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Gulf Keystone: Your statement makes me even more worried

Tom Winnifrith Thursday 2 May 2013

 

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I am expecting that the next statement from Gulf Keystone will be “The company knows of no reason for the decline in its share price.” Well I can pre-empt that by stating that I can think of plenty and today’s cack-handed attempt to reassure investors is one of them. And so here goes with my six reasons why I am increasingly bearish about Gulf Keystone.

I am sure that bulls can answer some of them but not all I suspect. The Red Flags keep coming up on this one and I suspect they will keep appearing. I wrote last week Gulf Keystone and the Smell Test: Fail – I stand by my conclusions of then. But here goes with the questions.

 

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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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Tom Winnifrith Bearcast: Why Bidstack now needs a formal (lack of) profits warning and could it run out of cash in Q1 2020

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