W Resources – Sell – when’s the heavily discounted placing?

Shares in AIM listed miner W Resources (WRES) have perked up by 0.05p today to 0.97p valuing this fine enterprise at c£20 million. But fear not, this is the AIM Cesspit, so here  are four reasons why you should sell as there is a placing ahead. 

1. Edison pushing out a bullish note (remember that it is paid to publish) is always a good sign that a placing is imminent.
2. This company is a perennial placer – in 2013 there were five placings. Leopards….
3. There has been a flurry of RNS statements of late. That again is a sure fire sign that a company is planning a placing and trying to get a bit of excitement (the pump) ahead of the dump.
4. Cash. This is the critical issue. 

Read the full article