Paul Scott's view [link]
Another Odey gem Crispen Odey is reported as having attempted to buy the entire free float when this heap of rubbish was listed. What a genius.
NEW ARTICLE: Tungsten Corp PLC’s Losses Grow As The Company Struggles "Shares in struggling financial services company Tungsten (LSE:TUNG) slumped by as much as 10% in early trade this morning, after the company reported a wider than expected loss for the six months ended 31 October 2015. However, at time of ..."[link]
Re: Another bear sorry it must be a negative. lol
Re: Another bear "Shorts reduced to 5.08%"You mean some have taken their substantial profit after the huge drop in the share price. If you think that's a positive then you're truly clutching at straws.
Re: Another bear Shorts reduced to 5.08%
Re: Another bear It was written by Lucian Miers.Winnifrith has a different style. He's needlessly abusive and says some stupid things but there's no disputing her has stood up and called a number of shares as frauds which have subsequently proved to be exactly that (Globo, Quindell, CamKids, Naibu, many others) or simply said they're heading for big falls which they have then done, Tungsten included.
Re: Another bear I had already seen it on the SP site, could be wrong and one of his team wrote it ill look again.I get a good few wrong but i wouldn't say i then know " FA about it."If i had to guess id say TW knows about most big moves on AIM.Even the ones that haven't been tipped on his site.
Re: Another bear The item isn't written by Winnifrith.And even he - mad as he appear to be - has never claimed to get every call correct. Do you? No, but it doesn't stop you posting.
Re: Another bear The same sight tipped ZOX. But TW did not mention that "car crash" one of the many derogatory remarks he likes to use.When someone referred to it TW replied he knows FA about it. ???
Re: Another bear Very poor form sounding off when you don't know what you're talking about. The site/ blog in question permits reposting and I can't state the source or this site then blocks the post. But if you Google it you will find it.I take it you're long and wrong on this one.
Re: Another bear Very poor form copying another individuals work, and particularly without even an acknowledgement.
Another bear From a well-know share comment site:Since Tungsten Corporations (TUNG) share price peaked around 400p just over a year ago, prompting its then boss, Edi Truell to brag about the £400 million Market cap at the AGM, the market retribution has been savage and unrelenting. The shares are down over ninety percent and thats after raising a further £30mn in the markets. (Memo to CEOs out there: Never brag about your share price)No wonder the shareholders are shell shocked. Even the comfort derived from the steadfast support of Odey Asset Management as it increased its stake to over 19% is no longer available as it appears that even they have now started to bail.The straw now being clutched at is the fact that the company had £50 million cash at the end of May, £20 million of which was locked up as regulatory capital in the Tungsten Bank, which appears now to be up for sale. Various valiant attempts have been made to cobble together a sum of the parts valuation for the shares by calculating what cash remains and what the bank might fetch and invariably coming up with a number well in excess of todays 39p per share with the business thrown in for free.I saw this exercise with Monetise (MONI) a while back and the outcome is likely to be similar: an entry into the twilight world of the penny stock. The problem is that cash burn is invariably worse than ones worst fears, and flogging a small bank that is surplus to requirements is not easy. If it were, it would have been done by now. Most importantly there is no evidence that the business model, in so far as there is one, has any chance of succeeding and changes in advisors and management and the hiring of consultants are not going to change that. You cant polish a t d.
where is the latest news about it even going private plz?
Most shorted on AiM GLOBO PLC 7.03 ASOS PLC 5.75 TUNGSTEN CORP PLC 5.18 TELIT COMMUNICATIONS PLC 3.40 ROCKHOPPER EXPLORATION PLC 2.11 1SPATIAL PLC 1.42 MONITISE PLC 1.32