If GMP had the number of shares outstanding correct, their valuation is only 8.9c, slightly up from 8.7c in January. They have actually decreased their target SP from 11c to 10c.
Considering this "upgrade" comes closely on the back of GMP being appointed as our brokers for the AIM listing, it is fairly disappointing. I hope they can do a better job of the actual listing....
gmp reiterates buy, page-20
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