Im going for 5 dollar targets.
Yea i know thats high but i do not think the market understands the manipulation here.
Fundamentals - very very rough
5 dollars is a Market cap of 2b, thats not alot so no i dont think 5 is unreasonable.
When the posco funds are released, the market has no choice but to price the remaining 75% at near say 900m
When a JV partner is announced for SDV in November, that 900m valuation will need to be priced higher due to the reduced risk in development (note POSCO bought 25% of undeveloped assets)
Add that we have 1m to 1.2m new market cap being factored in 2 months or so..
Today we are 800m, as you can see, 5 dollars is not that irrational
Imagine if the JV is with Mercedes or an autoplayer who doesn't have a partner = Boom
Technical side
Two Charts
this is a flag and pole formation for reference:
Chart, page-10522
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