NanoXplore Inc T.GRA

From my files, cruel and unusual punishment

[templetooth2]

I thought I had a much thicker file on NanoXplore than I actually do, but nevertheless, I dug up an oldie but goodie. This is from a research note dated Jan. 31, 2022. The price at the time was $4.95 and the analyst's 12-month target price was $13.75.

"Our valuation of NanoXplore now contains two parts: the NanoXplore base graphene business and the VoltaXplore EV battery business. Our graphene business valuation remains unchanged based on four 4,000-tpa graphene production plants running for the entire FY24. Our margin assumption remains US$7.00/kg. Using a 20x EV/EBITDA multiple and 5% discount rate (both unchanged), our graphene business one-year target remains unchanged at $13.75. Our valuation of VoltaXplore adds $5.00-$7.25/sh of upside optionality to our current target price (assuming a 2 GW starter plant receives  go-ahead approval by the board). We maintain our Buy recommendation."

Now of course a company cannot be held responsible for what a stock analyst writes. No one is suggesting that. On the other hand, did this poor fellow just dream up four 4,000-tpa graphene plants out of the blue?  Or did NanoXplore drop some strong hints that this was eminently and imminently do-able?

[1student]

Templetooth2, Since you are likely speaking to the works of Paradigm Capital Senior analyst, J. Marvin Wolff, perhaps you can turn around and ask him whether he did just dream up four 4,000 tpa graphene manufacturing capacity plants out of the blue or whether J. Marvin Wolff clearly may have misinterpreted information obtained by way of his participation in one of those perhaps private post