Agit..I don't have a crystal ball or any method of seeing into the future ..so I never say no to any analysts predictions ..who knows what price Pen will be in five years?Can you say that it definitely won't be Over $13 ...do you know what price uranium will be in five years ...if you do I'd love to know your secret???
Because I just don't know the future .. I start off with a given number ...the Book Value ..now that's not perfect but it's a good place to start...History shows us we can with a probability greater than 50% see at least double book value.
that means twice $1.87 = $3.74....
Unless other new information evolves like a fall in Uranium price or a rise in the Uranium takes place I'll stick to my analysis.So I start with a $3.74 target and increase or reduce from there..it's that simple to me....and I stick to this method which allows me to live with that risk profile.
I then hold at two times Book Value if the shares are moving well and if it then goes to three times book I sell 80% of my holding ...I used to sell it all but I found in many cases the shares price would just kept on rising!!!!
All the Best to All.
Agit..I don't have a crystal ball or any method of seeing...
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