Mining firm’s CFO quits with immediate effect weeks after ‘going concern’ warning
The chief financial officer of Tungsten West, the firm hoping to reopen the world’s second-largest tungsten mine in the South West, has resigned with immediate effect three weeks after the business warned a funding crisis could jeopardise its plans.
Alistair Stobie, who had been at the Plymouth-headquartered firm for just under two years, has also resigned as a director of its board and all its associated companies.
Earlier this month Tungsten West’s annual financial results revealed a “material uncertainty” existed that... 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...
