We believe the probability of success has increased since our last update and keep our Buy rating while raising our target price to NOK 150 (140). US water quality has been checked and a committed term sheet for a new USD 210m loan facility has been signed with DNB. We see several share price triggers going forward and the company is on-track for its first US harvest during Q3/20, the key catalyst for 2020.
01 Apr 2020
One cell closer to the American dream
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One cell closer to the American dream
We believe the probability of success has increased since our last update and keep our Buy rating while raising our target price to NOK 150 (140). US water quality has been checked and a committed term sheet for a new USD 210m loan facility has been signed with DNB. We see several share price triggers going forward and the company is on-track for its first US harvest during Q3/20, the key catalyst for 2020.