Comsec had a price target after the recent rights issue at 57 cents.
The target included a disoount of 20% due to uncertainty around the barging operator....
The rain has stopped, production is improving, as is cashflow.
Upcoming news around a JORC resource increase looks likely.
The buyers look to be building around 36..
MC is $233 million and back in 2012 Meijin's (withdrawn) takeover offer was at $1.08 for a MC of $435 million.
The company has come a long way since then.
Time to look forward Mr Market!
Next week has to be better!
Ann: Investor Presentation , page-7
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