Just out of interest, and by way of example, see below the "expert analysts" view of a company that I have been following. Whilst nothing to do (directly) with GXY, I just wanted to point out how the same analyst can vary their forecast for the same company by 67% over the course of 7 months. That's a pretty big change in valuation!!!
22 Jan 2018 12:52:57 *DJ Mayne Pharma Price Target Cut 6.5% to A$0.72/Share by Credit Suisse
26 Feb 2018 10:49:19 *DJ Mayne Pharma Price Target Raised 2.8% to A$0.74/Share by Credit Suisse
23 Jul 2018 09:59:31 *DJ Mayne Pharma Price Target Raised 35% to A$1.00/Share by Credit Suisse
27 Aug 2018 09:15:17 *DJ Mayne Pharma Price Target Raised 20% to A$1.20/Share by Credit Suisse
And the MYX share price has pretty much tracked this same trajectory.
Now have a look at what's been happening with GXY valuations:
09 Aug 2018 08:55:16 *DJ Galaxy Resources Price Target Raised 5% to A$2.95/Share by Morgan Stanley
29 Jun 2018 09:15:09 *DJ Galaxy Resources Target Price Cut 5% to A$2.80/Share by Morgan Stanley
10 May 2018 10:37:38 *DJ Galaxy Resources Price Target Cut 5% to A$2.95/Share by Morgan Stanley
27 Mar 2018 08:45:52 *DJ Galaxy Resources Price Target Raised 2% to A$3.10/Share by Morgan Stanley
Notice anything???
This is why all investors need to cut through the BS, do your own research, and back your own judgement.
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