I’m not as prolific blogging these days, lot of reasons, (been traveling mucho these days) but mainly age, and experience has taught me that the market, from top to bottom, is about as twisted as a helter skelter. Most CEOs, Directors, Market Makers, Brokers, PR outfits, Big hitter traders, run a double game, concealing their agenda. Mammon reigns supreme in the City of London. Arrogance, greed, bare faced lying, fraud, corruption the list goes on. There are some good people amongst the above but they are the exception to the rule. By far the most honest are the small time investors who are just trying to make a few quid….
Most don’t know that I’m currently back and forth to Asia ‘chasing the rainbow’ (on the corporate side.) But that’s another story for another time that will eventually be told….. I digress. Any way onwards and upwards.
It’s not every day that a genuine tiddler in the mining sector pops up that’s actually worth a punt. Most are shite, lifestyle companies run for the benefit of their BOD. One only has to look at the utter disasters that are Redrock, Sunrise and, the God awful Kavango Resources, to name but three. There are literally dozens upon dozens of these corporate shysters ‘mining’ the City of London and gullible UK investors/traders.
It’s all about research and if you do what I do and actually take a deep dive into them you wouldn’t now be sitting on a loss on the 3 bags of shite listed above. My advice to anyone daft enough to have been suckered into these life style companies and any others, is to exit immediately and take a look at
This kind of ‘tie in and buy in’ is worth many multiples of their current SP. 0.80p. The Aterian board are still fresh, clean and uncorrupted. I now a story about the ATN Chairman Charles Bray, of course I can never discuss it, but it’s that tidbit of information, that points to Bray being one of the good guys. Plus he’s got skin in the game. A lot of skin, just under 10%……
The Market Cap’ is buttons. At the current SP it’s a no brainer. I can’t lose. It’s got to be a multiple rise on news. It couldn’t and wouldn’t stay static. Common sense dictates that there’d be a buying frenzy… Surely the Company should now, at the very least, either confirm or deny that negotiations are in play? In-order to get that confirmation I’ve deliberately named 3 of the Majors.
So there you have it. Take a punt or don’t. You now know as much as me!
The Chesterfield Resources (LON: CHF) Pump & Dump isn’t going well. Apparently there’s been hundreds of abusive tweets and voiced over videos containing language that would warrant a sectioning under the mental health act. This is par for the course when it comes to The Runcorn Troll, an ex sewage worker who operates under the guise of Doc Holiday the infamous gunslinger from the wild west. Doc Holiday is in actual fact an internet troll who’s real name is Mr Michael Whitlow who operates out of a Santander mortgaged, small semi-detached property some-where in the environs of Runcorn Cheshire. What’s Mr Whitlow trying to hide? What’s all this abuse, the ravings of desperation? Could it be the £94,000 in secret payments taken up to year end September 2018? Yes folks the ‘gunslinger’ just like one of his erstwhile posse members, Mr Leon Hogan, has been trousering cash from companies on the quiet, through Volant Services
Unbeknown to most people Mr Whitlow runs a paper company called Volant Services (VSL). There’s no office, no Secretary, No telephone, No employees, it’s a paper shell registered out of a post address 20-22 Wenlock Rd, London, England, N1 7GU Volant was specifically formulated to take secret payments from companies and ‘Promote’ organisers’. And that’s where the £94,000 has come from. Most of that money, if not all, has come from companies that Mr Whitlow & Mr Burton of Total Market Shite, ramp to fook on a daily basis. Payments have been made either directly or in-directly and funnelled through Total Market Shite into the pocket of Mr Whitlows ‘Volley’ Volant. That’s a 100% fact.
Those who follow the markets will recall an RNS, several weeks ago, from Management Resources (Lon: MRS). In that RNS it was announced that a Mr Leon Hogan, another well known Pump & Dumper, had been in receipt of payments made by MRS. Mr Hogan has since ‘left the building‘, (Social Media) deleting his twitter and BB chat accounts. Mr Hogan vehemently denied such skulduggery until MRS was forced to ‘fess up’. Hogan was and probably still is working with Mr Whitlow & Mr Burton on the Chesterfield Resources P&D.
