GREY:PLUUF - Post by User
Comment by
juanPeruon Sep 06, 2018 3:12pm
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Post# 28574442
RE:RE:Report by Haywood. Price target of CAD 3.00
RE:RE:Report by Haywood. Price target of CAD 3.00Very clarifying technical remarks.
Despite holding an mba, junior financing is not my area, neither. However, just applying common sense, is it necessary or reasonable to issue 450 million additional shares (more than x6 dilution) for a company who project an ebitda of C$648 in its first year of commercial operation? Really? I think there are much better alternatives out there.
At this point of time, for many investors a C$3 sell target to a "very high risk" investment like this is indeed a sell signal. Maybe these guys at Haywood want to buy more cheap shares taking advantage of being the only broker covering PLU.