Following news of their first Ugandan well results turning up dry, Tower Resources Plc (LON:TRP) share price has dropped over 45%. Taking a look through Google Finance and related news they show a 13.37M Mkt Cap and plans for a second well in the pipeline. If share price is anything to go by, then confidence seems to be at an all time low. Questions going through my mind earlier today included:
- Will they strike second time lucky?
- Are they strong enough to survive if number 2 well turns up dry?
- Has the market over-reacted to the news?
- Is this as an undervalued share?
I hit the button and made my choice, hoped maybe it's of interest to you.
Click here to check out Tower Resources on Google Finance.
Article Source
BestPennyShareGuide.com
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