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.

W Resources - the 8 day pump and dump: just what happened here?

By Tom Winnifrith, The Sheriff of AIM

11 March 2016 08:19

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On the evening of 2nd March W Resources (WRES) presented to a group of investors in London with the shares having closed that evening at 0.6p. In the eight days that followed the company issued not one but two ramptastic pieces of good news yet the shares slipped back steadily. They closed last night at just 0.47p.

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Comments

wildrides

11 March 2016, 09:02

The solution is there ……… auto suspension for any company wishing to place until placing completed.
Having said that ………. no big problem here . Normal range has been .50 to .6 p for months . The news was not mega . Price has made ground a bit . The new buyers will have too be patient . The spread is very variable, but when material news comes it will go past a penny very quick.
Drunken Sailor

11 March 2016, 09:35

Anyone who wants to can see a picture of the very clever Ms James here:

https://uk.linkedin.com/in/justinejames

Clearly a tidy piece of tottie for us older folks.
josh

12 March 2016, 03:54

Tom .
You advertised the free booze on the 2nd twice.
Did you talk to cornhill about it ?
Will UJO also follow with a placing ?
wildrides

12 March 2016, 03:57

Drunk ………. I am staying loyal to Dr Alice and Van Goddess .
Marvin

12 March 2016, 07:32

Thanks Drunken. Nice to put a pic to the name which I came across whilst listening to XTR investors who spoke of her in reverential terms for the assistance she provided in confirming their belief that XTR was in fact the next big thing.