This recent interest is exciting seeing the SP move, but once Greenfield is fully operational in 1.5-2.5 year, $4.5 represents a deep discount for Aurora.
My estimates are that the company will be doing over $100 mill npat with a +$2 billion market cap, putting the SP at +$20 in a 2-3 year time frame.
That takeover price at $4.5 would represent a +5 X return in a 3 year period, I suggest that management shouldn't consider until at least $9 as where else can shareholders find a CAGR at 80% for the near future (3 year horizon).
This is a risky stock, but if the stage 3 Greenfield facility is has the production capability as it states on the most recent investor presentation, $4.5 would be a gross injustice to shareholders.
CAN Price at posting:
$3.55 Sentiment: Hold Disclosure: Held
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