RE:RE:RE:..basically everyone involved in the placement raises targetMatthewZy wrote: It was a rhetorical question.
I have worked for sell side firms and its a thin wall between banking and research.
Now when are BMO, CIBC, National and BNS raising their targets? ;)
On a related note, I like TGZ but I'm wondering how 27.5M shares bought at 5.10 are going to impact the price.
I know the last statement (?) is probably rhetorical again...but...
it will eventually create an overhang that after the newbies get in due to all the upward price target adjustments, will likely tilt the buy sell equation for awhile (not in a good way). Until the impact of all the good news in coming quarters (years), relating to top line growth, non hedged gold price increases, and lower AISC, has overwhelmed the temporary overhang.
That's the popular wisdom, but of course the market always moves in mysterious ways.
MM