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Tungsten Corp – interim results statement hilarity, are management trying to fool us or are they fooling themselves?

By Steve Moore | Wednesday 16 December 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.


The financial highlights from today’s interim results announcement from Tungsten Corp (TUNG) include “Loss after tax of £17.6m (H1-FY15: £14.7m loss)”, but not to worry as Chairman Nick Parker reassures that the company “is making progress, achieving strong revenue growth and concluding encouraging customer renewal agreements… with a strong pipeline of new customers and prioritisation of activities that accelerate the realisation of profitable business, I believe Tungsten is well placed to deliver sustainable growth”. Hmmm…


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