Moro- It has been long promised i.e over a year but I think it will not go ahead which in the long run is better for us. Snorkel is growing nicely and SEV will open its new factory in December down in the Bronx hood. If any American investors want a piece of SEV they will have to buy TAN shares which is fantastic for us. There are unanswered questions such as ; where did the money go ? why does it take a year to kit out a new factory ? what results have SEV had etc etc
I think this means that Worldspread had to close some short positions early dumping a load of shares onto the market hence the drop. This drop is nothing to do with TAN for once though it mights still have some more to run.
Courtesy of Johnnytooslow on iii 'Friday's suspension of shares in Worldspreads (WSPR) had an impact on Tanfield's share price later in the day, as some Worldspreads clients have big positions in TAN, and in some case hold similar big TAN positions in other accounts, which they are having to quickly adjust. It will likely have a further impact on Monday, ahead of Tuesday's expiry of quarterly spreadbets. If anyone here holds TAN bets with both Worldspreads and with IGindex, it might be worth them following this idea posted elsewhere:'
Welcome back...........after 5 bad years that nearly brought TAN to a closer,we can finaly say that the company has turned the corner...........like you said ,SNORKEL growing order book,and the huge prospect of SEV,TANcould be good recovery stock ......ATB.........
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