Market's view on Tungsten West
Published on April 2024
- The Tory Brook River contamination issue has been raised by Councillor Patrick Nicholson and his wife, related to environmental concerns.
- Stock watcher observes a potential breakout from 6p with an anticipated resistance at 20p, suggesting a possible share price increase.
- Trading details indicate delayed transactions, with no sell quote over 6p in the final hours of trading on a specific day.
- The company is described as “just ticking,” awaiting Environmental Agency approval, with local news advised as a good source for further updates.
- Observations at the company’s plant show minimal activity, with very few cars present.
- A stock watcher who previously exited at 6p is keeping an eye on the company, anticipating significant developments.
- Despite recent gains, concerns are voiced about the inefficiency of extracting resources in the UK due to high operational costs and regulatory burdens.
- Discussion includes both optimistic predictions for a rise to 20p and criticism about the feasibility of profitable operations within the UK due to high production costs.