RE:RE:RE:RE:RE:RE:Eric Nuttall Trashed Kelt today..Dont confuse nuttall with a analyst. A fund manager puts his money where his mouth is. An analyst is a wet behind the ears finance grad that has no skin in the game.
He is generally successful because he knows the business, is nimble and, like you said, switches horses.
Grandcentral wrote: Think independently - For Nuttall to try and reroute investment to one of his holdings, because Kelt's horizon for massive growth is "too far out", (less than nine months), his advice is more than questionable. The stock market was originally developed for companies that couldn't get conventional lending, so went to the public - weighing a 9 month incubation period for a company that could very easily triple is a no brainer buy.
It's entirely possible Nuttall and his Baystreet connections are trying to keep a lid on Kelt, so they can time their play to suit them. There continues to be strange sell walls - typical short style selling, to scare buyers and entice sellers to post a lower selling price so an order has a chance.
Good news is, every other analyst has a buy on Kelt, and they are watching it closely. Get them more data of what's in the ground, and nobody will be able to hold it down. Nuttall is like the car salesman that talks down your trade-in, because he wants an extra good deal on it for his personal use.
RBC target $3.25 buy outperform (to be revised March)
Scotiabank $3.00 buy outperform (to be revised March)