GXY 0.00% $5.28 galaxy resources limited

Banter and General Comments, page-5218

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    • Improved recoveries - Yet to be proven
    • Higher quality ore - Yet to be proven
    • Increased production (45kt) - Yet to be proven
    • All product sold - Yes, product is sold to existing contracts, but the price they get isn't set in stone for the duration of the contract. Why the delay with shipping? Can't the parties come to an agreement on pricing or something else? What price are they getting? Is Mt C viable at the price they are receiving? The market has only been told that 2019 pricing is "notably" lower than 2018.
    I recall the company has said there will be improvements in the first 3 items above in previous quarterly reports/conference calls and the subsequent production report showed no improvement in some/all of them. I think you're setting yourself up for disappointment if you think they are going to achieve these *goals* in the current quarter.
 
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