Not sure what else has been posted.....but the brokers valuation of $2.20 per share is on a risk adjusted NPV basis. (means worth of the share price today, or at least end of this year).
The broker is more bullish than myself, in many respects - because he has "risked" the chance of success at just 20%. The confidence of management and information presented here - in my view, puts the chance of success, much much higher in my view.
Any % movement in that risk weighting, always or generally means a commensurable increase in NPV …..in very simple terms therefore, a movement in perceived chance of success to say 60% would mean a broker revised risk adjusted SP end of year of …..(you can work it out, even I think it might be a bit higt.
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Some really good news out of the resolutions for up coming AGM. No time now or tonight, so who else can make the deductions, given time gap between AGM and big 22 Nov announcement. ?
Engagement., page-10
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