Critical Elements Lithium Corp V.CRE

Canaccord increased target price from $3,50 to $5,00 EOM

[Montreal10102]

Canaccord increased target price from $3,50 to $5,00 EOM

[Redgy101]

Do you have the link.Please.:)

[blaggers]

This post has been removed in accordance with Community Policy

[Wheeler]

Thanks for posting this Blaggers, though  I'm surprised to read that CRE is trading at 0.6x NAV, I thought we were trading around 0.25x NAV.  At 0.6x our 1.9B US NAV our SP would be more than $5 US. I wish!

[kakoo88]

You make a good point Wheeler, I think CG are using their own NAV calculation for CRE.  Slowly but surely creeping up their price target. I will take it. Let's hope for a big name and big money!  Cheers to all longs!

[vartanyanas]

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[Wheeler]

It's worth noting, though I'm sure most folks here know this already, CG's target SP upgrade to $5 is based on a 50/50 debt/equity financing split, and their proposed equity raise was based on the SP at the time which was $2.70. It's now 2.87, a 6% increase. As our SP rises, CG's target price will, in turn, also increase and dilution will decrease. That of course is just CG'