John Cornford

Shanta Gold: A Goldie for Steady Growth?

Shanta Gold: A Goldie for Steady Growth?

6 mins. to read

469m shares in issue Current mid-price: 7.4p £34.7m market cap When gold showed signs of recovery, the first gold miners I looked at were those with projects not yet funded, and stalled by lack of interest from financiers. Their shares were obviously capable of strong gains if investors believed that funding would now come along.…

It’s AIM that should get skewered, not private investors!

It’s AIM that should get skewered, not private investors!

4 mins. to read

AsiaMet Resources (AIM:ARS) Well that was a spike if ever I saw one! And plenty of innocent lambs got skewered. Maybe it’s time for those responsible (an AIM market that doesn’t police misleading information and ‘research’) to get skewered themselves. I said I’d revisit ARS when its long trumpeted (by the CEO) PEA arrived. And…

More Notes from Underground
Underground at Guanajuato

More Notes from Underground

7 mins. to read

NPVs Revisited – Spikes and Weasel Words (Oxford’s definition of  the latter: “an informal term for words and phrases aimed at creating an impression that a specific and/or meaningful statement has been made, when only a vague or ambiguous claim has been communicated.” Alternatively, Rationalawiki’s definition is “words or phrases used in an ambiguous manner…

Some Notes from Underground
Tunneling work at Lace

Some Notes from Underground

7 mins. to read

I discuss Asiamet Resources (ARS), Solomon Gold (SOLG), and Kefi Minerals (KEFI)… Share Spikes? Don’t get Skewered Share spikes! They happen all the time, especially among small caps and miners. The first thing to say is that practically no-one ever gets out at the top. Generally only a very few trades (spurred by the foolish…

Sirius Minerals – Private Investors Take Care!

Sirius Minerals – Private Investors Take Care!

9 mins. to read

With a £2.5bn programme to built its potash (strictly – polyhalite) mine in Yorkshire, Sirius Minerals (AIM:SSX) plans to become by 2022 the largest operating underground mine in Britain, if not in the British Isles. Promising also to be one the cheapest suppliers of a unique multi-nutrient fertiliser to a hungry world agricultural market for…

Could Solgold become the biggest exploration story around?

Could Solgold become the biggest exploration story around?

7 mins. to read

“…one particular world-renowned expert on such porphyries believes Cascabel (Solgold’s 86% owned flagship copper-gold project in Ecuador) could be perhaps THE biggest new such discovery in the world, let alone in the Andes.” When faced with such a comment you can either pass it by or you can pause to take a look. But you…

Will Gold Hold?

Will Gold Hold?

9 mins. to read

The resurgence in gold has been remarkable. Since its gloomy low less than three months ago it has risen by more than 20% and, despite a recent recovery in equities spurred by a single economic indicator suggesting the US economy is not as bad as everyone thought, is still forging upwards. So much so that…

Aureus Mining – Theory turned upside down?

Aureus Mining – Theory turned upside down?

6 mins. to read

Just another tale of mining woe – or an investors’ opportunity? ‘The Theory’, of course, is that as a miner approaches production, with all initial spending nearly over and cash generation in view, investors will be taking note and pushing the shares up. Not down, as in the case of Aureus Mining (AUE)! So how…

Why has Hornby come off the rails?

Why has Hornby come off the rails?

7 mins. to read

Trains and Planes and Automobiles and Paint, and Kits, and Glue put together the way Hornby thought was That the Thing to Do ? A modern day nursery rhyme or a business school case study in the making? Hornby (AIM: HRN), with a market cap of £20m now (versus a peak of £100m) and annual…

Will a rising tide lift all golden boats – or just a few?

Will a rising tide lift all golden boats – or just a few?

10 mins. to read

Well it certainly won’t float those with a hole in their hull. And many captains (and their backers) will wait to ensure they’re catching the flow and not the ebb tide. So today I canter through those goldies we’ve already explored and some we haven’t and, along with many mixed metaphors, bring up to date…