Of course this will be denied by the two varmints. Hogan was heavily involved with their Chesterfield Ramps. In fact there are 100s upon 100s, if not 1,000s of tweets & retweets ramping CHF between them. These are paid for tweets. Paid for by Chesterfield Resources (LON: CHF) who have made payments to TMS, Mr Burton and Mr Whitlow.
The reason P&Ders go into meltdown is thus: If you Scream and scream as loud as you can, hopefully the mugs that follow and have been suckered into actually sucking up the horseshit, don’t ask awkward questions. It’s better to deflect away from piss poor paper ‘mining frauds‘ than actually address what it would cost to open a copper mine in Cyprus? Or where the £200,000,000 minimum is going to come from. Or better still why BHP Biliton or any other Major ‘Real’ mining company aren’t banging down the doors of the Greek Cypriot mining ministry? The ‘Cyprus copper riches beyond your wildest ‘screams” (Geddit?) with added ‘Gold bonanza’ inferences is a tall tale being used to sucker Mug Punters into a fantasy that would make an FCA regulated financial adviser crack up in fits of laughter.
Chesterfield announced that as of December last year they had £1.8M in cash & cash equivalents. Apart from the fact that this is a pitiful amount of cash as of 5 months ago, that cash will have significantly been eroded as of today. Their cash burn is thus: Year end 2017 they had £1,184,424. They then raised £2,000,000 via suspension and new prospectus, as of five months ago they booked £1,885,726. In 2018 they spent £1,298,698. Extrapolating this on a six monthly basis they are spunking away £650,000 per half year. Their cash position as of today is either just over or just under £1,000,000. They simply do not have the cash to progress any mining. Mining by it’s very nature is Capital Intensive, costing 10s of millions of pounds at the ‘paper stage’. Actual physical mining costs £100s of millions of pounds. That’s a fact.
In my last ‘Rip’ of this corporate boiler room, I asked the Company to clarify their cash position. Today I’m asking Chesterfield Resources, David Burton and Michael Whitlow to fess up and answer these questions.
Answers Needed!
1/ How much money has Chesterfield Resources paid to Total Market Shite? 2/ How much money from CHF, has TMS paid Volant Services? 3/ How much money has TMS paid directly to Mr Whitlow? 4/ How much money has Chesterfield Resources paid to Volant Services? 5/ Has Chesterfield paid directly or in directly through TMS, Mr Whitlows expenses to jaunt off to Cyprus? 6/ Where has the £94,000 came from in Volant Services? 7/ What is the financial arrangement between Volant, Chesterfield and TMS? 8/ How much in total has Mr Burton/TMS paid to Volant Services? 9/ Why has there been no acknowledgement of (secret) payments to a well known Pump & Dumper? 10/ Are Chesterfield aware of the rules & regulations regarding disclosure of paid promotions on social media? If so, will Chesterfield now disclose those payments?
The Runcorn Troll: Mr Whitlows’ Secret Payments
The Runcorn Troll, has been peppering social media with lies, deceits, abuse and downright ridiculous claims, not just on CHF, but many, many other companies. Secret payments have been made. Mr Whitlow now has an opportunity to ‘fess up’. Before the FCA regulators force Chesterfield & TMS to fully disclose. He can do this by releasing the Volant bank statements which will contain the source/s of £94,000 in payments he has taken directly & in-directly in cash & warrant packages from companies, while deliberately hiding the source/s of those funds/warrants. Full Disclosure!
The lies being spun by the ‘copper cowboy’ remind me of another one of his ‘famous’ mining P&Ds. Come on down Sunrise Resources. Let me just add this. The sun never rose on Sunrise Resources…. Or indeed, Keras Resources, Regency mines, Jangada or Red Rock Resources ad infinitum….. There’s a pattern there if you care to look, or basically every single Company that these P&Ders ramp. The louder they scream the more they are deflecting their own fears into their own echo chambers. It’s called reflecting. The more abusive they get the more fear they carry.
