8.25 CAD !!!
We believe it also increases the likelihood
that ADM acquires Burcon at some point going forward. Burcon has been a sleepy story
for some time and we expect this news should increase market awareness and interest
and drive the stock higher. The ADM deal has always been a potential company maker and
we are now another step closer to that reality. We maintain our Buy recommendation,
with a new target price of $8.25 (from $7.00 target), based on DCF.
PARADIGM Cap. spring 2014