At risk of sounding a fool,my price target for erg is 48c.
Basis-traded at these levels before losing the syd contract.As a matter of fact,even at about 1.20 there price dropped to a 1.00 based on them not winning syd.
Anyway they have won some good contracts since then
and i believe it will be reflected in there price longterm.
Govt contracts will lead to more contracts.
From these price levels there is alot more upside than
down.
