GXY
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0.00% $5.28 galaxy resources limited

shaking the tree, page-2

  1. moorookamick
    22,409 Posts.
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    19/07/12
    11:21
    Post #: 10454629
    I've checked with GXY re anns and they said that
    none were planned. They reiterated that as of 30th June they had $18mil cash,
    saving $4mil/month by cranking down Mt Catlin until cashflow positive and that they would be cash flow positive by Q4 2013 ( I assume fin Yr 2012-2013)

    I assume that there will be ongoing income (albeit not cashflow positive) in
    the interim.
    Cheers
    Moorookamick
    GXY Price at posting: 14.9¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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