image

The best stocks to buy since 1993

Latest issue now available

Hargreaves Service - Tungsten West IPO leads to 6% upgrade

November 2021

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • HSP
  • Price:
  • 450p
Since my write up in July, Hargreaves’ share price has been as high as 580p but the shares have retraced on profit taking. This month brought further good news with the IPO of Tungsten West (TUN; 83p) where after the failure of the previous owner of the mine, Hargreaves stepped in to acquire certain assets from the administrators, including mining rights.Tungsten has just raised £39m before expenses at a price of 60p per share. The proceeds together with £36m of project financing, means it is fully funded to bring the Hemerdon tungsten mine (the world’s fourth largest tungsten resource) back into commercial production.It means Hargreaves is now set to receive a £1m royalty for eight years (first ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

LIMITED PERIOD OFFER!

SUBSCRIBE TODAY AND SAVE £30 WITH OFFER CODE 30OFFSCSW

To access our archive of articles and to receive current issues you need to subscribe