Right now resources stocks listed on the Cesspit AIM market have a sort of Freddie Starr status. The old boy has not been charged and folks give him the benefit of the doubt but it is not exactly like he is getting a rush of bookings. And so profitable stocks trade at a premium to cash and those that are not profitable discount severe dilution but not bankruptcy. But that could change.
There is a story doing the rounds about a resource darling which I cannot verify although the source seems to be kosher. As such I shall not name the company in question. Over at IG Index almost all of those betting on it are long. They have been long and wrong for a while but while the shares have slid noticeable they have not collapsed. On the Bulletin Boards sentiment is still gushingly positive despite the slide.
on ShareProphets.com | Comments