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African Minerals – Why Evil Knievil is correct to be short

By Tom Winnifrith | Wednesday 17 September 2014


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 been goaded into looking into African Minerals (AMI) by Bulletin Board Morons laughing at Evil for being short given that the stock shot up by 47% yesterday. Evil went short at 20.5p the stock is now 25p (valuing African at c£85 million) and falling and I agree with him that the target is near as matters c0p. Here’s why.


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