RE: Broker Note out - 4p Target21 Feb 2024 16:53
Hi IG, you’ve been around the block judging by your posting history starting in 2011 - same as mine. Be honest, have you ever really paid much attention to brokers’ notes? Especially in a small (tiny) cap share like this.
But on the flip side, if diamond prices start to recover and company operations really come good here, then I can well imagine that 4p target being conservative - but with the caveat that these things take time to unfold and in the meantime, investors might wish to avail themselves of better short term opportunities, or indeed simply stay in cash and enjoying decent interest rates? Maybe the end of the tax year might bring some welcome relief to the sp, or maybe we’ll have received good news by then? Fingers obviously crossed.
Atb