Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Results today from Technology Minerals (TM1) are utterly atrocious. Losses upon losses and a material uncertainty warning from the auditors is sort of putting it mildly. When the shares resume trading they remain utterly in bargepole territory. Who is to blame for this? You might think that it was Chris Cleverley’s pals in management but if you are crazy Meg Short at Bloomberg you probably blame Tom Winnnifrith for the losses and, for once, Ms Short might have a point. Let me explain…
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