Wednesday, 24 December 2014

Lessons From The Jokers Of AIM

Christmas Cracker jokes from within A.I.M 2014

Last year I sat around the dinner table pulling crackers with the extended family, each of us had a small plastic flute inside which played a single note. As the nominated conductor flagged you in we blew the flute one by one to become a very basic orchestra. This year we have seen some really big Christmas crackers but these are my top 3.

1.) Lenigas said that Leni Gas & Oil (LGO) had no need or intention of issuing shares in a placing as some have speculated. He is fully funded to drill aggressively in Trinidad boosting output materially in the near term. (June 2014)

It's a CRACKER - LGO today announces that the Company has raised £7 million before expenses, by way of a Company arranged placing of 200 million new ordinary shares (July 2014) - The company went on to raise a further £2.3 million (Oct 2014) Totalling £9.3 million.

2.) We have carried out an extensive reevaluation of seismic data at Horse Hill, Then in response to a twitter question David Lenigas replied '' we believe we will hit the right side of the fault due to there interpretation of 3d seismic data...

It's a CRACKER - Neil Ritson confirms Lenigas must have been confused as we don't have 3d seismic data, (Only 2d) which left the usual typo error excuse all at sea as he had tweeted not once not twice but three times that 3d was on offer - IT WASN'T

3.) David goes quiet on Monday with the line '' I'll let the results do the talking '' (within a matter of hours prior) Lenigas comes out fighting suggesting naughty shorters were behind the fall which could lead folk to believe that a placing was not coming (which I suggested is exactly what would happen) oh and he was excited.... (Oct 7th 2014)

It's a CRACKER - The Board of UKOG is pleased to announce that the Company has raised £2,000,000 before expenses by way of a Company arranged placing of 166,666,667 new ordinary shares of 0.01p each in the Company (the "Placing Shares") at a placing price of 1.2 pence (8th Oct 2014) that's right the very next day...

I'm often asked do I not like David Lenigas? And my reply is the same, he's a master class at what he does!!! He's also trying to manage an ego the same size as his gut which is causing a real battle with reality.... '' Perhaps I'm an angel who was put on this earth to be the voice of reason '' or perhaps the devil within just causes me to keep digging into this despicable behaviour. The Aim regulators, the Aim investigators and the FCA and ASIC has a duty of care to all UK and global investors...

Never take all of what you read as gospel, take heed of the festive message: Carry out extensive due diligence and #KnowTheGame before risking your hard earned cash into the Aim circles, be wary, treat everything with concept and don't trust people who are offended if you don't give yourself to the markets easily '' It will snatch the life right out of your portfolio at the blink of an eye ''

Stay say, stay strong and stay on top.....

Merry Christmas, Happy holidays



Friday, 19 December 2014

The Evolution Of Twitter

If a rabbit could tell you how much it loved carrots it would start by repeating itself like a child that wants to be given sweets or like gollam with his precious. The transition from eagerly wanting it to forcefully needing can be quick...

I find twitter has began to evolve this way, I want you to want it as much as I do, then you must need it as much as I need it. this horrific transformation takes place right in front of your eyes and should you dare not to mention something the reader wants you to, your systematically questioned about your person belief.

95% of people lose, I'm not one of that 95% so find myself asking, what do I get out of twitter? I believe I've acted in the best interest of myself and others around me by being open,frank and honest whilst giving an insight to the mechanism of the markets in the city of London.

If you have no point to prove then why engage in wasteful exchanges? The Christmas break is certainly time to reflect. Gold mines in Wales, Holding companies in Oz, Children mowed down in Pakistan, Sieges in Sydney and more spiders webs in Perth than a scenes from arachnophobia or perhaps its just a heroin like cravings from morons.

Do we really need Twitter.

All the best Folk's


Sunday, 14 December 2014

DocsLaymanChatter Vol XXXI.

Oh boy! What a week, over a $100Billion evaporated from the markets in the worse week in years and whilst my portfolio has slipped 10% recently, (yes backwards) I find myself answering the cry of '' your no expert and you're a shit tipster '' jeez Louise as if I'm solely to blame for the collapse in the oil price or in fact the slump in the junior resource space...

