‘Dubious’ Dziubinski had sold below his 3% declared stake. I’ve tried to contact Mr Lancaster on the contact phone number on his RNS. That telephone number belongs to TD Direct Investing. I’ve spoken to them and they’ve told me that they have contacted Mr. Lancaster and requested it’s amendment. Stinks doesn’t it? Now I’m reliably informed that Mr. Lancaster had contact with Mkango & Jub Capital prior to his selling out. The questions are myriad. Exactly what information was Mr. Lancaster privy too that made him decide to sell? More importantly why was there no RNS regarding the proposed tie up with SULA and even more importantly why did Sula Iron & Gold walk?

Over to you boys.

Viva!

Dan

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Shite.

The Mkango Files. Just how did the rotten all but bankrupt Mkango resources (LON; MKA) ever get listed on the Alternative Investment Market? Remember as of their Q2 update to June 30th 2016 they had approx. $400k in cash & $500k+ in liabilities, with their Q3 update now overdue these figures will have got much worse… They came to AIM on IPO telling investors that they had enough cash to run for 18months.  Circa $1,500,000. Some 3 months later their IPO cash has all but vanished….

It was back in mid 2015 when I first became suspicious of Jub Capital & Mkango. ChrisOil, who I was working with at the time after helping to extricate out of his disastrous New World Oil & Gas fiasco, brought it to my attention. Chris had made over £390,000 after exiting New World & Sefton. Apparently he had been suckered into taking stock in the company through its TSX-Venture listing in Canada by a now well known shyster named Adam Dzuibinski, who runs the one man band Jub Capital.  ‘Dubious’ Dziubinski had told  ‘Wiffy’ (ChrisOil) that MKA were after a listing on London’s Alternative Investment Market. ‘Wiffy’  asked me to run the BMD slide rule over them. I quickly became suspicious and after a few weeks or so of DD told him they were a POS.

I’d found out that Canadian investor appetite had run dry. While listed  on the TSX-Venture market Mkango had spunked away approx. $12,000,000, teetering from placing to placing, one step ahead of insolvency.   This was because the company had failed at every juncture over the five year listing to do what it had announced. Their assets were small and basically unworkable due to cost. Two paper REE licences in land-locked Malawi. The REE market was then, and still is at an all time low, the market for REE was controlled by the Chinese, who do not import. They are in the main a Global exporter. The real Capital Expenditure, as opposed to the absolute shite investors were being spoon fed, was far and I mean ‘FAR’ in excess of the $216,000,000 they were telling the market, which is why no credible mining outfit would take on Malawian land locked assets where the infrastructure was virtually non-existent, (The nearest railway is approx. 100km away) which were deemed as subeconomic. One Uranium company that did so, Paladin Energy, were forced to close because of a myriad of issues regarding tax, environmental pollution and the cost of transportation. (The cost of diesel). (HERE)   Another major red flag was that Mkango had failed to commission a Preliminary Economic Assessment known as a PEA,  not to mention their Canadian balance sheet was a travesty. Those running Mkango had failed at every twist and every turn. There’s a reason for that. The assets are subecononomic, hence maybe why there was no PEA.

Mkango were desperate for cash and had been so desperate that some one called ‘David’, I presume from the company, began to advertise on an obscure website for $200,000,000! A website by the way that runs a legal disclaimer about being approached by scammers and conmen at the bottom of their page lol!!! SEE HERE These are not ‘best company practices’ to say the least, they are the actions of corporate failures who will do and say anything to get the cash in, to fund their life-styles. Enter Mr Chris Williams  aka Britain’s self proclaimed ‘Warren Buffet’ & ‘style icon’.

Organised MKA Ramping.

Unfortunately the stupidity that runs through ChrisOil has several streaks that blinds him to the truth. One is that he is a compulsive Liar, the other is Greed. In his greed to get what he believed and was being told by Dubious Jub capital. Williams believed he was in for “A ten bagger Dan” and urged me to take part in the seed placing and the IPO. Apart from the fact that he knew and admitted in emails that Mkango Resources “Were Crap” and that “Adam can get it to 10p”. “Even Turdey (Turney) is going to back them”   I had many telephone conversations with him were he basically told me that Dziubinski had gotten all the bloggers and people who pumped and dumped shares onside to really push the MKA share-price. I myself had several conversations some months ago with a panicking ‘Dubious’ Dziubinski who telephoned me out of the blue when he knew I was about to write the truth on Sula and Mkango, he specifically told me that he and the MKA board were talking to Tom Winnifrith to get him to back the company. In other words they were going to try to pay shareProphets off. I immediately contacted TW and put it to him that he was being bought off.  Winnifrith can confirm this. To his credit he went ballistic and has steadfastly held true to the basic principles and morals sadly lacking in all the rest who constantly pump & dump. By now we all know who they are. ‘Dubious’ tried to convince me to keep stum otherwise the MKA nomad would be upset. He was politely sent packing with a BMD flea in his ear.

Dziubinski, Mkango and Williams all met up in South Africa at the Indaba mining conference earlier this year. Williams came back infused and even more deluded and convinced that he was going to “Make a million” It was basically, to me, a conspiracy to ramp MKA way beyond it’s true value.  Of course I being the ‘Devil’ in the detail refused to become involved in any way, shape or form (Just as I refused to take freefloat shares from a fat Aussie ramper while certain people did. You all know who you are. Another story for another time. Maybe?)

On the FCA register Jub Capital are registered as “A firm that offers or sells insurance products and services” Now that fact which can be evidenced HERE runs contrary to exactly what the one man band outfit purports to be to the market and what Dziubinski tells people on his LinkedIn account. Jub Capital are not a brokerage. They are a paper company run from the offices of Stone Drum Partners.  They are a front for Stone Drum Partners who run Resources Early Stage Opportunity Company Ltd, who own stock in? Mkango Resources and who trade, buy and sell the stock on a daily basis. Who administers this fund? Come on down Adam ‘Dubious’ Dziubinski. And who has stock in the fund? Take a bow the deceitful Mr Christopher Williams. It was never declared in the Mkango IPO documents that ‘Dubious’ was in control of this fund.

Now here’s a fact that has also been disguised. Adamas Intelligence. This is the company that purports to be some thing of a world leader in mining and minerals and gives the impression of being a large corporate. In fact Adamas Intelligence is yet another one man band company run from a house in Sudbury, Ontario Canada. Adamas provided a grand piece of ‘intelligence’ for Mkango to assist with their IPO! HERE

It’s a shitty game is AIM!

Viva!

Dan

The post Mkango Resources Exposed. The Plot. appeared first on Guerilla Investing.

FinnAust Mining (LON: FAM) is a dual AIM and Frankfurt Stock Exchange listed resources exploration company which currently has a number of prospective licences in Greenland, Austria and Finland. The company came to the London market in December 2013 following the £7.7 million reverse takeover of Centurion Resources. This brought with it a major shareholder in the form of ASX-listed nickel producer Western Areas, who we will discuss in more detail later, and which put up £1.8 million into the £3.4 million IPO placing at a price of 5p per share.

