Newcastle Minerals Ltd A.NCM

RE:Canacord: new price target increased - now 18.50 Can$

[Smittle]

$10.15 US right now.  Buying opportunity.

sailor8 wrote:

Pretium Resources (TSE:PVG) PT Raised to C$18.50 at Canaccord Genuity

Posted by Trina Covell on Feb 2nd, 2020

 

Pretium Resources (TSE:PVG) (NYSE:PVG) had its price target increased by equities researchers at Canaccord Genuity from C$18.00 to C$18.50 in a research report issued to clients and investors on Wednesday, January 15th, BayStreet.CA reports. Canaccord Genuity’s price objective would indicate a potential upside of 28.38% from the stock’s current price...

source:https://slatersentinel.com/news/2020/02/02/canaccord-genuity-boosts-pretium-resources-tsepvg-price-target-to-c18-50-updated-updated.html

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Quizz:
Whom you trust more

- Canaccord which wants its clients to outperform the stockmarket and gives out such a Price Target for PVG.

OR

- shorters on this board, who bitterly need to buy more than 12 million PVG shares which they owe in form of ordinary PVG shares to brokers , where they had borrowed them for short selling.

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Shares Short (Jan 14, 2020)

12.32M

18.5 Ca$ price target minus present 14.41 Ca$ = 4.09 Ca$ plus in shareprice.
Times 12.32 Mill shares shorted  =>

a further potential loss for the shorters of 50.39 Mill Ca$ in near future .. bingo !