In my experience target prices set by these investment firms are somewhat unreliable. RVR's target prices have been revised down for sometime. I don't know what time frame they have in their forecasts nor do I know how they reach their price points - but I do know this - their predictions are often way off reality. I mean did anyone forecast a price for RVR as 5c and conversely did RVR hit their predicted highs???
I set a price point for myself - stick with it and when it reaches it I will bail. That price point is nowhere near currently and is somewhat higher than the 'revised' figure as per Canaccord. It won't happen overnight but I treat this as a term deposit - with a difference - term deposits are time based, whereas share targets are both time and target price based.
RVR Price at posting:
5.7¢ Sentiment: Hold Disclosure: Held
