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Tower Resources plc UPDATE

07 Apr 2014 | by: James Moore

In light of the announcement today of the TRP placing we suggest that the share price will now find its fulcrum point around 4p or below which offers huge short term gains for short sellers following our coverage when the share price was 6.5p.

VTM hopes to provide clearer visibility to retail investors, we work on the premise of “Visibility offers opportunity.” We will now move away from TRP whilst the dust settles.

From 6.5p the position is almost 40% in profit. We recommend taking profits in stages from 4p and lower.

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