RE:RE:RE:RE:RE:RE:WainwrightDrhoho wrote: Kha, as for Morgan Stanley's analyst Carlos de Alba and, for that matter any analyst worth his/her salt, the market success of their evaluation and projection prove to be the proof in the pudding, not withstanding how positive or negative a CC may contribute to their overall evaluation. So far, and I emphasize "so far", de Alba's 31 February equal weight downgrade target of C$11.40 is ~C$4.00 underwater, with an even more significant % number drop. The market, currently at least, is telling him and all of us that his analysis of LGO sp is way off base. We shall see if things get better or worse for Mr.de Alba’s analytical skills vis-a-vis LGO.
On 31 Jan 2022 Carlos de Alba dropped his 12-month PT from C$18 to C$11.40. The sp closed at C$10.97 on Feb 25.
Now that the sp has moved up to the C$15 range I hope that he will upgrade his 12-month PT soon unless he doesn’t believe in the ability of management to deliver the growth plan. I have a lot of respect for Carlos. His pressing questions allowed us to discover the iron ore lies. With regard to the sp I’m not sure about its direction until the Q1-22 results. The ability of this management to mess things up is not to be underestimated. The prices of the benchmark Euro V2O5 have nothing to do with management performance while the sales volumes are. And the Q1-22 sales volume is expected to be even lower than the Q4-21's.