CAS 0.00% 0.0¢ crusader resources limited

New broker note - Hannam & Partners, page-2

  1. 1,584 Posts.
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    so lets imagine that this broker report is right for once, just some rough calcs, please let me know if this isnt the way to do it,

    ill use the SP of 18 cents cos thats whats were converting to stratex at (correct me if im wrong)

    current sp of stratex is 1.15, target price 3.18, = 2.76 times current share price,
    2.76 times .18 is 49.77 cents,

    which is 4.52 bags from here.

    thoughts?
 
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