RE:This makes no senseMOshowme wrote: Nickel Deposit Shows 'Impressive' Metallurgy (streetwisereports.com) Saw this article about CNC in Streetwise reports. They predict at $1.49 a share that shareholders will make 118% on their money meaning a share price in the low $3 range. I know there are other gurus saying the stock will hit back in the mid $4 range.
What happened to the $6-$9 predictions when CNC hit around $4.50 and there only substantial results they had was Crawford and now with major findings, a new heavy duty partner, and with extensive impressive results and many additional properities they are considered a nickel camp and no one wants to predict higher than $4 bucks. I want to ask these analysts what drugs they are taking.
This hanging around under $2 a share is getting very old.
What happened to $6-9? Good question. People ask similar questions about Carnival Cruise Lines. It was once a $60 stock, now trading at $9.00+. They were asking when it will go back to $50. The answer is not for a very long time as it's not the same company as it was before the Pandmeic. There's now double the amount of shares outstanding so the old $50 per share would equate to $25. When you add double the amount of water to your ornage juice, it doesn't have the same nutritional value. There's this thing called dilution!