I think its safe to say the markets are full of utter twerps, some of which '' see no evil, hear no evil '' but my sanity is replenished when i speak to guys like Josh who are not only industry experts in their field but ruddy good folk to suit. I've spoken to a few good folk recently and discussed a wide variety of topics so accept that whilst there is an army of retail punters relying on blind faith! there are also the Alex or Josh of this world to give me hope.

I work 18hrs each day, eating,sleeping and shitting the stock market and yes I'm a saddo! not as sad as my mate Tom Winnifrith but sad nonetheless. Now to be clear to the odd loony that goes to the trouble of setting up accounts to sling shit towards myself or anyone else for that matter, you really must take heed of this message:

I'm about as thick skinned as you can be, feel free to spout off all you like, your engagement with me ends instantly when i hit the block button, there are plenty of people I have had heated debate with that I follow and engage with (even if I strongly disagree with them) however mutual respect for anothers opinion was the way I was brought up, now you might be thinking if he's that thick skinned why comment? I want to be very clear here:

I'm not an expert, I have tipped companies that have gone to zero (just the one but hey) and I have believed in an asset prior to finding out just how bent certain executive officers of companies are. I accept those calls, I accept people criticising me and I accept that life's like a box of chocolates. Feel free to oversee some of the biggest calls in the small cap sector over the last few years, I opened my account as a writer with a company that did a 40% or 60% gain (it slips my mind now).
it took a few months and i was ecstatic, I held no position as I didn't want any emotional distractions. My time as a writer consisted of picking stocks 90%+ of which i wasn't financially reliant on or exposed to. Any writer worth his salt will tell you that its hard enough without the added pressure, however overtime I found myself backing winners and losers in the markets as well as writing. The point here is I disclose my positions as much as I can, if i write i say if i hold or not, if i tweet i may or may not say what I hold and when but this is often down to the lack of time in the day to keep a full diary from the 15,000 tweets I've made. What I will say finally is I have put as much into this industry as I have taken out which is more than a lot of the punters looking to shoulder blame with someone else for there lack of knowledge. At this point and old analogy comes to mind.

  • You can lead a horse to water but you cannot make it drink....

Now to the overview of the markets and the companies that are hot or not, not, not,not, with over one hundred billion evaporating this week its been hard on most.

Sula Iron & Gold: The company released news this week which clearly triggered further interest in the companies pending JORC results, clearly Sula has had a really tough time the geographic position of sula's assets are less than favourable with the ebola outbreak however chief worrall has been out country overseeing some of the work. The very fact Nick sees it fit to travel tells you everything, his experience in the field and country is invaluable so whilst times are hard it just shows that there is some interest within the resource sector.

Sound Oil: I've watched the world collapsing around oil stocks recently and whilst sound has come off a little from the 12-13.5p range it has shown the aggressive appetite to go after projects and companies that it believes offers significant upside against a limited down. Sound Oil is actually a predominant gas play with assets out in Italy, fiscal terms are good, they have revenue from 2 x producing wells which covers G&A cost thus the finance (funding) is being sunk into game changing operations like Badile which is valued at $400m upt $1.2bn. There is a high risk associated with drilling this well however the reservoir value is huge, so much so that industry majors are looking at the company closely. With oil on its uppers its hard to know where things can go but rest assured that those with the strongest outlook will hold on longer and recover quicker.

Management Resource Solutions: Come off 20% on their second day in the markets, rough justice for a company that has a revenue stream,dividend and by the admission of the company are ahead of expectations. With news due early 2015 to finger this very point it won't be long before MRS is picked up, the company came to life 7 years ago doubling in size each year. It's my belief we will see more of this as the next month or two unfolds, in a recent interview the CEO said we are acquisitive thus intend to keep growing not sit stagnant. I think there are a few misunderstandings in the market when it comes to MRS, one is they raised cash at 7p before coming to market! I have it on good account this is not the case after chatting with an analyst who carried out DD on management resource solutions. The other is they are a recruitment business and with things not looking hot in that field then its one to miss. Personally i see the infrastructure budget and boom a great assurance to the company and whilst I accept coming to market in the worst week in 2 years is about as bad as it could be. Companies with a revenue stream, profits,divi's and ambition often become seen as safer havens for risk in portfolios of private investors. Sustainability is very much taken care of...

