GREY:EORBF - Post by User
Post by
Gerry001on Apr 05, 2012 3:39pm
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Post# 19764768
Nice target price
Nice target price 2012-04-05 07:42 ET - In the News
The Globe and Mail reports in its Thursday, April 5, edition that Jennings Capital analyst Ken Chernin is keen on Orbite Aluminae ($2.23). The Globe's Jody White and Darcy Keith write in the Eye On Equities column that Mr. Chernin continues to rate Orbite Aluminae "speculative buy," with a target price of $11.50. Mr. Chernin says Orbite Aluminae's memorandum of understanding with the world's largest aluminum company should mean good things for the company's shares down the road. Mr. Chernin says Orbite Aluminae and Russia's UC Rusal will invest in a joint venture to construct the first smelter-grade alumina production facility employing Orbite Aluminae's technologies. Mr. Chernin says the deal mitigates commencement risks and should shorten Orbite Aluminae's learning curve, as well as lend a shot of credibility to its technology. Mr. Chernin reiterated a "speculative buy" call on the stock in the Eye column on Dec. 1, 2011. In the item the analyst hiked the price target on Orbite Aluminae to $11.50, up from $8. The stock could then be had for $3. The shares have a one-year range of $1.28 to $5.69.