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0.86% $1.74 lynch group holdings limited

*LGL: J.P. Morgan boosts Lihir Gold price target by 27% as it...

  1. greyhoundtrainer
    2,338 Posts.
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    13/07/10
    10:29
    Post #: 6896201
    *LGL: J.P. Morgan boosts Lihir Gold price target by 27% as it upgrades price forecasts for gold, up 1.6% in 2010 and 6.4% in 2011. Even with 2% discount on

    Newcrest's recommended 1-for-8.43 plus 22.5 cent takeover offer, Newcrest's enhanced price target of A$44.30/share justifies upgrade of Lihir to A$5.37 from A$4.23,

    J.P. Morgan argues, barring any crisis to derail takover plan scheduled for completion in September.

    LGL Price at posting: $4.32 Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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