Having an initial focus on a range of early stage copper assets, shares in FinnAust fell steadily over the two years following its IPO as a result of a 35% fall in the price of the metal. However, a move into titanium in December 2015, driven by new Managing Director Rod McIllree, caught the market’s attention and breathed a new lease of life into the shares, which are amongst the best performing on the whole of AIM in the year to date.

FinnAust’s current assets are as follows:

Finland – owns 100% of a portfolio of copper, zinc and nickel projects; the Hammaslahti CopperGold-Zinc Project, the Outokumpu Copper Project and the Kelkka Nickel Project. In January this year additional licences were granted over the project areas, increasing the land area by c.50%. While these are not the current area of focus FinnAust still sees value in the assets.

Austria – an 80% interest in the previously producing Mitterberg Copper Project in Salzburg. This is largely a legacy asset from the reverse takeover of Centurion Resources and FinnAust is currently looking at realising its value.

Greenland – the current focus of the company’s activities is the Pituffik Titanium Project in Greenland. FinnAust has an interest in the asset via its 60.37% stake in Bluejay Mining Limited, the 100% owner of the project, which was acquired in March this year.

The Greenland assets were added to in September this year when FinnAust agreed to acquire 100% of Avannaa Exploration from Capricorn Oil, a subsidiary of Cairn Energy, for £500,000 in new FinnAust shares. The two most noteworthy projects are the Disko-Nuussuaq nickel-copper-platinum project and the Kangerluarsuk SedEx lead-zinc-silver project. Located in the south-west of the country the assets had over $50 million spent on them prior to being bought by Cairn and are believed to have high-tonnage and high-grade base metal potential. The deal is conditional upon approval from the Greenland government and expected to be completed within the next few weeks.

Pituffik

Touted as a potentially world class asset, the Pituffik Titanium Project is located on the Steensby

Land peninsular in the north-west of Greenland, 83km south of the regional settlement Qaanaaq (pop. 656) and part of the Thule black sand province. Here, the coastline contains areas of high concentrations of the mineral ilmenite (the most commercially important source of titanium), on active and uplifted beach zones, which are the focus of Bluejay Mining. Bluejay holds exploration licences over 150km² of onshore ground and shallow marine environments at the project.

The acquisition price (for 60.37% of Bluejay remember) was a maximum of £905,607, paid for via the issue of 164,655,885 new shares in FinnAust at a price of 0.55p per share. Of these, 40,755,885 shares are deferred (see more below) and there is a four year option to acquire the remaining 39.63% stake (another point discussed in more detail later). The Bluejay vendors include, interestingly, FinnAust’s Managing Director Rod McIllree and Non-Executive Greg Kuenzel (of Noricum Gold fame). Along with the acquisition, a placing of 10 million new shares at a price of 2p each raised just £200,000 with major shareholder Western Areas putting in half of this.

As you can infer from the picture below, Pituffik is not somewhere you would want to go for your summer holidays, being located in the Arctic Circle and experiencing harsh climatic conditions. Despite the cold, Greenland has actually been warming up, with climatic changes causing its ice sheet to retreat and exposing new areas for minerals exploration and exploitation.

While originally being discovered in 1915 Pituffik remains an early stage exploration asset.

It caught FinnAust’s attention due to having high grade material and exploitation potential. Historic fieldwork by Bluejay, the Geological Survey of Greenland & Denmark and others has highlighted the presence of a very large and, according to the company, “unusually pure” titanium deposit at Pituffik. Active beaches in the region have demonstrated grades of up to 68% ilmenite, averaging between 38-40%, with the more expansive uplifted beaches averaging around 17%. Upon acquisition FinnAust’s CEO McIIlree gushed that Pituffik has the potential to “become one of the highest grade in situ deposit of ilmenite anywhere in the world.”

Key Areas.

There are two key areas which have been identified for further work at the project, Moriusaq and Interlak, located along an 80km coastline in environments including raised beaches, active beaches and drowned (underwater) beaches. Moriusaq is the most advanced area and has returned the highest ilmenite grades to date, with grades in some areas estimated to be in excess of 85% ilmenite. Interlak offers the largest volume of heavy mineral sands, with grade upside potential, with grades in some areas estimated to be in excess of 70% ilmenite. The plan is to advance Moriusaq first given that its marine environment could provide an opportunity to employ dredging (a simple and low cost method) to exploit the sands.

Latest developments

Following the initial agreement to buy the stake in Bluejay in December 2015 FinnAust quickly got its plans together for developing the asset, with the strategy being to capitalise on Pituffik’s near term production potential. In February, results from a bathymetry (underwater) and seismic profiling survey completed in 2015, along with a sea floor sampling programme, suggested that the shallow marine environment hosts very large volumes of potentially high grade titanium, with the results multiplying the amount of known titanium mineralisation significantly.

Subsequently, various technical consultants were hired in order to complete fieldwork over the course of 2016, including an initial resource calculation for the Moriusaq target and surrounds. With the nights (and days) getting colder, the work programme was finished in September, with more than 500 drill holes having been completed along with trenching and sampling across the project area. Results confirmed that the two target areas will remain the key focus. An Environmental Impact Assessment has been completed and a Social Impact Assessment is underway.

FinnAust is now in a position where it expects to publish a JORC compliant resource by the end of 2016, ahead of commencing an initial 30,000 tonne proof-of-concept bulk sampling programme in 2017, followed by the application for an exploitation licence in Q1 2017.

So far so good but valuation is materially out of kilter with the progression stage

To give FinnAust management credit the company has, over the past ten months or so, provided a text book example of how to promote s story, and they have done so with a relatively limited freefloat. A plethora of technically worded RNS’s with copious amounts of “pleasing” and “exciteds” peppered throughout these releases in relation to the Pituffik asset has pushed the stock price up nearly 15 fold since the beginning of the year. The shares have risen from 0.55p just prior to the Bluejay acquisition announcement to the current 7.5p, making FinnAust one of the best performing shares on the whole of the London markets in the year to date.

All well and good but we have a number of issues and questions.

Difficulties mining in Greenland

As a jurisdiction, Greenland has its attractions and is regularly ranked as one of the most attractive places for mining investment by various industry surveys, accepted. The government is becoming ever more mining friendly as it looks to take advantage of the island’s rich resources and, in contrast to the locations of many AIM listed junior miners, the country is politically stable. As mentioned above, climate change is causing ice sheets to retreat, creating the opportunity to study new potential resources.

But there are many challenges related to operating a mine in Greenland, mainly due to the harsh climatic conditions and remote location.

At Pituffik itself the average daily temperature in July barely reaches 8°C, with the winter months typically seeing temperatures of around -20°C. This creates a situation where certain activities can only be carried out at certain times of the year and makes for a more expensive operating environment. With pack ice forming in the early autumn the window for making shipments from Pituffik could be as low as five months.

Infrastructure in the country as a whole is limited, with there being no major road networks and most domestic transportation being conducted by air – Pituffik is located c.30km from the international airport and deep-water port of Thule Air Base which is operated by the US Air Force to the south-east and Qaanaaq domestic airport to the north.

