Don't believe GXY is in this boat due to ann pending but found this in auz thread and found it interesting. Take it with a grain of salt as it is maquarie and last time i heard they had a taget price for Gxy @42c
4 HOURS AGO | 3.32PMPlug pulled on majors’ battery growth
Most of the larger gold and battery minerals miners are now looking “fully valued”, prompting downgrades from Macquarie.
“[However,] we still see upside in development plays DCN, GOR and WAF and offshore producers RSG and AQG,” the broker says.
“Lithium stocks have enjoyed a stellar run in 2017 and most are now trading in line with our price targets.”
Shares in relatively more established miners Evolution Mining, St Barbara and Saracen Minerals slip down in the investment bank’s books to a ‘neutral’ rating from ‘outperform’ previously, while Orocobre now sits a firm ‘underperform’.
For those speaking cobalt, Macquarie favours CLQas its preferred pick within the battery minerals sector.
Ps this may work in favour for gxy
If anyone has any other information please share
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Don't believe GXY is in this boat due to ann pending but found...
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