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Tungsten AGM and Q1 Trading Statement. No Sign of Encouragement - still a short

By Lucian Miers | Friday 25 September 2015


Disclosure: The author has a short position in one or more of the shares mentioned. 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.


As predicted recently, this week's Tungsten (TUNG)  AGM statement and first quarter trading statement did nothing to suggest that there is a viable business there and underlined the difficult predicament facing hapless CEO, Richard Hurwitz, who has been tasked with clearing up the mess left by  former boss, the wannabe disrupter and visionary, Edi Truell.


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