Originally posted by geo_au
http://www.axiom-mining.com/irm/PDF/2713_0/BeaufortSecuritiesHighmarginlowcapexspecialopportunity
Geo if you look at the small print at the bottom of each page you will read:
"THIS RESEARCH BROCHURE IS A MARKETING COMMUNICATION: It has not been prepared in accordance with legal requirements designed to Page | 4 promote the independence of investment research and is also not subject to any prohibition on dealing ahead of the dissemination of investment research, although as a matter of policy Beaufort Securities Ltd requires its employees not to deal ahead of the dissemination of the reports."
The company, using shareholders funds has paid Beauforts to write this for marketing purposes.
Geo, note how wrong Beaufonts were with the target price in January 2017 . Price: A$0.16 Target Price: A$0.31
If you had followed Beaufonts recommendation you would have lost around 60 % of your money.
Also, read the article and note how Beaufonts statements/forecasts bear almost no reality to what has occurred in the 2 years since.
My recollection is that Beaufort's is a firm RM worked for as a stockbroker, I would be interested if other HC posters can verify this.
