Quick summary - DCF per share 66c. Recommendation 'accumulate' with growth potential of 5 to 20% per annum. Short term target is 80 cps. Production on target 1st quarter FY08. Exploration results mixed.
As always, Brokers reports should be taken with a grain of salt but by all means have a read. Better than trying to understand a company's prospects based on some of the wild and spurious claims I have recently read on the AGM thread. Must be quite frustrating for genuine investors.
As an aside, did anyone notice the rather odd trading pattern yesterday. There was a series of small orders going through every 5 minutes at the bid price. Parcels were between 100 and 200 shares a trade. Odd.
AGM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
