Evil discusses Asia Resource Minerals and Churchill Mining… Well, well, well. Nat Rothschild has underwritten a $100m placing at 25p a share for Asia Resource Minerals (ARMS). This is a big premium to the price ruling before the RNS this morning and, even now, the stock stands at a substantial discount to the issue price.…
Evil discusses Hargreaves Lansdown, Avanti Communications, Oxus Gold and vegetarianism… Hargreaves Lansdown (HL.), now 980p, is on a PE of 28 or whatever. But the easy days of handling funds are over and that rating is just too rich. ***** I closed my longstanding short in Avanti (AVN). I had to pay 245p which surprised…
Evil discusses Tesco and Nasdaq-listed Cadiz… So Tesco (TSCO) is to be investigated for unfair trade practices such as late payment to suppliers and space sales to suppliers who seek to promote their lines. All this will take time and money and achieve nothing whatsoever. It is just modern government in practice. All that a…
Evil discusses Orosur Mining, Moneysupernarket, Which?, Prince Charles and his in-tray… I got a call from Pablo Marcet, the exploration geologist at Orosur (OMI), this morning. He was in effect part of the package that comprised Waymar the Colombian prospect acquired by Orosur last year. Dealing with Colombia first, it is clear that Pablo reckons…
Evil discusses Quindell… At 12.30 today Quindell has come up with the following: “Press speculation Quindell Plc (AIM: QPP.L) announces that, contrary to speculation, the exclusivity arrangements with Slater & Gordon Limited in respect of the possible disposal of an operating division of the Group (“Exclusivity”) continue and discussions are on-going. There can be no…
Evil discusses the FTSE, gold miners, Outsourcery, Mitie, Afren, loonie/USD, the election, and rural crime… As it happens, aside from going short of FTSE pursuant to the Crispin Odey-inspired message of doom last week, I am long gold and gold shares such as, you guessed it, Orosur (OMI). But I decline to get involved with…
Evil discusses the Canadian dollar, Quindell and the FCA… It is time to get short of the Canadian dollar or “loonie” against the USD. The offer price of the loonie is currently 1.25 or so to acquire one USD. I do not know why this is the trade. But I have had good advice and…
Evil discusses Greece, Oxus, Foxtons and Beximco Pharma… Readers will recall that last Monday, 26th January, I offered my opinion that the Greeks, as an electorate, have justly and by implication wisely decided to welsh on debts to the ECB or, put another way, Germany. I put this to my Greek contact, Stavros (no relation…
This Greek thing is mildly comic with the dissembling Europhile liars out in full force. The fact is that the average Greek saw no point in paying off debts run up by the bent ministers of the past and, quite possibly, those to come. So he voted to get rid of the debt by refusing…
