The management of CSI does not show the competence needed to solve the technical problems and calm their investors. Hard to raise much needed capital under these conditions. I doubt that $0.50 is going to hold.
PPS 25 cents. Well, your price forecast seems to be on schedule. At least above mentioned price target of $0.50 is breached.
IMO, it's impossible to predict if management manages to alter the downward drift. It's time to put the cards on the table and tell the truth about all technical issues CSI is facing in its Serra Pelada project.
$1.10 target price would be more consistent with the first market reaction before publication of new drilling results.
I consider the rise in PPS late yesterday and today slightly premature, since increased resources do not solve the imminent problem of financing and legal complications following Wesizwe's exit.