UK Oil & Gas: I backed this first time around at 0.35p as many of you know and whilst the 2d/3d seismic scandal showed a level of visibility the HHDL chairman has, we have to take a measured view of events. Most of the stock has changed hands much higher (great) the company has raised money to enter the next bidding round (great) UKOG has secured a bunch of assets from NOP (overpriced but hey ho) and they have some production. I don't see them going bust even in this market so at worse will baton down the hatches, however the grand master of promotions Mr David Lenigas has not returned to take stick, he like the glitz and glamour of aim and I'm as sure as eggs that he has something brewing in here (great) which is why I'm back holding for the big game....

African Potash: Ed Marlow went onto Tiptv Friday and give a great account of himself, the shares have been hammered form 4.88p to a penny. Strong rumors are surfacing that a deal is imminent with either the Chinese or Indians as Ed's mecca ensues AFPO shareholders wait with baited breath. To quote Ed from the interview he clearly states '' I cannot tell you for regulatory reasons that we are in negotiations (referring to take out suggestion) however I'd be silly not to be in dialogue '' which is then validated by the recent hole results from the Lac Dinga project and the size/value of neighbouring assets. As with all things mining its hard work but potash is a commodity which is growing in demand in order to help fertilize and feed the world.

BoxHill Technologies: The company has one of the craziest stories around however with accounts due out to show the world isn't ending (i.e recovery underway) and with a gaming (gambling access) gateway both online and in casino's it means that players can get cash onto a table or into an online account to enjoy their pastime, we could be wrong to think walking into a bookies or casino is normal but in many countries including the U.S its now difficult to access cash to play. Box has the software to work with online providers to enjoy a sensible punt at the 2.10 newmarket or maybe a spread bet on the forex. The interesting factor is the access to the casino's of London where Boxhill are popping up with on site facilities to offer players cash at a 4.9% charge. It's all easy money and should Phil Jackson and his small team keep it up then Box will bounce back with a bang.

Finally, twitter,forums and bulletin boards - Sadly it would appear that twitter is becoming a conduit to over promote and ramp a company, it reminds me of the BB's 2 or 3 years ago!!! It's not big and its not clever, it's also highly off putting so in the New Year I'll be reevaluating my account and its use. Perhaps a clean break all around is needed - these environments are highly influential and damaging.

Note: I was something of a Directors Talk fan when the site first come to life and whilst I appreciate some of what they do I really can't abide the site over promoting shit in a one dimensional perspective, thats not news its marketing or promotions. Please be clear who are your client and what is news, and what is promoting. This is a warning to private investors '' whilst i/we give it a chance to correct the slip in quality we should be aware that this is now falling into the hands of the corporate and out of the retail palms....

All the best


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(These are but opinions derived from my own experiences and thoughts and are not adopted as a statement of fact)

Saturday, 6 December 2014

DocsLaymanChatter XXX.

Another week and another chain of events for investors to consider, Oil continued its disappointing run, Gold blows luke warm then cool again, The main exchanges look to be starting their Christmas rally (ready to fill up the bonus bag for the city elite) and the world goes mad, but not a little bit mad but raving loony mad....

