My support of Ascot Mining has not paid of for those who followed me. The shares were once in the 40s. Today they trade on PLUS at 7.5p in the middle valuing Ascot at £5 million. I am asked if I can offer a few thoughts before I switch off my phone at Gatwick for a month and go away on my holiday.
The company has not to date delivered on either its move to AIM or on its production targets from its mine at Chassoul. And not only has it not won back the La Toyota mine despite two years of legal wrangling but since Christmas it has faced legal challenges to its Tros Hermanos property as well. Throw in the general ennui with all Plus listed stocks and it is not hard to see where this has gone wrong. So where are we now?
on ShareCrazy | Comments