Okay, having read on the recent capital raise that "The...

Okay, having read on the recent capital raise that "The Placement was co-led by Canaccord Genuity (Australia) Limited and Bell Potter Securities Limited.", I understand why Canaccord have such a high price target for a stock that is generating big losses and clearly in need of a capital raising in the next 12 months.

You gotta spruik the stock if you want to keep your position as the one to collect the fees to do the capital raising.