Moz Asset14 Dec 2022 08:33
The acquisition of Suni Resources-Mozambique assets puts TGR in another league. Optiva have produced an updated research note and their conclusion is: 'post-acquisition of Suni Resources, has provided a large upside on the previous outlook put in place by Optiva Securities, we now estimate the long-run, unrisked NPV to be £314,700,000 (£2.79 per share) and the long-run risked NPV to sit at £173,300,000 (£1.54 per share). Our stated 12-month target share price is to be 80 pence per share.' DYOR