By Tom Winnifrith | Tuesday 22 October 2013
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.
It was less than two weeks ago that, well after market hours, Kenmare Resources (KMR) issued a profits warning and staged a £66 million rescue bailout at 26.5p. Those who ponied up then must be cursing themselves as the stock is now at 22.5p. As a bear for some time I predict that worse is to follow.
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