Monday, December 8, 2014
Scotiabank, CIBC, and Argonaut Gold
Here's two stories that hit the wire of November 7th:
WKRB - Argonaut Gold given $5 price target by CIBC.
Sleek Money - Scotiabank gives Argonaut new $6 price target.
Here's Argonaut's chart:
And while gold is up since November 7th, Argonaut's down by one third from when these two reccies came out.
Guys, do you wanna maybe revisit your price targets? Cos apparently AR is cash flow negative, and so the market is only valuing them at cash plus $100M - and even that is dropping.
UPDATE: yeah, to all those guys from the brokerages who checked into my blog for a bit of Schadenfreude on IKN's reccie, your junior mining analyst job offers can be submitted below in the comments box. I'll keep them private if you ask me to.
Hey, it's worth a try.