GREY:AVGCF - Post by User
Comment by
inventorson Jun 10, 2011 8:22pm
485 Views
Post# 18701770
RE: Target Price Question
RE: Target Price QuestionThe only target price reflection is that I can give is what was relayed on BNN last year when the sp was near 0.55.
The guest mentioned that the sp will go up to 2.80, then 3.50, and then probably get taken out near 4.50.
Not bad call and was one of the rare risks for me that really proved to worth investment.
Recent target prices of 2.25, 2.50, and 2.80 seem realistic now, lol?
The sp could go to 2.25 now, before retracing to 2.00, but by this fall, the sp could reach 2.80.
Who knows for sure, but AVr is sitting with a great cash position, good revolving credit, and a top pick from sprott.
AVR should be close in attracting some institutional investors, which would really be a bang, lol?
I will probably take the 75% rule and bail anywhere near the next target price?
The big question is when they place a target price, is that peak sp, or a leveled sp?
The bull flag pattern does seem to be in break-out formation, but... who knows?