Ambrian Partners in the U.K. have initiated coverage of Tiger Resources,
following a site visit, with a Buy recommendation and a price target of 51
cents. They emphasise that this target does not ascribe any value for cobalt
credits or exploration upside. Bear in mind that this valuation and report
was written prior to confirmation of financing which they seemed to regard
as a given. And so it has proved.
I had no idea Tigers had any following in the U.K., so it was a pleasant surprise
that it was not only followed, but it was being analysed in depth by a respected
company in Europe.
Seems to me that a serious re-rating is on the cards, and not before time.
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