Forsyth Barr have came out today with a 1.60 price target and they see positive news flow over the next 6 to 12 months. This thing is a beast ! Its low for the year was 7 cents. We are now 14.5x off of its year low, with a bit more to do, so it would seem. From a portfolio management view point I will probably look to slice the top off my position somewhere between here and 1.40, then ride the balance until it is taken over or gets a NASDAQ listing.
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Analysts pick Pacific Edge to double in value, page-13
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Ronald Miller, Non-Executive Director
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