Neo Lithium Corp V.NLC

RE:Canaccord Upgrade

[RuudinFrance]

retiredcf wrote:

Canaccord Genuity analyst Katie Lachapelle raised her target prices for a series of companies tied to lithium in response to increases to the firm’s price deck.

On Tuesday, Canaccord raised its lithium priced forecast by 22 per cent with its 2022 and 2023 estimates rising by 48 per cent and 10 per cent, respectively.

“While we had expected prices to move higher, current prices are now 30 per cent above our Dec. 2021 forecasts, (huh?) with hydroxide pricing having exceeded our previous peak pricing assumption,” said Mr. Lachapelle.

Her target prices changes were:

* Neo Lithium Corp. ( “speculative buy (?)”) to $6.50 from $6.25. The average on the Street is $6.10.

“Neo Lithium continues to provide investors with strong leverage to rising prices at an attractive valuation (0.79 times NAV), with numerous upcoming catalysts including the receipt of final construction permits, a Feasibility Study, and a potential offtake/partnership agreement on deck,” she said.

Is the above a copy/paste text or retyped?

They've shown before that their pricing is low.
$6.50 in a year's time?
They'll be in for a surprise again, I'd say.

Have fun.