TSXV:ALV - Post Discussion
Post by
Ladrian on Apr 10, 2021 9:24pm
Trickle Research Conclusion
This is, in our view another marked validation to our thesis. From our perspective, additional reserves represented one of the few remaining cogent risks in the story and these results are mitigating in that regard. Frankly, this provides a basis for higher price targets as well and we will revisit that shortly. For now, we reiterate our
allocation of 6 and out 12-24 month price target of $1.35 per share. This is highly positive information and while the stock has responded modestly to the results, we believe the stock clearly remains under the radar.
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