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Tangiers Petroleum – announces planned placement, broker promptly resigns!

By Ben Turney | Tuesday 29 April 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.


When was the last time you heard of a broker quitting immediately after a client had announced a planned capital raising? Aren’t all brokers meant to be fee hungry rapacious beasts? Just how foul tasting must the carrion be if even a broker is not prepared to feast on it?!!! Today, these are all questions unfortunate shareholders in Tangiers Petroleum (TPET) will no doubt be asking themselves.



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