Issue over deferred consideration and options shares

As part of the Bluejay Mining acquisition it was agreed that 40,755,885 deferred shares be paid to the vendors upon the grant of a mineral exploration permit over the offshore Pituffik project area. This was subsequently granted in July this year and satisfied one of two terms for the issuance of the deferred shares.

However, the second term requires that the issuance does not trigger a mandatory offer for the company by the Bluejay vendors under Rule 9 of the Takeover Code – ie. if their stake goes over 30% they will have to bid for the whole company. This situation would have occurred had the shares been issued given the Bluejay vendors’ current holding in FinnAust, so the company is waiting until any Rule 9 obligation ceases to exist before the deferred shares are issued. This can only come if the vendors sell some of their holding or, in the more likely case, their combined stake is diluted by further share issues.

There is also a four year option to acquire the remaining 39.63% of Bluejay for £594,393, to be satisfied by the issue of 108,071,388 new FinnAust shares to the Bluejay vendors. Again the situation is similar here in that the option will not be exercised if it were to trigger a mandatory offer or would trigger a reverse takeover under AIM rules. We note the RNS of 4^th October in which Rod McIllree makes the statement “The Company now intends to review the mechanics of moving to 100% ownership of BlueJAy Mining Ltd (and hence Pituffik)…” and believe that this will be the “tell” that in fact unseats the stock price. The easiest avenue is simply to place the stake due to Blue Jay with a third party. As we point out below however, with a market cap approaching £50m without a JORC estimate at this point and no clear path to infrastructure build out, our bear case hinges almost entirely on this point – that is we doubt that a third party will pay anywhere near the current market cap in cold hard cash (the acid test for the industry’s perception of true value) for Blue Jay’s shares that are due from Finnaust and would thus absolve the takeover trigger. Of course they could apply for a “whitewash” if no third party steps up but all this does (assuming it was granted) is push out the date required for a liquidity event for the stockholders whilst not addressing the continuing cash needs of the company.

As we illustrate below in addressing our valuation concerns we suspect that any deal to place FAM shares for Blue Jay (if this route is taken) will be at a material discount to the current stock price if done in cash and still so if part of a strategic investor swap (which is what Western Areas is of course supposed to be…).

Director backgrounds

We note that certain Finniest directors have, shall we say “interesting” histories. Rod McIllree was the founder of ASX listed uranium explorer Greenland Minerals and Energy and its Managing Director up until August 2014. Australian newspaper The Sydney Morning Herald reported on several issues with the company including questions over its ownership structure (see here http://www.smh.com.au/business/unravelling–the–greenland–minerals–web–20091008–gp0w.html) and the rapid dilution of shareholders via the issuance and exercise of options. In addition, it would appear that McIllree and fellow director Simon Cato sold stock into the market immediately after exercising options – see here http://www.smh.com.au/business/a–cold–front–for–greenland

minerals–ceo–20110523–1f0px.html and note in particular:

“In mid-April (2011) those two (Cato and McIllree), and Why brow, each received 4.4 million newly vested options. Earlier this month (May 2011), Cato and McIllree both announced that they had exercised some of their options, 1.55 million and 250,000 respectively, but their filings suggested that they must have sold them immediately because their total shareholdings remained unchanged.”

The share price performance of Greenland Minerals has been “erratic” to be polite– see chart below. But What Greenland Minerals has in common with FAM is that there was a concerted news blitz that increased the stock price materially before the company was laid low in large part due to the debt that was taken on. The problem with a heavily promoted bull story is that at some point the major stakeholders have to get out and if there is not a liquidity event to provide this gravity always kicks in.

We also point out that Greg Kuenzel, Non-Exec at Finniest, has a history of value destruction at AIM listed Noricum Gold where he is Managing Director. Since the company listed in December 2010 the shares have fallen from the IPO price of 4p to the current 0.12p after failing to prove a JORC resource at various projects.

We also add that we have posed a number of questions to Rod McIllree in relation to these points to which he has deigned to reply.

A mine of information from the 2016 results

While there was nothing really new in the company’s 2016 results regarding progress on the ground the P&L and balance sheet provided a wealth of information. It was revealed that cash as at 30^th June stood at just £425,046, although this figure was boosted post period end by a £500,000 (preexpenses) placing. With monthly administrative costs being c.£52,500, and assuming placing fees of c.£25,000 we estimate that the current cash balance amounts to around £0.75 million. With this amounting to just over 1 year’s worth of admin costs there is clearly a placing ahead, we suspect in the first half of next year at the latest.

Non-participation of major shareholder in last 2 placings

Back to the placings… Finnaust has raised a total of £1.5 million since announcing the Bluejay acquisition – £1 million on 4^th March at 2p per share and £0.5 million on 13^th July at 5p per share. Our question is why has Western Areas, trumpeted as a cornerstone investor, not taken part in these placings? And why did it only put £100,000 into the original acquisition placing? While Takeover Code rules prevent Western Areas as a major shareholder (37.14%) from increasing its interest, we believe it could have at least maintained its holding noting that the Bluejay acquisition document states:

Following completion of the Placing and the Bluejay Acquisition, neither Western Areas nor the Bluejay Vendors will be able to increase their interests in the voting rights of the Company through or between a Rule 9 threshold without Panel consent.

Valuation

The main question here boils down to the valuation.

At the current share price of 7.5p the markets are valuing FinnAust equity at a shade over £37m million. But if we calculate the valuation using the fully diluted number of shares in issue (see table below) then we arrive at a figure of £49.6 million

While we do not deny that FinnAust’s assets have potential we firmly believe that a figure of approx £50 million is simply far too high given the company’s current stage of development.

Even a research note written by the company’s own broker, Optiva Securities, back in February admitted that valuing the company was “challenging” largely given the early stage nature of the operations. We quote:

“Given the early stage of the Pituffik project, limited exploration data and the fact that the deposit does not yet support a JORC-compliant mineral resource estimate, it is challenging to estimate a value for the project in its current stage, in our view.”

Here’s why we think the valuation is overheated.

• Pituffik remains a very early stage asset. As yet there is no JORC resource, an exploitation licence to apply for, social impact assessment to complete, inevitable future placings to complete for working capital and the all important project financing to be raised.

• Minimal asset backing on the balance sheet. Net assets amounted to £12.48 million as at 30^th June, with most of these being in the form of £12.63 million worth of intangibles. These include £1.9 million attributed to the Pituffik licence. These values would have been hard tested by the auditors and is the first “tell” that the market cap is out of sync with the current stage of resource progression. Remember this value includes ALL the company’s assets too not just Pituffik.
• Stripping out the book value of the non-Pituffik assets as at 30^th June 2016 (£10.7 million) from the current valuation reveals that the market is effectively valuing Pituffik, an asset that was valued by the Bluejay vendors themselves at just £1.5 million only 10 months ago, at approx £40 million (on a fully diluted basis). We question whether the work done since acquisition has justified this 26-fold increase in value.