Come Spend Your Money Here!
Cyprus isn’t a copper nirvana, neither is it a gold rush town. There are hundreds of toxic played out mines there. That’s it. End of. But as all Pump & Dumps proceed, you can be sure that the talking up (Ramping) of piss poor £8k licences will start to include the word ‘Gold’. The cash position of CHF is critical and they have to get their SP up so that they can raise money from the Mugs. If their SP is too low they will suspend and submit yet another prospectus to relist. They did that within months of IPO and they will have to do that again. It’s a question of time. That’s a fact. There will be placings upon placings speckled with vulture financing over the life span of Chesterfield, eventually the board will ‘move on’ and another outfit will move in. That’s how CHF will run. It’s the modus operandi of all P&D lifestyle companies on the AIM and on the Standard Market.
The Company are telling the mugs that they don’t need money. Yet CHF are at the 121 mining forum in South Africa. That’s an event where the company pay £12,000 to ‘Pitch’ for cash. This company is up to its neck in deliberate manipulation of its share-price in-order to get away a placing at a higher level. Paying a ‘mentally deranged idiot’, who self-promotes himself as a ‘Gunslinger’ and a well known failed corporate (Mr Burton) who was booted out of Redmayne Bentley (Brokerage), booted out of Vox Markets and has the honour of holding the shortest Directorship (Harvest Minerals) in the history of the London Stock Market when he was again ‘booted‘ off the board! (More of which in my next expose).
If there were 16,000,000 tonnes of recoverable copper in two plays on Cyprus then every major mining outfit would’ve rocked up there many years ago. That’s a fact. Check it out. It’s easy…. Or just keep taking the word of Total Market Shite and his trusty ‘turdslinger’…
All of the above needs to be answered particularly where the money in Volant Services LTD has come from? Because it’s not all come from Chesterfield Resources…… Has it Mr Whitlow? It’s time to confess all and release the full Volant Services Accounts, receipts, bank statements, individual payments and all itemised Ins & Outs…. Because you the mugs are paying this fookers Santander mortgage LOL!!!
Gauge the effect of ‘The Power Of Dan’ in direct proportion to the amount of filthy, vile, cowardly abuse screamed out on twitter & in DMs. 🙂
There’s never a dull moment when you’re researching investments. I’ve alluded to ‘The Secret Nomad’ once or twice in a few of my epistles. It would seem that some-one or one of the regulated companies has stole my line “The Secret Nomad”. More to that they’ve registered a domain and launched a website. It really does take the biscuit. The absolute cheek of it! I found this site yesterday when I noticed a new twitter follower….. https://thesecretnomad.com/
The Secret Nomad
But what’s rather interesting is that the articles published by The Secret Nomad (TSN) tend to show that it’s either a real or maybe a retired Nomad or some one who has a vastly superior knowledge of the Markets than most of us. Myself & SharepProphets will obviously be following TSN very closely….
What’s even more interesting is that if I know the FCA & AIM regs they’ll be all over this like a cheap suite. As will the financial press.
It’s looking decidedly grimmer and grimmer as each week passes on ‘Uber dog & ‘Uber’ ramped Chesterfield Resources (LON: CHF) This outfit are without doubt the biggest crock of shit currently on the small cap mining resources sector. They’re a mining copper play with bits of paper laying claim to ‘Copper Riches’ beyond your wildest dreams, in Cyprus.
Having spoken to ‘The Secret Nomad’ on all things standard listed and gone through every RNS and company presentation/s I can now tell you exactly what’s in store for any mug punter who falls for the ‘Greeks Bearing Gifts’ spiel currently being vomited out by this POS and their paid promoters.
Chesterfield listed on the 29th August 2017 raising £1.3M at 5p. Two months later the company was suspended, apparently a reverse takeover, so with a new prospectus they announced on 28th June 2018 that they’d raised £2M at 7.5p and had also issued 6,666,667 shares (£500K) of stock to HKP Exploration Ltd to take them over for the rights to 7 permits. HK Exploration paid nominal sums for the permits which were now incorporated into the new improved POS Chesterfield.
