Yes I agree with the obvious target of $1.10 as that’s the price they are giving us for nearly a billion dollar of CR. But few points to consider for now. End of financial year Tax loss selling pressure, the obvious gap at 88.5 cents which needed filling and just filled now, the uncertainty until the fortnight for the approval of previous CR at $1.03 and then FID decision by September and the approval of the $1.10 CR. Once all these are out of the way by September we should see a share price above $1.10-$1.20 hopefully. This is a bargain at current prices and easy 20%-30% gain if not more in few months time. All in my opinion and DYOR. Not a financial advice .
NIC Price at posting:
89.0¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)