GXY 0.00% $5.28 galaxy resources limited

an: q report and cash flow, page-16

  1. 8,740 Posts.
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    Agree with your last line there Salty.

    the cost of Iggy going took 3,500,000 which leaves a difference of 1,000,000 roughly.

    167 tonnes of final product would fix that.

    Its a shame about the shut down.

    Provided the plant and sales continues improving whilst it will be tight I think its a good learning phase.

    Anthony Tse has been pretty much running the show prior to Iggy anyhow. Talking with the people on the ground. He will have formed some good alliances along the way.

    Lets See what happens with the negotiation announcement, however the numbers minus the extra ordinary expenses do look promising if you stop and consider.

    Geely is releasing their electric car into europe this year, the owner of them invested $32 million as a strategic investment.

    With 6 major cathode producers out of the top 10 in china already using the end product that's definately a feather in the cap.
 
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