RE:Desjardins Securities analyst John Sclodnick... 05.20.21 Buy Initiated
Analyst JOHN SLODNICK
Desjardins
null star rating
$3.50
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All this makes for a compelling takeout target, and if it is acquired for the average price paid per ounce of recent Canadian projects, this would require a takeout premium of 37 per cent vs Friday’s (May 14) closing price.”
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Assuming AU values stay at $1500 or higher that 37% looks soft at around $4.00. Now if AU stays around $1800 US then 37% is an very poor valuation. Mind you from experinece one never gets what they think is fair valuation. On with permits and building the mine!