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MC is $233 million and back in 2012 Meijin's (withdrawn) takeover offer was at $1.08 for a MC of $435 million.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!
Comsec had a price target after the recent rights issue at 57...
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
