Thursday, April 27, 2023 10:43:50 AM
No way to legitimately get the exact same $6 target again after the $6 company just maybe sold 3/4th of itself to buy (not 100% of but) 75% of a mine in Brazil. If $6 is legit, then the Brazil mine purchase would suggest a much much higher Brookmount valuation.
Or, flip side, that the intial $6 target was bullshit from the beginning, if the Brazil mine deal (if it even goes through) is as the second report suggests that Brookmount is legitimately and reasonably a $6 per share company.
Did Ted the Analyst take into account the Brookmount trend of diluting? What, like 400% now in a year or so?
Isn't that Reg A/1 played out now?
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© 2023, by StockItOut
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