MTE 0.00% 3.0¢ metrocoal limited

PJ70, yes, there is a brokers report dated 13th July 2010 which...

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    PJ70, yes, there is a brokers report dated 13th July 2010 which is very good. Pattersons prepared it. They were very bullish then saying MTE was heavily undervalued and they were targeting a price of 50c by April 2011.

    As we now know, MTE's price has exceeded that in just 10 months, not 12 months as tipped by them.

    I don't have an electronic link to it as I was only handed a hard copy by a friend. But its 14 pages long and well worth reading, even though it is 10 months old. Should be able to get one from the broker if a link does not appear on MTE's website

    I would think it is likly that Pattersons will soon release another brokers report with a new target figure for 2012. This surely would need to be well north of $1. I would concur with other posts suggesting a price between $1 and $2 next year, but DYOR.
 
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