Good potential for revised target upgrades. I think it's safe to say that the price targets set by the analysts are fairly subdued. And maybe that's justified. I think we can all agree that it's taking longer to hear what we all would like to hear. I have a suspicion that Mark has had offers but decided to reject them. He's made it pretty clear that he doesn't want to "give away" the company nor dilute it to oblivion. I'm going under the assumption that news is coming. I also think Marks delays are allowing for more pieces of the puzzle to be put together reflecting a more positive/complete picture. Actions like this can devastate a company if markets turn against them. Sometimes when the offer is gone, it never comes back. Or at least not at that price but a much lower price. I think there's a good chance this is one of the times investors are going to benefit by these actions.
My belief is this thing is going to get proved out and built. When the news confirms this, it will finally convince everyone that this is the real deal. And I think there are alot of people waiting on the sidelines for confirmation. Remember what I wrote earlier. People feel safer waiting for confirmation and gladly pay more for that. My point to all this, is that this is so unloved at the moment that we're about to witness a major re-rating. If that re-rating comes, forgot all the targets I've given. Everything is going to have to get revised.
Every once in a while there's a company that turns into the darling of the index. I think this will be one of those times.
Wishimg everyone an excellent weekend. Fingers crossed for Monday morning. GLTA