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LGO Energy signs up to death spiral and its shares surge... whatever

Tom Winnifrith
Saturday 10 December 2016

Shares in LGO Energy (LGO) have raced ahead by 33% to just over 0.14p on news that the company has signed up to a new uber expensive death spiral. Truly some folks just do not get why death spirals are called death spirals. But every cloud has a silver lining: the cash means that LGO can repay French banksters BNP Paribas.

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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