Teknomining hits rock bottom

Report claims that previous reports of promising findings were 'misleading and inaccurate', writes Fearghal O'Connor and Samantha McCaughren.

4th May, 2013
Original directors Nial Ring, Michael Holden and Liam McGrattan at the launch of Teknomining in 2010. Photo: Bryan J Brophy

A small company with grand ambitions to mine for nickel and copper in Turkey was launched on the little-heralded Plus market in London three years ago at just 9p a share.

The main brokers didn't deal in the shares of Teknomining, which is registered to a small office in Ballybough, North Dublin. But that didn't stop 360 investors, mainly Irish, putting thousands of euro into the company.

At first their leap of faith seemed to be...

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