Steuart McIntyre's report for Blue Ocean Equities, in citing...

Steuart McIntyre's report for Blue Ocean Equities, in citing $1.40 as a target was obviously taking into account ASX 300 inclusion?
Be interesting to see how close to the mark he is.
The first Company to sign a significant Western offtake, will in my opinion, 'blow the lid' on the enormous pent up tension in the sector - for this reason alone, I can visualise the SP clear of the $2 target, then possibly settling a little after initial excitement and profit taking.
Blue Ocean have clearly researched Magnis thoroughly. They would have had in depth discussion with management before recommending as a 'high conviction buy'. Seems that they are convinced that an offtake is in the offing, otherwise they would not risk their reputation in being so forthright.
Am trying not to get as excited as Big Kev, 'cause the outcome wasn't too good!

Don.