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Allenby Capital shoots Strategic Natural Resources in the head. (CORRECTED)

By Ben Turney | Monday 23 June 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.

On April Fool’s Day, I wasn’t joking when I asked if someone could please shoot AIM zombie Strategic Natural Resources (SNRP) in the head. I just didn’t expect it would be the company’s Nomad and Joint Broker, Allenby Capital, which would respond to this call and deliver the final kill shot! Given that Allenby is Nomad to AIM Cesspit champion Sefton Resources (SER), one really has to wonder how bad the situation must be for these guys to have walked out on Strategic Natural with immediate effect. This doesn’t bode well for shareholders, as the company has until 0700 on July 24th to find a replacement or that is it; curtains.

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