K92 Mining Inc T.KNT

Desjardins price target

[mp3seeker]

BNN just said that Desjardins put out a price target for KNT of $11.95, that is what I think I heard anyways.  They said is was over 50% higher than the current market price.

[BlindBoy]

you heard correctly. The Globe and Mail reports in its Saturday, Nov. 27, edition that Desjardins Securities analyst Jonathan Egilo rates K92 Mining "buy." The Globe's David Leeder writes in the Eye On Equities column that Mr. Egilo has named K92 Mining his "top pick." Mr. Egilo targets the shares at $11.75. Analysts on average target the shares at $11.36. Mr. Egilo says

[merlin991]

Good one BB.  My trusted advisor sent me it earlier. He is why I am in K92. Thinks this is going places big time. 5-10B in 2-3 years. Just have to wait out all the market noises as it decides to crash and sink. 

[BlindBoy]

good choice of wording :)  "Just have to wait out all the market noises". that's absolutely an apt phrase for a time like this. It's not very common to see a junior company succeed in developing its real assets in the manner that K92 has been undertaking; that is, initiating production, eliminating debt, expanding resources, while simultaneously self financing future

[merlin991]

Absolutely BB. This is a testament to the management but also a great situation where they basically were given an almost functional mine with all the trimmings. Usually debt and financing just ruins a company and eventually a big guy rescues them. It's dog eat dog out there. But Tookie and co have steered this right and kept the dogs at bay by being patient and fiscally astute.