Thesharehub’s Ophir price target was met today at 575p which is just shy of a Multi-bagger status for 2012.
The stock was added to thesharehub hotlist on Jan 2nd at 288.8p with an initial target of 450p.
This was raised to 575p after the recent Tanzania drill success – see previous upgrade post see here.
The stock successfully completed a placing a few weeks back at 495p which certainly looks like a good deal for the II’s involved.
Ophir are well placed to continue growing. They have an exciting high impact drilling campaign in 2012 and with interest in the region growing – assets and licences are rising in value.
In light of the recent fund raiser and share price progress – thesharehub raises the sp target for a second time this year to 650p.
At 577.6p, the stock will be the 3rd Multi-bagger stock for the Hotlist this year.
Next catalyst to drive the sp to higher targets (if successful) is the drilling of Mzia-1 located in Block 1.