Wednesday April 23, 2014


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East West Resources ( Ambrian as was): sell

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- Tom Winnifrith

I tipped East West Resources (LSE:EWR) – the stock formerly known as Ambrian when it was a gold investment company called Golden Prospect at 5.25p back in October 2001. The shares peaked at c60p as the company became an investment bank. Today the stock is back at 11.375p. I was a total git for not bailing out much higher. A total bloody git. There has been the odd dividend along the way but I make no excuses. As things stand, today this one should be sold for a gain of 116% ( dividends would add another 40% or more) but this is still a piss poor result given what might have been. I am so cross. Here is why the shares should be sold even though the June 30th NAV was 17.8p per share

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