Caught ages ago but average now down to slightly more than 2.4c. A good long-termer methought.
Picked up a research report by RCR dated late October which punts URL to a s/term target of 5c, medium term 10c and talks of a NAV of 12c based on Roseby.
Copper price recovery an issue but a well-researched report in my h o containing much more detail than put out in this forum.
Presuming their research is on track and the company not controlled by the directors or major shareholders it may be an attractive gobble. The next few months (if the copper price stays there or goes forward) may be interesting. Much easier for the big guys to run rulers over oversold minors and strike than mess with the risk of new exploration.
Makes sense to me. Why do a financial deal and share the growth when you can take out the short-sighted for peanuts?
Plenty of juniors out there fall into this category. Finding some of them could fund your retirement. BCN, MEP and CBH spring to mind. Any others passed on in this thread most welcome - can't cover them all.
DYOR.
URL Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held
