GXY
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6.40% $3.51 galaxy resources limited

And what will GXY's PE be in FY20? Certainly nowhere near 4...

  1. asb83
    3,617 Posts.
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    08/03/19
    01:50
    Post #: 37692653
    And what will GXY's PE be in FY20? Certainly nowhere near 4 that's for sure. So to wave the PE 4 flag like a badge of honour is very dangerous and misleading.

    The market is forward looking and doesn't give a hoot about one-off sales that artificially inflate a company's earnings.

    The company is more interested in consistentltly poor production results at Mt C, delays at SDV, execution risk, poor/unreliable management, etc.
    Last edited by asb83: 08/03/19
    GXY Price at posting: $2.11 Sentiment: Hold Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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