By Nigel Somerville & Tom Winnifrith | Wednesday 28 October 2015
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.
Yesterday saw ISX and LSE listed Kenmare Resources (KMR) issue a trading update for Q3. Plenty of numbers, detail on improved production and shipped tonnage. But the elephant in the room is, as it always is with Kenmare, the state of its finances and that we got absolutely nothing at all. In other words the update was about as much use at the FCA is at preventing fraud on the London Markets.
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