Agreed, not smart to blindly follow an analyst report, even more so to follow a post on HC!
Yes, enormous profits have been made on the stock, some let go at 50c, some $1 and so on and so forth. Arguably the smartest are holding on for the greatest prize (Highland Park ex lion ore, Wusaty and project vendors are holding tight).
Uplift comes in on Vista South project (not even in the calculations) as well as recently acquired land, long term plans for even greater port expansion mixed in with securing long term thermal coal supply being of national importance to China / India etc. Alternative funding scenarios should be considered, including the sale of a portion of Vista @ perhaps project NPV rate (10-20% for $200m - $400m) together with offtake rights, with the remainder debt funded...i.e. no more share dilution.
Anyway, not my intention to talk anyone into my way of thinking, just wanted to "update" your model and provide an alternative optinion.
In any case all the best to EOC holders...
All IMHO only
EOC Price at posting:
43.5¢ Sentiment: None Disclosure: Not Held
