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The latest update is out from Tungsten West Plc ( (GB:TUN) ).
Tungsten West has published a circular convening a 30 January 2026 general meeting at which shareholders will be asked to approve amendments to its articles of association, the creation and allotment of a new non-voting class of B Shares, and the establishment of share option and incentive schemes. The B Shares are designed to settle around £12.9 million of outstanding convertible loan notes held by major investors Lansdowne, Drakewood and Henry Maxey without triggering a mandatory takeover offer under the UK Takeover Code, while giving those investors economic rights equivalent to ordinary shares but without voting rights until conversion conditions are met; the board argues the move will remove an expensive financing overhang, ease restrictions on future fundraising, and is unanimously recommending shareholders vote in favour of the resolutions.
The most recent analyst rating on (GB:TUN) stock is a Hold with a £11.50 price target. To see the full list of analyst forecasts on Tungsten West Plc stock, see the GB:TUN Stock Forecast page.
Spark’s Take on GB:TUN Stock
According to Spark, TipRanks’ AI Analyst, GB:TUN is a Neutral.
The score is primarily weighed down by weak financial performance—ongoing losses, negative operating/free cash flow, and a FY2025 shift to negative equity with higher debt. Technicals are mixed with no strong momentum signal, and valuation is constrained by a loss-making negative P/E and no dividend yield data.
To see Spark’s full report on GB:TUN stock, click here.
More about Tungsten West Plc
Tungsten West Plc is a UK-based mining company focused on restarting production at the Hemerdon tungsten and tin mine in Devon. The group’s activities centre on developing this strategic tungsten and tin asset, positioning it within the critical minerals supply chain and the broader industrial metals market.
Average Trading Volume: 911,358
Technical Sentiment Signal: Buy
Current Market Cap: £82.17M
For detailed information about TUN stock, go to TipRanks’ Stock Analysis page.