Ann: Galaxy signs long term Offtake Agreements for Mt Cattlin, page-58

First 58 Last

Share
Profile

Follow
TraderRic

218 Posts.

29/11/17

10:14

Post #: 29204897
Share

Originally posted by Cadel ↑

I think you will find that the details of the arrangement coming out in 2018 is referring to the tolling arrangement. Someone said shorters came down 25% in 4 days and referred to leaky ship. Definately not the case. ShortMan shows GXY shorters have dropped 0.04% in the last week. These negotiations would have been going on for a while and I imagine some would have been finialised in the last week or two but the share price has gone down. No leaks here.

No big headline figure is interesting. It is not because the price isn’t as high as expected, it is because AT is one cool cat. He has no interest in grabbing these type of headlines anymore even if it would have meant a bigger jump in SP today. He is interested in making excellent business relationships and letting the end result do the talking. The other way just helps ST investors.

Great to see the tolling arrangements start. Those fat extra profits will become addictive and I’m sure AT will want more. I’m happy to start with tolling before we build another converter. It is much safer, as we take on no risk.

Overall happy to have this come out but most of it is basically what we expected. The 5 years thing is interesting. We could have gone for any time frame as the customers would agree. I see the 5 years as more of a signal to market we are sold out if you want more you will have to fund JB or SDV with prepayments. Not a bad move.

Expand

REported short positions have been going down steadily for several weeks. That's what I was referring to.

GXY Price at posting: $3.70 Sentiment: Hold Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

AUG

Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree

RNU

Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some

TLX

Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug

TX3

Canadian fieldwork yields multiple pegmatites for Trinex

There are more pages in this discussion • 195 more messages in this thread...

First 58 Last

Add GXY (ASX) to my watchlist

Ann: Galaxy signs long term Offtake Agreements for Mt Cattlin, page-58

Top Stories

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree

Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some

Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug

Canadian fieldwork yields multiple pegmatites for Trinex

Featured News