This could mean that GXY would be a contract processor for Tianqi which
which could be good or bad depending on the terms of the contract which
are "confidential".
I certainly hope that GXY has negotiated a deal which leaves at least
$3.5K/ton profit after all costs. A three year buyback contract of li-carb
by Tianqi could, on one hand, give us certainty of revenue but on the downside
could shield us from improving Li-carb prices later.
I'm always concerned with these "commercial in confidence" deals because
it is an out on the "continuous disclosure rule" which is there to protect the investor.
Cheers
Moorookamick
- Forums
- ASX - By Stock
- GXY
- galaxy to buy talison ore
galaxy to buy talison ore, page-3
-
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)