RE: HE1: Cannacord Genuity target price: 20p, 24 Jan 202425 Jan 2024 22:37
20p would be amazing, but that would value the company at £0.7 billion market cap!
Lets be realistic, is the company worth that much currently? I think not.
Maybe if everything they are saying is true, and once production is well established, and if there is no more dilution along the way, 20p may just be possible. But that is a lot of what ifs which are a long way away.