Member Info for bettyswollox

Can anyone tell me what caused the share price to treble between early December and the new year?
I know the operational update on Dec 5th was positive, but no more so than the previous update.
What am I missing?

It's all very strange, 50% up on the week with no news, yet SAV and EMH - both of which are more advanced projects - haven't moved which would seem to rule out the " people rushing to secure Li resources" rumour.
There doesn't appear to be any need for a fund raise either since they had 5.3 million euros on hand as of September last year.
Is a pump and dump operation plus FOMO enough to explain such a large increase in SP?

Conspiracy? What conspiracy? Where on earth did you get that from?
I'm just pointing out the repeating pattern of hopes first raised then dashed.
And that is not a theory, it's fact.

Like it or not, the Wolfman speaks the truth about the Cameroon drill.
First it was OilLR, then the agreement was temporarily suspended due to covid ......and not another word about them since.
Then it was Beluga for whom shareholder and ministerial approval was a mere formality..........and not a dicky bird since.
Now it's BGFI and "the end of September or shortly after"

Anyone else starting to see a pattern here?

Well, another week and still no news. That's seven weeks since " the end of September or shortly after".
Is anyone else experiencing a sense of deja vu here?

I feel I must be missing something here. Oil prices are at all time highs, energy security at all time lows,
and the njom 3 well in Cameroon has a COS of 90%. Yet the drill has been imminent for four years and seemingly remains as elusive as ever. Investors should be all over this like a rash but they're not. why not?

Simply Wall St have just updated their analysis and are still very bullish, rating Morses as trading at 92.1% below their estimate of it's fair value. Let's hope they are right.
https://simplywall.st/stocks/gb/diversified-financials/aim-mcl/morses-club-shares

BurryJr

I didn't look at any particular CMCs, I just googled "morses club" and noted that the search returned very few CMCs whereas in mid February the same search returned page after page of them. I did click on one or two of them to check that they were abiding by the FCA's requirement that they inform their potential clients of the free route to redress but can't remember which ones I looked at.

Interesting read across from NSF, thanks for posting.

Well, GBP have just been granted a one year extension to their exploration permit in Namibia which was due to expire in September this year.Meanwhile at TRP, Cameroon news is five months overdue and the exploration permit expires within a month. Let's face it. It's not looking good is it?On the plus side, there will certainly be an RNS within the next 28 days (possibly two if there is another placing) although it's unlikely to be the one we want. .

Seems dodgy and not authorised by the FCA.
https://www.fca.org.uk/news/warnings/wealth-core

Edit: MCMs should read CMCs as in claims management companies. Sorry for the confusion.
Ditto MSMs

The FOS released the complaints data for the second half of 2021 this morning.
Morses club attracted 917 complaints during this period, substantially down from the 1585 complaints received during the first half of the year.
This, coupled with the fact that the surge in complaints received in February this year came just before the FCA's restrictions on MCMs came into force on the 1st of March suggests to me that Morses may have weathered the worst. The new restrictions not only limit the fees that the MCMs are allowed to charge, but perhaps more importantly require that they inform potential customers that they can apply directly to the FOS for free, and indeed, a quick Google search reveals that advertising from MSMs has fallen to almost zero since March 1st.

An update from the BoD on the number of recent claims and the effect on the bottom line would be nice (Profits 20-30% lower - subject to review! -remember ), as would an explanation of the CEO's strange behavior.
The attempt and subsequent failure to separate the HCC and digital arms of the company remains somewhat worrying - "streamlining the business" always seemed to be a somewhat unlikely reason.

But all in all, I am quite optimistic that this can recover and prosper. Would welcome your thoughts on the matter.

TRP up 15% on the day yet GBP hasn't moved. Is this just another pump and dump?

1digger
Edit: correct name is adblock for firefox.

I'm using adblocker+ with mozilla firefox as my browser.

Mitch
Ads! What ads? Obviously my adblocker is doing it's job. It hadn't even occurred to me that there were any ads to block.
Are others having the same problem?

Like many others I'm 80% down here, so I really hope simply wall street are right.
But, with settled claims like this one: https://www.financial-ombudsman.org.uk/decision/DRN-2087258.pdf
and ongoing claims like this one: https://forums.moneysavingexpert.com/discussion/6327713/morses-club-refund
I have to wonder if Morses have been lending as responsibly as they have claimed.
Customers may report a high level of consumer satisfaction but that doesn't mean they won't submit a claim when they sense the possibility of free money.
Others have suggested that the recent surge in claims is tied to the Provy scheme coming to an end and will tail off again, but frankly I doubt it, if anything the CMCs are more likely to redouble their efforts now that Morses are the only viable target.
If anyone would like to persuade me that I'm wrong, then I'm all ears.

Wolfie
It's not the MoM you need to be contacting, it's the BoD.
Now more than three months overdue and not a word from JA and co.
I presume they are in regular contact with both Beluga and the ministry and as such it is inconceivable that they don't know what is going on and as a PLC they are required by law to inform their shareholders.
Delayed or dead in the water, we have a right to be informed.

So, presumably he's not expecting a jail sentence for insider trading then.

It appears that the FCA have given him the boot. He is no longer listed as a member of the SBP panel.
https://www.fca-sbpp.org.uk/fcasbp-members/paul-smith

https://www.youtube.com/watch?v=dodQx8sz4KI&ab_channel=SowellExplains