Further to last month’s missive, in which I wrote about a company I had bought - a renewable natural gas producer - in which I was hoping for a quick 70% win, we have some progress. Here’s the original piece:

The Flying Frisby

Hoping for a quick 70% win

With profits from the recent silver trade, I have just bought stock in a new company. It went public in 2021, raising C$100M at C$10. But the shares are currently trading around C$6, down 40% since the IPO. This is due in part to the fact that the sector, renewable natural gas (RNG), has fallen out of favour. But also because the company has failed to get investors excited…

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2 months ago · 3 likes · 5 comments · Dominic Frisby

The company has just announced the news we were looking for - and it’s pretty exciting.

The stock is up about 30% from when I first wrote about it, but I think it could still go a lot further. Currently at C$8, the analysts are raising their targets from C$13 to C$20. There are good reasons it could go even higher.