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Tower Resources plc – Important update

Yesterday (20/05/14) we made a technical call based on Tower Resources plc’s price action, today’s news release explains some of the order movements coupled with technical weakness which we anticipated would reverse through pre-TD (Total Depth) excitement. The RNS today will provide nothing more than uncertainty so we now suspend our coverage holding no bias and a neutral stance.

We at VTM believe capital protection is far more important than the uncertainty or risk this announcement presents.

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