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 New World Resources have perked up by 10% in the past couple of days to 33p – valuing this enterprise at c£90 million. But the very real downside risk is 100%, something flagged up this morning by the world’s Number One Mining analyst Roger Bade of Whitman Howard. He rates the shares a sell as do I.
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