Continental Gold Limited New CGOOF

Target prices

[Masterbuilder]

This morning I took a quick peek at the actual TD Securities research report on CNL dated Sept 17th. The target price has been reduced to C$4.00 from C$5.50. The analyst foresees the Modification of the EIA being dovetailed with the Feasibility Study that is targeted for completion in Q2 2016. Cash is C$39M with 130M shares outstanding, so there is roughly C$0.30 cash per share. Rating is still SPECULATIVE with a long list of risks to target price.

I am waiting on Clarus and GMP reports.

Poking around on web: 
Sept. 1 > Scotiabank lowered from C$4.50 to C$4.25
July 18 > Dundee Securities lowered from C$5.00 to C$4.75.
 

Reference: https://www.dakotafinancialnews.com/td-securities-cuts-continental-gold-price-target-to-c4-00-cnl/437386/#ixzz3nPkdofbo