• One valuation benchmark we can use is a November 2015 technical report compiled by consultants SRK which determined a valuation range of $0.6 million to $24 million for Pituffik based on a variety of variables. While the report excludes the offshore dredging element of the project we note that even the highest valuation of $24 million represents a value of just £18.4 million – less than half the fully diluted current market price.

• Another valuation benchmark comes from the recently announced £215 million acquisition of mineral sands producer Sierra Rutile by Iluka Resources. The deal was completed on a historic enterprise value/EBITDA multiple of 16.2 times. Assuming a build out cost to FinnAust of say c.$20 million (£15.4 million) gives an enterprise value for the company of approx £65 million. Applying the Sierra Rutile exit multiple thus means that FinnAust needs to be making annual EBITDA of c.£4 million to justify anywhere near the current valuation.

We believe Finnaust has been a text book example in how to release news to the market in relation to a potentially positive mining opportunity whilst simultaneously keeping the free float tight. A classic squeeze if you wish.

But, once sell orders start coming through, which we suspect they may do as private investors look to take profits or, more likely, any strategic investor puts a very different valuation on the company’s assets given their current stage, the tumble downward could be rapid. While the deal in Greenland with Capricorn/Cairn is not yet complete when it is, we suspect there will be another £500,000 worth of shares in the market looking to be sold – we doubt Cairn will be looking to hold on to the stock given they wanted to be out of the assets at such a low price and they are after all much more financially resourced than FAM to develop them if they so wished.

The fact is that, while many have made large paper profits on FinnAust, liquidity remains low and a value event is needed for those gains to be realised. If the company itself needs an exit, if it is overvalued the industry simply will not pay up.

Viva

Dan

The post FinnAust Mining. Reality Comes Knocking! appeared first on Guerilla Investing.

The clock is ticking on New World Oil & Gas (LON: NEW).  Investors and holders of the stock will be all too aware of the travesty that has unfolded since the ill-fated short squeeze that was organised by Metal Tiger (LON: MTR) & the band of ‘merry’ pump & dumpers who lie through their teeth and continue to lie. One sap was telling investors that NEW were “The share of the year”.

Of course those with a brain that can actually function beyond the ramptastic lies spat out on an industrial scale by the BB Loons and twitter trolls know all too well, that the Company has a huge task ahead, if it’s going to come back from suspension. The loss to shareholders has been in the millions.

Good Guy. Adam Reynolds

I caught up with City of London sources last week and again yesterday. What I was told and basically already knew, is that the blame for the company being were it is right now is firmly resting on the deluded heads of the wannabe ‘NEW’ Director, internet troll, Gary Bullivant and the scumbag, drug dealer Ben(t) Turney, who’ve been constantly making accusations all year round, behind the scenes, regarding conspiracies and fraud within the Company. Bombarding the FCA, Aim Regulation, Nomad and anyone and everyone who will listen with emails and telephone calls, while orchestrating others to do the same. The Big Sofa deal crumbled under that weight. The toxic poison of, in the main, unfounded allegations and conspiracy theories, eventually killed the Big Sofa Deal.

Solicitor’s, which are costly, are now having to sort out the mess and once again Adam Reynolds has to mop up the vomit…..

The toxicity of Messrs Bullivant & Turney has brought the Company close to extinction. Bullivant is trying to get on the Board of Directors. His corporate qualifications are non-existent. He is an online troll, a blood sucking tick seriously damaging New Shareholders.  The Big Sofa deal could have propelled the sp towards many multiplies of where it now languishes. Reynolds had worked tirelessly for months to get that deal signed off. It is now dead in the water specifically because of the poisonous Bullivant.

Share-holders should back Adam Reynolds and vote down Bullivant, at the forth-coming AGM 04 November 2016, otherwise they could end up with Reynolds walking away. My sources are telling me that Adam Reynolds was very close to throwing in the towel but was persuaded to stay and finish the restructuring.  If Reynolds walks then it will be the end of New World Oil & Gas. There isn’t a Nomad who will touch them or work with Bullivant. What will happen is this. Turney will then come in and attempt to hijack what little money is left in the company. In the same way as he’s tried and failed with Sefton Resources.

Troll Bullivant.

Remember this is the Bullivant who tried to extort tens of thousands of pounds for ‘investigative services’ from the ill fated CFO of Sefton Resources, Raylene Whitford. A completely deluded man who thinks he’s James Bond but actually looks like a Nonce on protection in jail. I’ve read all of his emails to Whitford, believe me he is a fantasist with no idea whatsoever of the inner workings of the corporate world, his presence on the board will destroy the Company. It is TOXIC. In the requisition for the resolution you can read just how off the pace he his, describing Reynolds as the ‘CEO’. Reynolds is a Non Executive Director.

Adam Reynolds is a good guy, one of the few. His history is one of successful turnarounds. He should be taken very seriously when he states thus:  “The Board does not believe that there is any need for Gary Bullivant to be appointed as a director of the Company nor for the Company to incur additional costs that such an appointment is likely to entail.” 

I expect to hear ONLY AFTER the AGM if the Nomad, Beaumont Cornish  will stay on. My guess is that if Bullivant gets on the Board and Reynolds walks then the Nomad will not continue. If share holders vote Bullivant down then you are all back in the game with a Nomad. That is the choice facing NEW shareholders.

If there are any share-holders left who can be bothered to vote then vote this ‘crank’ down otherwise it could very well be the final curtain.

Viva

Dan

The post New World Oil & Gas. The Choice; Win with Reynolds or Delist with Bullivant. appeared first on Guerilla Investing.

It’s looking ever bleaker at Mkango Resources (LON: MKA) as the liar who runs the one man band paper company Jub Capital, Mkangos chief Pump & Dumper,  Adam ‘Dubious’ Dziubinski, was finally forced out from his rock to post a blog on the Jub Cap website no less lol! Talk about desperation…. Trying to deflect away from the utter disgrace that is Mkango and his market abuse on that stock and others, such as Sula Iron & Gold (LON: SULA). The piece penned is 100% fantasmium and will not in any way shape or form deflect myself from writing the truth on Mkango.

Dziubinski is guilty of market abuse, a leaker of inside information and involved with passing tid bits of info to well known pump & dumpers on social media. If the conman would like to make a legal challenge to my allegations then I urge him to get his solicitors involved. I will be only to happy to metaphorically kick his arse all the way down the Royal Courts of Justice steps.

Bang to rights. Market Abuser Dziubinski

I have cast iron concrete proof of this mans market abuse. Not only has he been passing inside information via telephone, email and other vectors but he has been passing and forwarding other brokers CONFIDENTIAL emails. Emails that contain inside information & market sensitive information, such as placings, potential director changes, finance, company strategies and the like. Any broker, CEO or company dealing with this man should contact me at administrator@brokermandaniel.com for a full run down of this shysters market abuse.

How did I get the evidence? Well one never reveals sources. Suffice it to say it is cast iron and in the bag.

Back to what investors and commentators should be asking the Mkango head honchos.

