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F40 China New Energy – “important projects” in the offing, what about corporate governance?

By Nigel Somerville, the Deputy Sheriff of AIM | Saturday 5 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.


Shares in the ShareProphets AIM-China Filthy Forty outfit China New Energy (CNEL) have been on the up lately, rising from around 0.65p in mid-October to peak yesterday at over 5p a share, before closing at 3.7p. Quite a ride! This appears to have been on the back of indications that a deal was in the offing and yesterday some flesh was put on the bone.


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