Re: Stonecap coverage initiated with very conservative target - Casey
in response to
by
posted on
Apr 07, 2011 12:13AM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Casey, I don't see the pump and dump aspect with the 1.20 target at all. Perhaps very sly and subtle folk? Nah, no way - their target audience would miss the subtlety!
They are going on what they see now - ECU is going to have to deliver the goods in the way of some outstanding assay results here in the next several weeks/months. That will provide Stonecap and whoever else to say, "okay, there's been a material change justifying an upgrade and, accordlingly, we're raising our price target to $____."
I'm really encouraged with this recent move, but looking forward to see if what we've thought for a long time about the deeper targets is correct. No guarantees, of course, but it's exciting to be close to this particularly significant event.