Brieger on BNNAs usual, Mr. Breiger had nothing bad to say about Scorpio this evening. He said he was really happy with the cash flow estimates, management, and was expecting them to either open a new mill with excess cash or further expand the existing mill. Also, he said the Platte area was being analyzed as well.
He still maintains his $2.50 target price, with $2.00 being his end of the year price. Also, if you remember back to last time he was on, he did admit that he would take some off the table at 2 bucks, but he holds a ridiculous amount of shares and that he would still hold a lot of his position.
Also, he said he bought another 20,000 shares at $1.34 as well, so he is definitely committed at these levels as well, and he isn't just living off the gains he has earned from his cost base of accumulating for the last 3-4 years.