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Is BNP Paribas crazy ?

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FEK
Super Contributor
BNP Paribas just upgraded this stock to a buy with price target of $10 (ADR listing in NY), are they crazy, what does the technicians say ?
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5 REPLIES 5
THRESHOLD
Super Contributor
I must admit - I have started buying back into this thing. Some fantastic assets:- growth and low cost - no "real" exposure to South African operational environment but owns one of the world's last great deposits which happens to be in South Africa. Structured for an offshore listing with the concomitant re-rating. BUT, as ever, (how much)do you believe in gold?
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THRESHOLD
Super Contributor
AND you are buying a company of this scale at a third off her NAV.
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kwagga
Super Contributor
You always make it sound so tempting Threshold....
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dennis134
Not applicable
Is it not too early to buy in,the trend is still down?
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THRESHOLD
Super Contributor
The trend has been down for 10 years. With 200% rallies every now and again. Who knows with these gold things? Reversals are violent so you can't really wait for a traditional trend reversal. It's just a game at the end of the day.
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