In September 2018 they released their Interim Results up to 30th June 2018. Where the cash balance was circa £900K. Now here’s the conundrum. On 28th June they confirmed the relisting and £2M raise. Their Interim’s are up to 30th June 2018 yet CHF state they have £900K. Have CHF ‘Jazz-funked’ away £1.1M in the space of 2 days of being relisted? If so then Whilst in suspension CHF must have been bust. The licences were paid for in shares. What was the £1.1M spent on, in two days, other than debts? It gets worse. If the above is correct then £2.4M in total has been spent over 10 months from listing to re-listing. Which leaves CHF £900K as of June end 2018, 8 months ago. The Company needs to clarify their cash position pronto!
If the £1.1M of the £2M has gone then they were burning cash at circa £240K per month up to June 30th 2018. How much cash has CHF got left? Well, on the cash burn up to June 2018 they again would be? Bust.
Invest your money here! One of hundreds of abandoned mines on Cyprus…
But let’s be generous because I’m a good guy. Lets say they decreased their cash-burn by 66% for the 8 months up to today. That means the Company have circa £100K in cash. And believe me ‘Uncle Dan’ is being extremely generous in cutting their cash-burn down by 66% per month. CHF are running on vapours. Mining, by it’s very nature, is hugely expensive. It’s hundreds of millions of pounds of capital expenditure (Capex) before a mine can be opened.
But here’s the ‘wibble in the wobble’. Being a standard listed company they can only issue 20% of their shares in actual issue in any one 12 month period, unless of course they come up with another ‘Acquisition’ and suspend and re-admit yet again….. If they go for a placing, 20% of shares are circa 12M shares. At 2p that’s one months cash-burn. At 3p that’s 6 weeks cash-burn. Or on the “generous good guy” figures of £100K per month 10 weeks or 15 weeks. Of course they’ll have to wait about 90 days before they issue.. There’s a very real possibility that CHF may well have to submit another prospectus and suspend. As Yoda would put it, ‘Vapours, almost certainly running them on’.
Cyprus was famous in antiquity for its copper resources. In fact the very word copper is derived from the Greek name for the island, Kupros. Cypriots first worked copper in the fourth millennium B.C., making tools from copper, which at that time could still be found on the surface. The discovery of rich copper-bearing ores on the north slope of the Troodos Mountains led to the mining of Cyprus’ mineral resources in the Bronze Age at sites such as Ambelikou-Aletri.
Toxic Abandoned Mine Cyprus. 1 of 100s…
Of course today after 3,000 years of mining one may want to ask exactly what’s left? Other than a few small time privateers, since 1970 the Cypriot mining industry has been in recession. Copper produced used to come from low grade dumps. That’s to say; processing of waste material from previous mining operations such as the Skouriotissa mine owned by Hellenic Copper Mines Ltd. Who’re a small scale producing copper mining company on Cyprus. In fact, Hellenic Copper Mines Ltd. are the one and only mining company on the island of Cyprus. Why is that? Answer. Because they have all the mining waste from their previous operations. In other words there’s fook all left. The only copper being produced in Cyprus comes from waste. Slag heaps. If you’d like to buy a permit and try your hand at finding the mother-lode of copper, gold or any other metal on Cyprus the cost is circa £8K per permit.
If you believe that defunct mines that cost a minimum of $200M dollops to clean up and get into production is good business then you need to send me all your money because I’m opening a gold mine at the back of a pawn shop in Didsbury….
Now we’ve all heard of that pithy saying “Beware of Greeks bearing gifts”. So here are the facts
Most mines on either side of the ‘Green Line’ (Google it) are of special scientific interest to the worlds archaeologists. That’s the Cypriot, copper industry in its entirety. There are 100’s of toxic abandoned mines. A full producing mine costs hundreds of millions of dollars to get into production. This lot have zippo cash and are about as far away from producing copper as I am from receiving a Royal Pardon and an invitation to become a ‘Lord’ of the realm. It’s a fantasy ‘Paper Mine’. Nothing more nothing less. Of course the ‘howler monkies’ will scream and scream and scream some more as reality bites.
