Post by
HARJAY on Jun 20, 2024 9:02am
FYI - From a recent analyst report
We view Solaris as one of the premier exploration/development-stage companies in the copper sector. We believe that it has a strong treasury and management and technical teams and an undivided interest in a cluster of porphyries on the Warintza property. Moreover, we expect copper M&A to continue to be a key theme in the coming years and believe fully permitted, low-capital-intensity projects will continue to be highly sought-after. We have updated our model to reflect the recently closed equity financing. Net of this and other minor changes, our corporate NAV10% decreases to C$27.37/share (from C$28.48/ share). Our target price decreases to C$14.00 (from C$/17.00) on our lower NAV and multiple that attempt to reflect the recent pullback in the copper price
Comment by
masterthink on Jun 20, 2024 10:44am
NO ISIDERS BUYING EVEN AT $4.00..THEY STARTED TO BUY AROUND $3.80 IN THE PAST. SOMETHING IS STINKY HERE AND iCAN'T FIND OUT ANY EVIDENCE...