On 24/12/2013, before today's news, WO made the following...

On 24/12/2013, before today's news, WO made the following recommendation. What will their new recommendation be that includes the latest contract ?

Buy Limit: $0.87
Stop Loss: $0.20
Profit target: $1.85 (Executed)

Forge Group (FGE) | 112% Profit Target hitForge Group (FGE)
Following a dramatic fall in Forge Group (FGE) from a price of +$4 early last month, the stock remained stagnant in a price range of 50c - 70c.

Given the potential for new tenders, Wise-owl released a recommendation to buy Forge Group (FGE) at a price of $0.87.

Forge has announced this morning that the Roy Hill iron ore mine project near Newman, Western Australia is ready to enter the next phase as Samsung C&T has provided formal notification to proceed. The project has a total capacity of $1.47 billion and Forge Group's Managing Director & CEO David Simpson sees a "pleasing development".

As of this morning, Forge Group (FGE) has hit our profit target of $1.85 in just a few business days, achieving a profit of over 110% on stock price.

https://www.wise-owl.com/portfolio/forge-group-110-profit-hit/