The Patterson Report was from the start of Feb 2011 and had a target price of $1.02. This is not true in todays market due to the amount of dilution. A true reflection is the DCF which was about $210 million. So the new target price is about 40-50 cents ..
What i did miss in the anual report was :
"At Present management has identified a shortfall in the funds required to execute Stage 1 of the Meekatharra Gold Project. The Company is actively engaged in raising additional funds to cover this shortfall which is also a condition precedent to the availability of the Credit
Suisse debt facility."
BUGGER !! I honestly read that report as well.....
At least it was flagged and hopefully the credit suisse money is now a shoe in !!!
THAT must be the bottom now at 18 !!!!!!!!!!!!
The Patterson Report was from the start of Feb 2011 and had a...
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