I’ve seen it before. It’s an old worn ‘recipe’. Pick an area that’s had a history, get some spurious exploratory permits, throw in a few RNS’s, add a dash of diamond drill sampling, over-promote, give a few quid with an expenses paid jaunt to a couple of P&Ders, a pinch of ‘Total Market Shite‘, light the blue touch paper, sit back and laugh as you Mine the City of London via Mug punters.
Having spoken to ‘sources’ on what’s likely to be going on within this POS, I can only say commiserations if you’ve been suckered in by the blatant P&Ding that’s got you to this point in your trading/investing methodology where you greedily suck up more shite than a portaloo, suction cleaning vacuum.
This so called mining copper riches story is very similar to another one. In fact you could say it’s right out of the mining play-book for ‘Suckers‘. For those of us who recall the ‘Greek Tragedy’ that was Emed Mining. I’ll tell you this. It didn’t end well… Emed Mining were, (note the word “Were) a copper mining riches beyond your wildest dreams with licences in? Yes you’ve guessed it, £8 grand a ‘pop’ permit, Cyprus…
It’s Suspension, Placing or Both. Shell value 0.60p
Most followers of the HorseHilster companies will be eagerly watching the group of companies that have various slices of the Horse Hill pie. Not least because they always place. That’s because none of them have any production whatsoever worth a hill of beans and cash is as we know critical. Hence the UKOG Death Spiral that is currently smashing the Mug retail punters every time there’s a Death Spiral CONversion.
So who will be the next to place?
It’s known by this site that their is a strategy on organised placings in-order of seniority. They all work together and they all piss in the same pot when it comes to raising cash and massively over-promoting. That’s certainly not fair on the ‘Average Joe’ so we here always try to level the playing field and get the news out in the interests of fair play. I mean we’re British and we unlike the shysters running these Aussie outfits don’t tamper with our balls to gain an advantage! It’s just not cricket!!!!
So without further adoo doo doo there’s a whisper/s of a big discounted Placing underway at Alba Mineral Resources (LON: ALBA) Now it ‘s unconfirmed as it’s come from 2 different unconnected sources. I only confirm when I get 3 sources (unconnected). Such is the stringent criteria of ‘Yours Truly’
You’ll all know them as a company that has consistently failed to do any thing other than create wealth for their Board and the usual corporate hangers-on. Ostensibly what Alba are saying is that this placing is to help to fund ‘Greedland’. But in reality it’s to help them fund their #HH share of the bill and pay themselves their corporate fees.
What better way of keeping the lights on by getting the Mugs to pay the bills…
Remember you heard it here first on the UK’s favourite iconoclastic anti-City of Mammon blog!
Time I updated on Blockchains UK contender for “Hair puller out of the Year”. I went to the Pizza Blockchain shindig on Wednesday, just gone. Those that attended now know much more than those that didn’t on why On-Line Blockchain (LON: OBC) do not update on what they are working on & why it’s practically impossible to get hints or tidbits of news out of those running the company.
This is not an oil & gas play or a resource play. #OBC is a Tech’ Blockchain play as such it’s a roller-coaster. It isn’t subject to the vagaries and whims of P&Ders and day traders who currently run true to form and are howling and screaming utter bolloxs. It’s where you get on and where you get off that counts Not what you shriek into the barren wastes of London South East or social media. Bitcoin goes down, then oil & gas traders sell. That’s why O&G traders should not get involved until they ‘Gem up’ on the Blockchain space. Bitcoin isn’t Blockchain just as every single crypto coin isn’t Blockchain. Cryptos are run on a Blockchain. If you don’t know the difference then you need to get up to speed.
