Ascot Resources Ltd T.AOT

Projections Are Dropping

[TrueGold]

........... but at least it looks like a double job in 12 months. Hundreds of shareholders will still be in the RED in a year.

Ascot Resources (TSE:AOT) had its price target cut by analysts at CIBC from C$0.90 to C$0.85 in a research note issued on Friday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s target price would suggest a potential upside of 104.82% from the company’s current price.

Separately, BMO Capital Markets reduced their target price on shares of Ascot Resources from C$1.25 to C$1.00 in a research report on Monday, November 13th.

[Shadow10]

I don't put a lot of faith in these analysts. CIBC analysts Allison Carson who you are referring too has a 0 out of 12 successful ratings. BMO  Brian Quast still is maintaining our outpreform rating. I'm not worried about this, what mining companies have gone from JV to a producing mine without having sum issues. I still think we will get  a very good return on our investment. It

[Horsesmouth2U]

Who exactly are you speaking for when you say...."I still think we will get a very good return on our investment." Yes those getting in from .33cents to .43cents over the last month should end up with a double job in 12 to 18 months and maybe more in the years after that. There are a lot of shareholders that have been in this for 15 to 20 years watching this go from 110MM shares

[wildhorse65]

Very true! The people who's money was used to get this far, are in a bad way if they have never averaged down and traded it. There WILL be more dilution. The last update by Deryk was that they needed another 50 million. This will drop in price again because people are losing confidence daily. "Production" will do little to change the price. Deryk stated that nothing ever goes

[Shadow10]

Wildhorse65, you have mentioned a few times that Newmount and Ccori Apu are together in Peru and that you think also that they will join together to low ball Ascot. I have being trying to find out that they are togehter in peru with no luck. Where did you get your information? I would think that if Ccori Apu wanted to put in a sink bid they wouldn't be alllowed to vote as they have two peole

[wildhorse65]

No, I don't think that Ccori Apu is going to "team up" with Newmont. I'm saying that Ccori Apu likely has a fairly respectable position in Newmont Peru. They don't have to be on the NP board to be a significant shareholder nor do they have to hold their shares under the name Ccori Apu. They 'are' Ascot's largest share holder. But, Sprott was big and they changed