PLS 3.17% $3.05 pilbara minerals limited

Broker target $1.20, page-29

  1. 3,135 Posts.
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    Anyone got their number? I’d be happy to sell them some at even say a 15% discount to their suggested last price. I’d even be happy to then buy some more on market and sell them again and again. Heck I might even be happy to borrow some at the actual current price on market, sell those for circa $4.00 and then cover my “loss” by buying more on market to give back to my lender (is that what the shorters are up to?).

    What am I missing here? How does a target of $4.50 mean anything in light of a suggested last price of circa $4.00?
 
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