1/ Why was it not announced in the IPO documents that Early Stage Opportunity Resources Fund (which held 13.8% of MKA) was administered and controlled by Dziubinski?

2/ Who from the Company placed the advert on http://africastopover.com/shop/malawi/songwe-hill-rare-earth-project/ for $200,000,000 of funding?

3/ Was the Nomad, SP Angel, aware that Dziubinski was in control of the Mkango twitter feed?

4/ Will the Nomad now verify exactly what trades, buys & sells of Mkango stock, Early Stage Opportunity Fund and Jub Capital have made?

5/  Was the Nomad aware that a ‘meeting’ between Christopher Williams, Dziubinski and the company in South Africa took place? I use the term ‘meeting’ loosely it was an actual plot to ramp MKA.

6/ In the 2016 Q2 results why are Mkango adding in the value of unexercised warrants into their cash position? This is wholly disingenuous.

7/ How much of the IPO money was used to pay off their Canadian liabilities?

8/ What fees and package did MKA dish out to ‘Dubious’ Dziubinski as part of his involvement with the IPO?

9/ Will the Nomad be attending the Mining Maven, Mkango rampfest on Nov’ 17th 2016?  (I advise SP Angel to be there)

10/ And lastly, Mkango and Jub Capital are briefing and stating behind the scenes to gullible retail investors that they will not raise cash for 18 months. This is a lie. Can the Nomad insist that MKA clarify this wholly inaccurate statement?

Don’t forget folks myself and the fraud buster Tom Winnifrith will be attending the 17th November 2016 rampfest where the company will be grilled on many issues not least of which is where has all the IPO cash gone and exactly what is their current cash position. I have it at below £200,000. With liabilities now over £500,000. Which doesn’t include deferred Director remuneration that is running in the hundreds of thousands of pounds…. Zippo cash….

Viva

Dan

The post Mkango Resources & Market Abuser Adam ‘Dubious’ Dziubinski. Bang To Rights! appeared first on Guerilla Investing.

Walter Mitty. a.k.a Gary Bullivant.

Congratulations to the self confessed Drug Dealer Ben(t) Turney, Gary Bullivant and the idiots who supported them. They are directly responsible for the loss of the New World Oil & Gas (LON: NEW) AIM listing. Which was announced today read HERE. For months they’ve been making wild unfounded allegations of fraud, money laundering and criminality behind the scenes to AIM regulation, The FCA, the Nomad, USA authorities, The Press and to NEW shareholders. The Big Sofa deal collapsed under the weight of these wholly unfounded malicious allegations. Their plan was to try to gain a seat on the Board of NEW and self enrich themselves with share holder cash.

Drug Dealer. Internet Troll Scumbag Turney

It has cost the Company its AIM listing and over $100,000 in solicitors, investigation and administration fees alone to discover that the conspiracy theories alleged by ‘The Toxic Two’ were without any foundation whatsoever. My sympathies go out to all genuine shareholders but in particular to Adam Reynolds, who like Clem Chambers and Mike Hodges have had to deal with and clean up the mess caused by their malicious lies and deceits which Turney/Bullivant and their minions have fed to regulatory authorities non stop for over 12 months.

The corrosive effect of this has taken it’s toll! Ergo no Nomad will touch the Company. Roland Cornish would have stayed on as Nomad sadly the amount of wild allegations and abuse Mr Cornish suffered meant that he was no longer prepared to stay as Nomad. Just as their bombardment of deliberate lies and deceits helped to kill Teathers and Sefton Resources. Their modus operandi is always the same, target struggling minnow companies and use other peoples holdings to try to get themselves on the gravy train. Turney is pot less and couldn’t afford a toffee apple so he deceives desperate shareholders with wittering’s of share holder activism which always end up one way. Total failure and monetary loss for those stupid enough to give him their proxy.

Turney fled the UK in 2010 from creditors and washed up in Sweden. You can read all about his drug dealing HERE. Bullivant is a Walter Mitty type character who was a British army officer involved with the Intelligence corp. Which explains why the man is completely wrapped up in a world of deluded conspiracy theories.

Adam Reynolds is one of the few corporate good guys who work non-stop to bring value for shareholders. His deal flow is amazing. Today he must be ruing the day he ever got involved with ‘The Toxic Two’.

Viva!

Dan

The post “The Toxic Two Kill New” New World Oil & Gas lose AIM listing! appeared first on Guerilla Investing.

I woke up this morning to several emails from P&Ders who seem to think I and Tom Winnifrith ran away during the Mining Maven seminar. This is par for the course with these buffoons who regularly tweet and post blatant lies in an attempt to divert away from the piss poor companies that they are pumping. I stayed to the end and even had a nice ‘robust’ chat with ‘Mr. Jub Cap’.  As I’m sure he will attest too. Mr JubCap denied being involved with the pump and dumpers but then again I also denied robbing banks, when I was collared and fronted by Special Branch. The Mkango Resources (LON: MKA) presentation at the MiningMaven seminar, was a baptism of fire for the Company as the video will show.

No doubt their CEO, William Dawes, with several others, including their Jub Cap advisors, who tried to intervene and deflect away from the searching questions Dawes refused to answer, will be sticking pins into a voodoo effigy of myself this morning. I can actually feel a pain in my back as I write….. The show was well run and I must commend Malcolme Palle who had a quiet word with myself and Tom Winnifrith before kick off where we both agreed not to interrupt any of the presentations on the proviso we got to ask questions at the end. A nice touch of diplomacy from Malcolm.

Two other companies presented Conroy Gold (LON: CGNR) and BMR Group (LON: BMR). I was not there for them so will not make any comment other than they were atypical presentations.

The Mkango  presentation was nothing other than a rehash of the spurious case for REE in land-locked Malawai. The same story that they’ve touted for five years to our Canadian retail investor cousins who find themselves with a 95% loss having been diluted and consolidated into the dirt and collectively $12,000,000 poorer. Dawes refused to answer virtually every question I put to him on the shocking financial state of the company and the claims in their IPO document that they will not place for 18 months. I asked just where was the $216,000,000 capital expenditure coming from. I asked what was the current cash position of MKA as of today. I might as well have spoken to a brick wall. Mkango refused to answer any of these salient questions. On one point Dawes tried to say that my figures on their current liabilities circa $825,000 as of June 30th 2016 was wrong. Until I pointed out that these were HIS figures on page 12 of their consolidated Interims for the 3 and 6 months ended June 30 2016. As of that time the MKA cash position was becoming parlous, to say the least, with $559K of working capital. With their Q3 results still not out and bearing in mind that we are halfway through Q4 I again asked the company what was their cash position as of today. Yet again they refused to answer.  Which is a warning to investors. There’s a placing coming and make no mistake about it. The only reason Mkango are on a promote is to drive up their share-price pre placing. Liabilities by far outstrip dwindling cash in hand as of today, Mkango, if all liabilities were called in would be Bankrupt.

