Thanks FF. There are good titbits in this report, there is no denying that. However how does a FY2017 PBT = A$6m justify a MC = A$1.376b. Even if you double FY2017 H1 PBT = 13m to get FY = A$26m this still does not justify the current MC. There are no Outlook Statements in the Report so there is no reason to assume performance will improve substantially in FY2018. This leaves one with the impression that GXY is very over valued currently.
Please DYOR
GXY Price at posting:
$3.30 Sentiment: Sell Disclosure: Held
