RE:RE:Peel Hunt Stock Recommendations and Price TargetsDTS, analysts are similiar to weather forecasters in the sense that they base their expectations of events on the information they have before them, and just like meteorologists, analyst's comments often change like the wind
The only difference is often analysts are paid by the compnaies they are reporting on.
Basically boils down to another tool in the tool box when trying to make informed decisions.
With the recent dramatic increase in Gensources shareprice the past few months, there will be those that have held since the single digits looking at selling a portion of their positions as profit is the name of the market game, and some would now be holding a 5 bagger.
Things are going really well right now for GSP, and one could assume after the AIM listing on the London exchange is active, that may bump the price further from those investors across the pond jumping on board.
If GSP is able to announce the $100 million equity completion, that will also have a very positive affect on the share price, so hopefully that is in the works.
If GSP can confirm their downhole technology can result in enconomic viability, who knows where this will go, as they will be the first to perfect it in Saskatchewan.
Exiting times for sure. but as they say, the most difficult part of investing is knowing when to sell.
Cheers