The time constraints on the Q&A session and with TW chomping at the bit to get his two penneth in, meant that many questions I had such as; Why they skipped the Pre Economic Assessment? Where was the cash coming from for the Bankable Feasibility Study? Why were they linking to miningreview articles as genuine independent copy when they were paying for them? Why were they spinning Adamas Intelligence as some kind of world leading organisation when it’s a one man band company operating out of a house in Sudbury Ontario? Their modus operandi of using social media and Pump and Dumpers to ramp the stock and not least why were they trying to say that the infrastructure in one of the poorest countries on the planet was fantastic? When the nearest railway is over 100 kilometres away…. The last company Paladine Energy cratered under the cost of the diesel fuel bill trying to move their uranium cake. Lots of questions and many more to boot will remain unanswered. The truth is that Their licences are sub economic , which is why after 10 years of Dawes running around Malawai not one single institution or major mining outfit has come to the fore.

I did have a chat with several people at the end of the night, including one chap from the MKA board and not least the diminutive JubCap ‘heckler’ girl named Victoria. Who invited me to lunch. Vicky pointed out that JubCap are not a one man band outfit, she being a director. What was most telling was the begrudging acceptance by their advisors that yes in all likelihood Mkango would be raising cash/placing shortly.  And when they do place there’s going to be an awful lot of red-faces. So it’s get your cheque book out again the inveterate liar Chris Williams aka ChrisOil.

Welcome to the AIM Casino Mr Dawes you have just met Daniel Levi.

Viva!

Dan

The post Mkango Resources. Take the 5th Amendment! appeared first on Guerilla Investing.

An international non-governmental organisation (NGO) no less than the globally respected Oxfam has blown wide open the fantasy that is London listed Mkango Resources (LON: MKA). In a study that reveals a systematic overestimation of production volumes and underestimation of project costs that distort the true reflection of the industry’s potential.  You can read it HERE.

The Oxfam report was presented at the Bingu International Conference Centre (BICC) in Lilongwe on November 16th 2016, following a study that was carried out on Songwe Hill’s potential rare earth elements (REE). As most already know I and the respected City of London financial Journalist Mr Tom Winnifrith, challenged the Company at their Mining Maven rampfest on November 17th. William Dawes (CEO) failed to answer any of the questions which were then subsequently edited out of the presentation video. Much to my dismay and that of many who wanted to hear the answers. I’ve always reported my opinions based upon what I believe to be true and evidence gathered. But when a company deliberately edit out questions that exposes it as a financial basket case then serious questions on market manipulation arise. This report is absolutely damning on Songwe Hill which was touted as a highly promising deposit and a ‘game changer’—the report raised ‘serious’ questions about the economic viability of the project in the absence of major REE price increases. Songwe Hill failed to do a Pre Economic Assessment Study. Now you all know why.

Presenting the report, Oxfam consultant Don Hubert said the analysis of the study carried out on Songwe Hill Rare Earth Elements project in Phalombe, also highlights the risks of commodity price fluctuations and their impact on project viability and potential government revenue streams.

After many set backs and broken promises to locals Mkango now tell us the mine will be open in 2018, however the study disputes this saying the mine subject to financing of $216,000,000 would only be ready in 2020.

The Oxfam report observes that comparative analyses of mining feasibility studies reveal a systematic bias towards overestimating production volumes and project revenue and underestimating timelines and project costs.

The report indicates that revenue forecasts on the mine were certainly inflated, saying even if they were to materialise, an additional $30-50 million per year would not fundamentally change the government’s budget situation.

“Market analysts point to relatively low concentrations of REEs in the Songwe deposit, while Mkango claims that they have a comparative advantage in capital and operating costs,” reads part of the report.

Oxfam further observes that on the optimistic assumption that the project [Songwe Hill] does go ahead, production could not start until at least 2020, given the need for a definitive feasibility study, project financing and then around two years for mine development saying: “Depressed prices make delays likely”.

Mkango are basically financially insolvent. The company have still not released their Q3 accounts which will reveal a gaping financial cavern. Liabilities will be over $1,000,000 with cash in hand UNDER $200,000. Investors should note that we are a few weeks away from the end of Q4. Mkango, as admitted by their advisors to me on 17th November, will have to place and raise cash. This is at total odds to the lies trotted out to gullible investors who were told they would not dilute and place for 18months.

Viva!

Dan

The post Mkango Resources. REE Fantasy Exposed by Oxfam. Fantasmium! appeared first on Guerilla Investing.

The noise from the flare is deafening.

It’s been a long time in the planning and it’s cost a few bob, but when a private group of investor friends are looking to take a substantial position (substantial for us) in a company one has to ‘Get Busy’ that is to say you find out exactly if the company you are potentially investing in is an actual ‘Real Deal’ or just ‘Hot Air’. The Alternative Investment Market (AIM) is littered with lifestyle companies whose CEO’s are nothing other than corporate frauds. They use PR spin, bent Brokers, Shysters & glitzy girls wearing flashy sashes wrapped around hour-glass figures at events that are nothing other than organised pump & dump seminars, singing sweet tunes of untold riches which never come to fruition while filling you with free booze. We here don’t do that we get the information not from the companies but from our own research. Guerrilla Investing is totally independent. This article may piss off some within the Company and security will be beefed up. But the cat is now out of the proverbial bag. WATCH THE VIDEO OF MY TRIP BY CLICKING HERE

Most investors are constantly befuddled with incomprehensible guff, perpetually churned out online from self proclaimed (clueless) market ‘gurus’, surreptitiously recruited. The continual blogging, podcasting and tweeting of utter shite, which is at complete odds to the known facts and historical performance, always leads to most losing their ‘deposit’. It’s a transference of wealth from the ‘gullible’ to the not so gullible, i.e. The various corporate hyenas who feed off retail investor flesh. So it is with great delight that I write this piece on a company that is a 100% genuine oil & gas play. You have to go the extra mile or in this case 3600 miles. Manchester to Tendrara and back. Sound Energy (LON: SOU). What we’ve seen and what we’ve discovered.

Production pipe will be connected here.

We here at guerrilla investing do have our moments of madness. The trip wasn’t without its drama and risk. I was detained at Oujda airport for many hours, strip searched, with all my camera and video equipment confiscated because I hadn’t got the correct permissions to bring said equipment into Morocco. Suffice it to say the ‘securitate’ were, in general, not unpleasant and all equipment was returned in tact upon my exit of the country. It did complicate things but being ever inventive we reverted to the ‘Heath Robinson’ school of problem solving.

TE7 Lit up like a Xmas tree by gas flare.

I urge investors and traders, to take a good long look at the video compilation, article photos and digest the solid information reliably sourced from the ‘field’ that two days of sneaking around Sound Energy’s sub Saharan Moroccan gas play has revealed. I’ve no doubt whatsoever that Sound Energy are the ‘Real Deal’ and that Tendrara 8 (TE8) will discover gas. It is nailed on. It is the volume of gas that is unknown.

View from over looking hills.

