Tower Resources plc - Important update

By Richard Mason

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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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Author: Richard Mason

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

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