By HotStockRockets | Sunday 4 June 2017
Disclosure: Financial Investigative Media Limited, which is not owned by Tom Winnifrith but by a trust for his dependants, owns shares in companies mentioned in this article. 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.
Having got us all excited with news that the Chinese money was in two days ago the shares started racing away - hitting 2.3p on Thursday - and guess what: another placing - £1 million raised at 1.8p. ECR Minerals (ECR) says that it was over-subscribed. Well do bears shit in the woods - give stock away at a whopping discount and of course your placing will be oversubscribed.
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