By Steve Moore | Wednesday 12 March 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.
Shares in Kenmare Resources (KMR), the operator of the Moma titanium minerals mine in Mozambique, currently trade approaching 7% lower on the day, at 13.5p, on the back of results for 2013 which include a $44.1 million post-tax loss. After Tom Winnifrith’s critical piece on this website earlier this year (see HERE), might we see bulletin board morons eating humble pie? And could there be worse to come?
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