Any investor will be aware that most - heck, virtually all - company financial statements are dry as dishwater. However, there are rare exceptions out there, such as micro-cap U.K. investment company El Oro and Exploration Co. (I instinctively like any company whose seal incorporates, among other things, a mug of beer.)
Seeing El Oro’s half-year or annual results hit the wire is one of the small pleasures of working in the London financial market, as this means another screed from its inimitable chairman, Clement Robin Woodbine Parish, who has decided views about the course of financial markets and life in Britain. How many other executives mention “Brobdingnagian booty,” “obscene obeisance to the European Union” or “Cyclops-post-Odysseus blindness” in their press releases?
El Oro’s latest first-half results, published March 31, are here, and anyone who wants to see more should go here and click on the announcements labeled “interim results” or “final results.”