Evil Knievil: Muddling distances

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Evil Knievil: Muddling distances

I was told seven weeks ago that Highland Avenue (HA) would be Charlie Appleby (CA)’s Derby horse (5th June). So I lumped on last Tuesday in Newmarket’s Fielden Stakes (9f). HA, bred for a mile, scooted home.

The Racing Post did not declare this to have been a striking performance and the jockey James Doyle in the post race interview remarked that HA might come back to a mile. He did not refer to the Derby. And he did not identify the 2000 Guineas (1st May).

CA seemed to emphasise that One Ruler (OR) would be their 2000 Guineas horse. Antepost betting suggests that HA will not run in the 2000 Guineas. HA is not even quoted for the Derby. All this suggests that a bet on HA for anything would be premature. But it is not impossible that HA runs in the Derby, possibly after York’s Dante stakes.

*****

Orosur (LON:OMI) published new drilling figures for its Colombian project, Anza, early last week. Curiously its share price is determined by the drilling and not the general price of gold. So it seems to me that sooner or later Newmont and Agnico will cooperate on a bid to take out OMI. This makes OMI a buy at 22p.

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Drink up: I had written off Blavod and thereafter watched Distil (LON:DIS) as a legacy holding worth a few thousand quid. However, last week’s figures seem respectable to me and, in the belief that more success will surely follow, I topped up on DIS. A capitalisation of £15m for a solvent holder of successful brands is too low. DIS is now 3p.

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What’s in a name? Clear Leisure (LON:CLP) is to change its name to Quantum Blockchain Technology. The stock shot up 30%.

I did not contact Francisco Gardin to ask what all this may mean since there has been a serious outbreak of lunacy at Coinbase (NASDAQ:COIN). It is not too late for CLP to associate itself with valuations such as COIN’s. Meanwhile, it must be correct to short COIN, now $328.


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