GREY:MAAFF - Post by User
Comment by
CapeBretonon Jul 24, 2010 1:14pm
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Post# 17294337
RE: MAA Upside/Downside
RE: MAA Upside/Downside
downside hopefully is not far from we are, most analysts give this company at least 50 cents a share based on its other operations, and the market has decided to give no credit to any potash deal until the deal comes through, having said that the company is not flush with cash and if there is no deal the market may drop it another 30% to 20 cents a share, the upside is harder to guage, since the sp has drifted down so obtaining a big jump might be harder, depends on how complete the deal is and if there is any rise in sp this week on some speculation. I do suspect the share price will at least go to 35 cents this coming week, may hit to 40 cents before Friday, and IF there is a deal we could see a jump to 70 cents. Many analysts give the sp more than a dollar if the deal is complete and good for Mag.
just my opinion from having owned the stock in and out the past 2 years. would love to hear others thoughts