If this rate of SP increase continues for the day, I think we all deserve an explanation. If the current gains of 20% hold until close, I would still expect some sort of explanation. The only one that would make sense is a takeover. This can't just be shorts covering... they could have slowly exited over the coming months without such a sharp increase in SP.
Getting $5/6 in a few months would be an excellent outcome. My 1 year PT after the capital raise was $4.13 and around the $ 7 to $8 mark a year after that. Ofcourse these price targets assumed all will go well and we wont need another cap raise and travel will return to normal in a year or so.
I personally wouldnt be too happy with a $4 takeover because we were probably going to get there by years end anyway.
WEB Price at posting:
$3.65 Sentiment: Hold Disclosure: Held
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