Interesting that Shaw & Partners released an updated report...

Interesting that Shaw & Partners released an updated report today which is positive overall with a few assumptions and hard to find any negative narrative.

They are forecasting a large cap raise at 1c of $70 million, way more than the mooted $25m as a means of reducing debt while expected upside in production with long term thematic of Indian demand being strong.

revised forecast reduced to 5c 12 month target based on $70m CR. (Be interesting to see if their CR forecast is on the money)

This is just one broker coverage & forecast - but they have made no updates for some period of time & suggest they been waiting for Management actions before updating their outlook. (As a member unfortunately bound by conditions & not permitted to re-publish in part or full. However found report commentary to be favourable overall).

feeling more comfortable at end of week than the start the week