As it stands OBC started at 13p, it’s had many spikes in SP, at one point hitting £1.86p. It currently sits at 63p no doubt whatsoever that those spikes in SP will continually repeat as the company progress their business, and progress it they are. And no doubt the Howler Monkeys will continue to scream. The problem we have is that the Board are NOT your usual shyster lifestylers who update on the licking of an envelope or the tieing of a shoelace. The Board are very chummy with the top echelons of The FCA & the Aim Team. ADVFN compliance regularly liaise with both regulators.
This is what we know about #OBC and the people who run the Company. They’re fully cashed up, no debt, proven management in their space. They don’t leak info. They, through 20 years of business at ADVFN, (the worlds biggest financial portal) work with over 70 exchanges/platforms. That fact in itself tells us that it is nailed on that they’re talking to exchanges/platforms on Blockchain developments for exchange platforms. We know that they’ve had or are still having discussions with the Gibraltar stock exchange and we suspect plenty of others. I confirmed a recent meeting OBC had at the Reform Club (London) with the head of the GSX via a simple ‘phone call which ‘blagged’ this information from the Reform club reception. Easy when you know how.
Those at the presentation know that there will only be news on signed off deals. No news on discussions. If there’s any signed deal with any exchange then the OBC SP will go ‘stratospheric’. We know they’ve recently started a UK company called Awesome Animation (Company number 11166820). We know the Plus1coin hash rate has over the last 10 days risen to an all time high. We know that Plus1coin has been rolled out in the USA on InvestorsHub and we know that there will be other coins rolled out. We know that they’ve been developing Plus1coin as a validation token and we know that other media organisations are being-approached re’ the Plus1 validation token. We also know that they’ve opened an office some-where in London. The address of which is a highly guarded secret. It’s a secret for security reasons. Those that understand the Blockchain space will need no education as to why. It’s where their test mining and Blockchain applications operation are being developed. We know that William Louden is a big hitter and his appointment to the board isn’t ‘eye candy’. Louden is an internet genius. OBC will probably hit £2,£3,£5 or even £10 some where along the line. If you don’t think it will then sell up and move on or trade on. The choice is yours. Screaming blue murder isn’t going to force an RNS with the likes of Clem Chambers, Mike Hodges, Bill Louden and OBC. If you can’t take the pressure because you can’t work it out. Then move out! Simple. In this company we have genuine businessmen running it for the benefit of their shareholders and the company. It’s a rollercoaster. Get used to it!
Bearing in mind all we know or suspect, it doesn’t take a ‘genius’ to see that when or if news drops then it’s going to be good news. We can predict RNS’s such as their interim’s, accounts etc. With a degree of certainty. But we can only guesstimate when RNS’s on MOU’s, JVs Coins, Mining or Blockchain applications are rolled out. In real business, as opposed to the bullshit of the world of the P&Ders and Day traders, business deals constantly change during negotiations, ergo expected news time lines change.
You have to be in it to win it. If you don’t understand how real business works then sell up and move on. Leave Blockchain to those who know the space and are prepared to take the risk/reward involved.
When news comes it will be ‘real news’ as opposed to the bullshit that pervades the O&G/Mining space. And yes I’ve made good money in #OBC and yes I will continue to make more ‘Good money’. Research is key.
Aterian are fast tracking and advancing their portfolio of African-focused critical and strategic metal assets, in the Republic of Rwanda. So much so that sources indicate that there’s a gargantuan global player in discussions with them looking to partner and, or, buy in to the tune of £10M-£20M into their Rwanda plays. At what stage these discussions are at has been ‘researched’ by ‘yours truly’… So much so that I’ve taken a small punt. News could drop at any time. If and it is an ‘if’, as nothing is certain, that news drops then the SP of Aterian will go ballistic. What is known by this site is that the potential partner could be one of several. It’s known that Majors such as BHP, Rio Tinto, Glencore are entering Rwanda. News of any one of these three big hitters will send the Aterian SP through the proverbial roof. Rwanda is one of the worlds largest producers of Tantalum, Tungsten and Tin. The upside is huge with per tonnage prices in the 100s and 10s of thousands of dollars, dependent on what metal..
