The logistics of last weeks visit should not go under-stated....and to have five analysts and a few US money managers agree to go to Ethiopia in the first place, and then to all agree to go at the same time speaks volumes.
They would 'want' to be there, and I can't help but think it's not because of a $1.50 target price stock. They must be convinced how big this will likely become to show the level of interest. Target prices change with new information, so analysts have restrictions, just like Farhad did with the press release. The analysts may honestly see this going into the teens, yet have to let things develope first.
One analyst making the trip en route somewhere, no big deal, but this was an event. This was positive, and I think sets the stage for more news, big news.
Ads on Stockhouse, Analyst visit property and Heads of State, hole 5 and 6 results first week of Nov, Financing agreements, and land announcements.
We have also likely got through the selling pressure of those that bought in only on hopes of hole 4 and didn't want to stick around. Yesterday had a couple of large market sell orders, how many shares did rene have.
Anyway, this thing is poised to make us smile shortly.....
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