By Nigel Somerville, The Deputy Sheriff of AIM | Wednesday 27 May 2015
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.
I have some sympathy for the board of Regal Petroleum (RPT) given that its area of operation is in the Ukraine. I sense that they are doing their best to manage the company in the most difficult of situations, but for investors the RNSs released yesterday are very worrying. Cash is trapped in a rapidly depreciating currency and the risks here are massive.
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