Jervois Global Ord Shs V.JRV

Optimistic?

[learning123456]

"According to the 2 industry analysts covering Jervois Global, the consensus is that breakeven is near. They anticipate the company to incur a final loss in 2021, before generating positive profits of AU$30m in 2022. So, the company is predicted to breakeven approximately a year from now or less! How fast will the company have to grow to reach the consensus forecasts that anticipate breakeven by 2022? Working backwards from analyst estimates, it turns out that they expect the company to grow 60% year-on-year, on average, which is rather optimistic! If this rate turns out to be too aggressive, the company may become profitable much later than analysts predict."

Jervois Global Limited (ASX:JRV) Could Be Less Than A Year Away From Profitability - Simply Wall St News

[farml1234]

only way this mine not to be profitable is back pocket stealing by management .   JMHO

[Buyreallow]

I don't think 60% year on year for 2022 is optimistic.   Jervois Finland alone will provide 50% growth.  Remember we started 2021 With no income whatsoever, so a pretty small base in 2021 to compare to.