Women breast feeding, Mario's anti semitic remarks, Dave Whelan the racist and the chancellor being mocked for his appearance '' high as a kite ''
(I mean come on, for fuck sake)
Whilst the extremely intelligent people of this world give their spin on current affairs etc, We shall embark on a brief overview of the weeks events which will hopefully be far more use than pointless debate of saving,changing or re-writing - The world As It Stands
Union Jack Oil: The company has set out its clear timeline on drilling now permitting has been given the green flag, The company is trading cheaply offering new and existing investors the chance to accumulate a moderate exposure to some conventional onshore assets in the UK.
Sperati (ca): The board, announced their intention to become an investing company ( I assume in the meantime to a clearer direction ) however the prime focus here is Drummond, Rowlands and Nilesh Jagatia (DL association) these guys have not got involved with a £1m market cap business to work their socks off to share out the buttons or coppers. It has the hallmarks of something much bigger.
Sound Oil: With an aggressive low ball offer for Antrim Energy now being taken serious by the Antrim board, Sound Oil look to be shaping into a right old Christmas cracker, James Parsons seems to be revelling in his position as CEO with the company building a solid Oil & Gas E&P company. Buy the weakness as much more to come here.
Ecr Minerals: Ecr updated its shareholders on its Australian (Mercator Gold) progress which helped buck a downward trend (Rightly so) towards its future. ECR has has a diverse portfolio of Op. and Non Op. Assets being driven by Stephen Clayson and Paul Johnson, The testament of time has shown the team to be hard working and frugal but with a keen eye for a deal, don't be surprised to see more of ECR over the next 12 months.
Paternoster Resources: Blast from the past PRS seems to be the ugly duckling in the micro cap space although we all know how that story ends, so prior to the swan like entry into this space I suggest investors consider the company's liquid assets, against private interests coupled to listed shell growth into the natural resource space - Things look a lot brighter yet the price says nothings changed '' I disagree as I can see speculative buyers returning as Paternoster prevails.
Stellar Resources: Well the big gold report looked a flop as shares traded hands nearly 50% cheaper at one point, oh boy the RNS was below my marker (which wasn't too high) leaving investors fed up and at odds. Whilst I don't rate these guys much I do rate the return of DL being based on HH thus while the gold may leave you rosey, the HH oil dreams may surface sooner than you think.
Box Hill Tech: Box spiked up back in October doubling its SP on a two pence, the dreaded RNS was released by the nomads request and the SP came crashing down, however on my analysis the company has been making good progress cutting debt and increasing revenues (Rebound play anyone?) although the timeline was not within the regulators criteria hence the RNS was forced. I believe the company will trade inline with expectation (If not above) on the next news which will provide a window of excitement, having chatted to Mr Jackson I believe the gateway this company offers is particularly bullish. On this basis I'll be doing more and adding more.
Sunrise Resources: Announce good news and the markets miss the trick, eventually they will float by the MM who should see some stock and interest resulting in an upward movement, its not rocket science - Under 0.40p is good value.
Sefton Resources & Range Resources: The swan song shall be played, one much sooner than the other but both are lessons on how not to run an aim company in the interest of shareholders.
All the best


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(These are but opinions derived from my own experiences and thoughts and are not adopted as a statement of fact)

Thursday, 4 December 2014

Well well well, my old spar David Lenigas appears to be back....

I have to say I'm pleased for investors to see Leni back as he can use his greatness to calm the market and preform one man magic yet again but please folks no moaning if it goes tits up!

Personally I think Leni is a bit of a wrongen but at the end of the day he's a nice guy according to me old mucker BMD '' who am I to argue '' Welcome back Mr Lenigas and lets hope you can make all those UK Oil & Gas investors some money. 

The rumour is UK Oil & Gas are about to embark on a special sort of journey, one which could involve unicorns, trolls and angelic wings (Ok I made the last bit up) however the words out that UKOG has been hammered down to hard and regardless of the oil price today their is much work to be done, I used to watch Paul Daniels with amazement and whilst I accept now as a grown man PD was hardly the best magician he still remains my favorite.

I asked a source why does Dave always insist on looking up at the ceiling when having his picture taken, I pissed myself when they responded '' David only likes to discuss things when the SP is moving upwards hence the picture message, now all the shits out the way he's back with a bang '' 

I'm getting too old to keep putting out the warning '' be careful '' so now I say go for glory magicman as the last trick will be a tough one to come back from....

Enjoy the show folks.... 


Note: I have not confirmed this is 100% David Lenigas but have requested confirmation from DL