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27/08/18

16:00

Post #: 35210438
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Originally posted by yanlin ↑

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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If analyst, in fact anyone on this planet, can get price target right, or even within 10% margin of error, they would have made a killing out of it already... what's point of publishing it? Don't bother paying too much attention to those BS targets.

GXY Price at posting: $2.77 Sentiment: Hold Disclosure: Held
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