TSXV:AZC.P - Post by User
Comment by
deismanon Aug 20, 2013 2:00pm
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Post# 21683962
RE:Dundee Securities: Sell rating and $2.30 target for Augusta Resource Corporation
RE:Dundee Securities: Sell rating and $2.30 target for Augusta Resource Corporation
Good post popo007!
Dundee also downgraded them from neutral to sell with a price target of $2.50USD on November 19, 2012 . As far as lawsuits in the USA....... well we all know our southern neighbors love their lawsuits; especially as a last resort effort.
Several important notes to draw from Dundee's review.
"AZC is not being sued."
"The Coronado National Forest Supervisor would like to make his final decision on the mine by Sept. 27"
and also AZC has access to enough funds for the rest of the year.
I've hung in for near 6 months now so I think I'll hang in at least til the end of 2013. The possible upside outweighs the possible downside IMHO