Well, I thought I was going to be off these boards until the new year but something has brought me back for one last time. Unfortunately, it's not good news either.
Just when you had thought (or hoped) we'd be seeing less pressure on the stock price from the big end of town, the silver doughnut has outdone themselves. This time it's not just GXY that will feel the brunt of their "analysis", it's the whole Oz Li sector. here's an extract of their valuations/ target prices for the main Oz Li stocks:
Yep, GXY target price is now A$0.50 per share.
I'd like to think they have got it way wrong, but they clearly have momentum and they have been on the "right side" of the forecasts to date.
Looks like another miserable time to be had by Li longs over the coming months - if you agree with the silver doughnut.
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