Just an update. I averaged up on First Resources @0.985, bringing my cost up to 0.97.
I believe that nothing has changed fundamentally with the company, and that First Resources is still undervalued. I am not accurate with TP, but I foresee a 12 month TP of 1.50 based on its performance over the past year and its projected TP as compared with the industry.
Tuesday, January 5, 2010
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