Seven hours of  Keystone cop driving, passing numerous Gendarmerie check-points with many wrong turns eventually got us to where we had to be. The site is accessed via a 10 kilometre road that has been carved out of the desert. There’s also a water pipeline of circa 9 kilometres connecting all the Tendrara drill sites and the accommodation blocks/camp. I did notice internet relay stations stretching out over vast distances. I also located the Sound Internet relay which has been constructed. One point of interest is that there’s a police outpost on the camp protecting the drill sites. Getting close to the drill sites during the day was nigh impossible so we circled the acreage staying well away. We decided that the best chance of getting the pics/footage would be to come down from the hills in the night time. We crept around all night taking hundreds of shots with video footage. As the night wore own we managed to get ever closer. I’ll release more of the footage/pics some time this week.

Huge sun like flare.

I counted approx. 35 different people working on TE7, (I believe at the height of the drilling there were up to 150 personnel). The flare in the night is spectacular, it lights up the desert for miles around. As you can see from the footage/pics TE7 is still on flow test. What we have discovered is that TE7 is still on a restricted choke, the pressure has not dropped one single jot. This could indicate that TE7 may be bigger than is being reported by Sound. If you look at the drills from the hills over looking the site TE7, TE6, TE5, you’ll see that they are all basically on a line which goes towards another set of hills, over those hills is the location of the TE8 drill. Speaking to locals was most enlightening. The gas was discovered circa late 1960’s and was then thought to be many TCF’s the problem then was that the gas wasn’t deemed economic. Not so now. I lost count of the amount of trucks carrying butane gas bottles. I spotted literally hundreds over my 5 days in Morocco. Every one uses gas…..

Day time shot. Drill site & flare.

TE8 is the game changer and the first in what I call the potential ‘Company Makers’. It’s on trend and on the same geology as the commercial discoveries thus far. That is to say it’s on the same gas seam which is believed to be substantially bigger, extending far beyond into the desert. Locals say that it’s been known for decades that Tendrara and the acreage surrounding has contained vast volumes of gas/hydrocarbons. So it doesn’t take a great leap of faith to realise that TE8 will hit gas and that strike could be up to 3 Trillion Cubic Feet (TCF). This is why there’s currently a Schlumberger team on the ground at Tendrara. Presumably finishing up flow testing and making preparations for the the TE8 drill. How do I know that? They drove past us several times over two days in their Schlumberger 4×4 which parked up on the Sound Energy accommodation blocks. The tie up with a world class oil field services company and the discovery of a Gendarmerie outpost on the camp is an indication of how important the Moroccans see Tendrara and this is exactly the same situation on the surrounding Shell acreage. It is the ‘Real Deal’. Gas will be struck on TE8. Local labourers are also being recruited/re-employed for the TE8 drill early 2017.

We did meet a Moroccan chap who had worked on the acreage for over 11yrs as a guard. His knowledge of the history of the acreage can’t really be under-estimated. He is 100% certain that TE8 will strike gas.

I’ve been around a few oil sites in my time over the years, the Tendrara drills are as real an investing opportunity as one can get. It’s not a nickel and dime operation it’s a full blown hydrocarbon play. A real opportunity with multi-bag potential. The team involved have the experience and the finance to transform SOU into a footsie 250 company. They are not a ‘one trick pony’ or a ‘roll of the dice’. Sidi Moktar, Badille etc. All are potential transformational assets. The lead up to the TE8 spud will move the shareprice and it’s my belief that the Company are being conservative with their news due to pressure from the AIM Regulators. Sound should move to a standard listing and ditch the Nomad. That’s if they don’t get taken over first. This will rise as the next drill approaches. Of course there’ll be lumps and bumps along the way but I can see £2/£3 easily on a successful TE8 drill which will derisk TE9, TE10 etc.

Investors and traders alike should ditch their ‘lifestyle company’ plays and get in on the Sound Energy action. It’s not a roll of the dice. The dice has been rolled, it’s the number it lands on that we await. It’s going to go mental in 2017!

Viva

Dan

The post World Exclusive! Sound Energy From Tendrara With Love…. appeared first on Guerilla Investing.

Ascent Resources (LON: AST) as most genuine objective investors/traders know we here do not constantly pump out utter shite on an hourly basis. We watch, listen, research and get to know what is going on vis-à-vis the company’s we blog on or target. It can take weeks or months to form an opinion that’s because most genuine information isn’t in the retail domain, it’s hidden from view in the Corporate World. Not for the eyes of Retail Investors.

(Hence why when we recently exposed Mkango Resources as a busted financial flush with a history of telling whoppers to our Canadian retail investor cousins, about their piss poor paper licences and their true dire financial postion, we were proved 100% correct. MKA and their shyster advisors ‘Dubious’ Dzubinski  told so many lies it was only a matter of time before financial gravity struck.  They placed after 6 months NOT 18 months which is what every man, jack and idiot were spoon fed and greedily swallowed said turd. The red faces are there for all to see and most objective investors know BMD was spot on. Mkango, Dawes, JubCapital and the hoards of P&ders  have been strung up for all to see as PROVEN LIARS. Which is why you should stay well away from company’s that lie to their shareholders. In another 12 weeks they’ll be after yet more cash).

Not so Ascent Resources. I was negative on them for quite a long time particularly because of the legal shenanigans and the known market abuser, Christopher Potts, who had a position. Potts made a fortune from news of a proposed Cadogan takeover, one that never came to fruition.

Not so know. Lot of rumours swirling around from my sources that their Slovenian gas asset/s could contain substantially more gas than first thought. The commercial supply of the gas to Croatia in early 2017 and rumours of yet several potential game changers coming to the fore in Q1 2017 finally convinced me that Ascent are  a turnaround play. I can’t report those rumours until they are firmed up’.  However I can confirm that my research/sources are more reliable than most. 99% that there’s truth to them.

The present board are starting to get it right and are making all the right noises with the right moves. CEO Colin Hutchison has been in negotiations several times in 2016 on value accretive deals. That is 100% correct. Don’t be surprised if there’s some form of ‘input’ upon AST by Henderson Global. There’s major news in the proverbial pipeline for 2017.

Eyes on. Hold for the news.

Viva!

Dan

The post The Ascent Of Ascent. 2017 Will be Their Year. appeared first on Guerilla Investing.

About time I started releasing some of the footage and photo’s taken from my Sound Energy (LON: SOU) trip. I’ve got literally hours of footage. This is the gas flare at TE7. AS CLOSE AS I COULD GET. The heat, not to mention the noise, was tremendous. I could only take the footage in 20 second bursts before my eyes started to see ‘glare’ bit like looking into a fire when one looks a way you see blotches or in this case blotches as big as a house…

You can feel the vibration in the ground from this flare. Raw energy coming up from beneath. Great spectacle at night.

The next big news here is the Tendrara 8 or TE8 drill. Remember no doubt that they’ll find gas at TE8 question is how big will it be. As I see it their share-price is basically under-pinned at the moment on expectation of TE8, Sidi Moktar and Badille. Any news on drilling of the above 3 assets should further inflate their sp. Now there’s a good chance that this sp could go on a charge in the run up to the TE8 drill. It’ll be the usual set of criteria that moves their sp i.e. TE8 Pad preparations, rig mobilisation, spud etc.

