Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Tungsten Corp (TUNG) has updated that it “expects the unaudited financial results for the financial year to be above the board's expectations at the time of the announcement of the company's interim results”. Good. “Higher revenues, combined with lower than forecast costs in the second half of the year, are expected to result in a smaller loss for the full year than the market's expectation (Good)… of £31.2 million”. Oh! The following offers my translation of what I consider the key parts of a lengthy RNS and why the shares are down more than 10% at 130p on the back of it…
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