Well he could be right very short term. If the cavalry ( NIHL settlements) is on the horizon to fix gearing ratios - show goood profit to - then it is investable and $2 is a reasonable target in a year.
If gearing ratios fixed and we are transported to a time when underlying base profits are $160M
.........and that could be this time next year .......then he is way out.
Nobody with half a brain should rely on my speculation and dot joining as advice .
Mel
SGH Price at posting:
42.0¢ Sentiment: Hold Disclosure: Held