Get watching the video and subscribe to my YouTube account!

Viva!

Dan

The post Sound Energy Moroccan Gas Flare By Night! Exclusive Footage! appeared first on Guerilla Investing.

It’s a long convoluted process trying to get credible information on target companies such as Ascent Resources (LON: AST). The process involves a myriad of avenues one has to go down, some lead you into a ‘cul-de-sac’ while others leave you tantalisingly close but just not quite there to firm up the whispers. Then you’ve always got to cross-reference and double, ‘double’ check that you’re not being spoon-fed company ramps. Which is why you don’t get industrial scale blogs from ‘yours truly’. Anyone releasing industrial scale diatribes on a daily basis should be treated cautiously. More often than not there’s some form of clandestine ‘Brown Envelope’ involved between the parties.

News on Ascent has been filtering through to me via various contacts/sources for the last 3 months or so. News that if it comes to fruition would be transformational for the Company.

Most investors/traders are eagerly awaiting their Slovenia gas asset coming onto production, agreements necessary to allow commercial gas production to commence as early as January 2017 are now in place. Once production starts then this is seen by most as a driver of their sp, but what most do not know is that Ascent were or are being lined up as a target by a well known group of proven oil & gas Big Hitters with massive institutional and retail backing for what in effect could be transformational for the Company and its share-price. That is why I am invested in Ascent.

There are various names associated with this play, I’ve spoken to many sources some who I know are involved all are very edgy as to how I came to get knowledge of such a deal that was/is supposed to be kept ‘Tight’. Out of deference to those thought to be rumoured to be associated and involved in what I call the ‘Putsch’  I will not at this stage name them as I believe that the deal, if my sources are correct, hangs in the balance and has a 50/50 chance of realisation. The sticking point could be the amount of convertible loan notes that are currently outstanding.

What’s interesting is that sources are telling me that the Slovenia assets were looked at prior to Ascent getting them, by the CEO of a now highly successful mid cap oil & gas producer who at the time 2008/9 wasn’t in a position to acquire them. They believe now that there could be multiple TCF potential deeper down within the Petisovci reservoirs, which is why the failed Cadogan Petroleum (LON: CAD) takeover approach came to be, that approach eventually blew up due to the AST SP rocketing to over 7p.

There’s lots of speculation on the sp potential out there. One broker (who must be a part time glue sniffer) has a 33p target for this year. Cutting through such utter nonsense I’d look at 5/6p being achievable on gas production and 10p if the ‘Putsch’ is successful. Remember as ever it’s your money and your responsibility. Derisk on the way up. Because it is going up in 2017.

Viva

Dan

The post Ascent Resources. Potential 2017 mega rise! Watchlist Now! appeared first on Guerilla Investing.

Investors of London listed SDX Energy (LON: SDX) Maybe in for a major kick in the ‘goolies’.  Whispers are reaching BMD that there’s a major book build either underway or about to start. I’ve been tracking them ever since I noticed the upward movement in the sp. This is typical of Cantor Fitzgerald, who lets face it aren’t exactly retail investor friendly. They’re notorious for shafting small share-holders with poor oversight. As in the African Potash debacle.

So it’s with great pleasure that I place into the Public Domain ‘Careless Whispers’ of a whooping £20,000,000 Cantor lead book build on SDX Energy (LON: SDX). It’s certainly going to carry a large discount, possibly of 25%. Now why you may ask do they need cash? Well their Q3 results 2016 were shocking with a $26,000,000 loss. They’re obviously trying to fill that gap and no doubt they’ll say it’s for asset buying deals, such as Circle Oils portfolio. Remember them? They’re currently suspended and holders of COP stock will be wiped out. There’s no value whatsoever coming back. But ‘Hey Ho’ those assets that busted Circle Oil are just what the Doctor ordered and can be used to miss-direct as to why share holders are about to get diluted, yet again into the proverbial dirt.

The Bucket shops and shyster flippers will be greedily clamouring for a piece of the highly dilutive action. Which will be or is being pitched to them as I type. Of course I may be wrong and it could be all part of a CIA lead plot to discredit this site.   Tick! Tock!

Viva!

Daniel

The post SDX Energy (LON: SDX) £20,000,000 Placing? appeared first on Guerilla Investing.

Today’s the launch of

Jekyll & Hyde.

Two New Tips Today!

Yes it’s a paid Newsletter or as COMMONLY KNOWN A Tip Sheet…. What makes it different? This is what ADVFN say; “In this newsletter two well-known market players go head to head in what will be one hell of an investment/trading battle throughout 2017 as they write you their tips in a bi-monthly edition each using his own financial strategy to make money.  Get both sides of the action at once with investment ideas from ADVFN’s own Clem Chambers as Dr Jekyll and investment Wildman Brokerman Dan (Daniel Levi) as Mr Hyde” You can sign up HERE

Well I actually say this. What makes Jekyll & Hyde truly unique and different is the dynamics, the dichotomy of the two individuals. Dr Jekyll (Clem) is the archetypical establishment man. He’s the chairman of the Conservative Carlton Cricket Club  a wealthy individual from a some what privileged background, the CEO of the worlds biggest financial website, ADVFN, a dyed in the wool business dragon and acclaimed author who in his spare time collects Castles. He lives in one and owns three. A famous globally known Treasure Hunter. A connoisseur of fine art and an artist to boot…  Jekyll is a member of the famous ‘around the world in eighty days’  Reform Club, while I was a member of a ‘Reform School’! He’s a value investor investing in accretive dividend paying under-valued main market stocks. 

Jekyll and Hyde are two human beings thrown together by Karma, from completely different ends of society. About as far apart on the social spectrum as it is possible to get. Mr Hyde (Me) collects cigarette cards, Chinese snuff bottles & worthless tat! Brought up on the mean streets of the Manchester slums, most notably the notorious, riot torn Moss Side. The prodigy of social depravation and criminality. Jekyll in his business life has risen to the top, while I, forever to my shame, rose to the top of my ‘Profession’ which is well documented. Yes I was involved in crime and was on the radar of every police force in the United Kingdom, including Special Branch and Interpol. Such were the bad choices I made three decades ago.  I learned, I educated myself, I am ‘reformed’ I am not a criminal. ‘Honestly Guv’. I paid in spades for my mistakes and paid a high price, nearly two decades behind bars. I deserved every day of it. My debt to society is paid in full. If you don’t like it then do not sign up for J&H.

There are many ‘Tip Sheets’ out there masquerading as shareholder friendly, most receive some form of remuneration from the companies they tip. They are ‘Tip Shits’.

Jekyll & Hyde isn’t there to make or take money from companies. It’s there to give informed opinion and reason as well as a walk on the wild side for share-holders and investors/traders alike. To buy or not to buy, to risk or not risk, to go for dividends or astronomical SP rises. There’s no format out there like it. It’s a head to head. Establishment V Anti-Establishment.

Viva

Hyde.

The post ADVFN’s Jekyll & Hyde Launched Today! Sign Up! appeared first on Guerilla Investing.