RE: RE Target EstimatesThe TNC web-site under the investors section has useful insights as well as price estimates from GMP Securities. (Although TIO in the past pays GMP to do an analysis on them it is suppose to be independent) Current 12 month target price last posted is $2.00.
The figure is high compared to today's value but once the units are on the ground they should start paying for themself pretty quickly so not too unrealistic. I bought some more shares at $1.09 thinking they were too low with no news out there. If the company is going to announce a bad quarter or year, then that could be a reason but I think any downturn would be short lived.
I have owned TIO shares and dollar cost averaged down over the years to about 50 cents a share and sold and bought some more shares at higher prices for some quick profits to take advanatge of weakness. I think this will be the same this time. In 3 months the stock will recover to higher levels and then I could sell the new shares I bought for a quck 20% profit and then keep my main holdigns intact for the time being.