RE:The Warke strategyI'm not disputing Warke's likely end game strategy here. Fact is, I would welcome a takeover at a nicely higher price.
I see lots of analyst targets at the $20 level. How do they arrive at that number? I think I've pointed out some very obvious flaws in the Beacon report, and when I, a rank amateur, can see these problems, it should give everyone pause. I have yet to see anyone provide an explanation for the points I raised.
A second (and secondary) problem I have is the 'target'. This is universally understood to be one year hence. So does the analyst expect the price to shoot up to $20 or $23 or whatever calculation of unexplained net asset value, and then flatline for 3 years as the mine is constructed? What?
Does the mining world work that way?