Group warns of funding ‘uncertainty’ over plan to reopen South West tungsten mine
Tungsten West, the firm hoping to reopen the world’s second-largest tungsten mine in the South West, today warned that a funding crisis could jeopardise its plan.
According to the Plymouth-based firm’s annual financial results, published this morning, “a material uncertainty exists that may cast significant doubt on the group's and company's ability to continue as a going concern”.
Shares in the firm fell by nearly 14% as soon as the London Stock Exchange opened this morning, although they recovered slightly later and by... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
