It's such bad advice. It is transparently just saying to their...

It's such bad advice. It is transparently just saying to their clients "trade don't invest", and that's a terrible piece of advice because most people will lose money that way. Where's the fundamentals in that recommendation? Will they shift it to buy now that it's 23c?

One has to be keenly aware of the difference between target price, and valuation. To my mind, until there is something fundamental that changes the situation, I am holding. My calculations are showing around 31c of value with plenty of upside potential - noting this is a long term buy-and-hold play with operational and capital risks. Morgans is correct to flag that there are risks, and perhaps at 25c there is too much risk relative to the potential payout to buy? I am not buying at that levels. But it doesn't make me a sell because it simply reaches fair valuation, it'd need to exceed it by a fair margin before I trimmed.

GLTAH. Hopefully we can get an update from management soon.