RE:RE:Very good swap deal.........Excellent news !Lurk & Learns & Proselenes: The plethora of recent positive news must be PB's way of wishing us a Happy New Year!
And while the timing/timeline of its/their monetization may be elucidated as we go foward, Lurk & Learns are reminded that "cautious optimism" should be the order of the day.
Meaning, while many on other boards appear to have easy "kick a$$" solutions to "project delivery slippage" based on their own (first & second world experience) the patient few have come to expect the "execution risk" to be a Trini reality;
HOWEVER the recent "excellent news" can significantly increase the intrinsic value (aka TO attractiveness) of a company's assets. If and only if an exploration Touchstone inflects to a SUCCESSFUL development and production company. But how long would PB be prepared to wait for that day the recent ("country risk") develpments in Brazil not withstanding.
BWDIK? We now with Malcy's Comment we have someone with a target price that replicates camilles recent $3.00 EOY prediction.
"Now that along with moves like this announced today, together with:
- the successful bringing on of Coho last year and the
- imminent delivery of Cascadura and of course
- Royston to come means that
- a fully funded TXP can justify a Target Price of 200p per share and as I write the Bucket list for this year
- I am inking in the company with its substantial potential upside. ..........
GLTAL GLAP Caveat Emptor
Cheers
Stanley