RE: SP Angel Daily News9 Nov 2018 13:42
Hi pb940. Sorry about delay in answering you. Been on Heathrow run this morning. Yes I did suggest a roughly 3 month period between SP Angel target set and achieved. I am delighted to note that I suggested the 13 August target might be achieved a little earlier than 13 November based upon Sojitz acquisition and price of vanadium. And hey presto a closing price above the 33.6p target was reached on 01 November - 12 days early (tongue in cheek!!!)
Here is part of my original post:
"SP Angel
Target raised from 11.00 p to 14.3p (+ 30%) on 30 November 2017, and achieved as closing price at the end of March 2018, some 4 months later.
Target raised from 14.00p to 18.28p (+ 30.6%) on 23 Jan 2018, and achieved as closing price in mid April 2018, nearly 3 months later.
Target raised to 24.94p (+ 36.4%) on 27 April 2018 and achieved as closing price on 30 July 2018, some 3 months later.
Target raised from 24.94p to 33.60p (+ 34.7%) on 13 August 2018. It is now 7 weeks since this target was set. If previous pattern is anything to go by then this target should be achieved in the next six weeks. However since 13 August BMN have acquired an extra 14% of Vametco and the price of vanadium has risen by more than 25%. I would therefore expect this sp target to be reached sooner rather than later, not withstanding the dampening effect of the brief period of industrial action."
It would be nice to think that this new 87p target will be achieved by 09 February2019! I am pleased that,as previously, SP Angel have produced a new target with a week or so of old one being achieved.
Hope that helps pb940.
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