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Tungsten Corp – “encouraged by progress” & “denies... allegations”… but customer wins behind expectations & settling by paying £1.1m+!

By Steve Moore | Monday 13 December 2021


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.


Previously writing on electronic invoicing and purchase order transactions network business Tungsten Corp (TUNG), earlier this month with the shares up to well above 30p I cautioned including with prior results having shown still cash burn, with net cash down to £2.1 million and a customer loss. Now further news, including half-year results and the shares currently back down below 30p…

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