GXY 0.00% $5.28 galaxy resources limited

Next ship named, page-858

  1. 8,739 Posts.
    lightbulb Created with Sketch. 2622
    Hey MD,
    I just in that frame of mind that's all.
    Call me devils advocate for now.
    The main point I am trying to drive home is that the company needs to ship to generate income.
    It seems ever since we received that money from POSCO the company has stopped trying.
    It was a great deal, no one can take that away from them. But it's like this big medal hanging around our neck that does nothing for us.
    The company must continue to ship, and if one customer doesn't want that shipment, send it to someone else that will.
    I get other posters responses about how great it is to produce.
    It's nothing to be excited about, we have been doing it for years, but now the volume is more, with a much better quality product.
    Honestly, I would be happy to go down with a shovel to throw it on the truck and then shovel it on to the ship if I knew that would help meet a consistent shipping number.
    This is what those analysts are looking at when they read the announcement and talk on the earnings call.
    The bean counters look at 1 thing cash coming in, and cash going out.
    If, and let's give a bit of a benefit of the doubt due to that adjustment.
    If the company does not ship what they have said they will do, plus also taking into account that 13th of May announcement of..

    "Yay, Mt Cattlin world record production of 22,000 tonnes for April"

    Then the company, you, me and anyone that supports the company will be laughed at.
    All because they did not ship and sales went down.
    I saw the post that @Bron put up how lithium companies was more money to bring projects online.
    Well for this little company, the money is there.. just send the shipments, collect the cash, and get the women's.
    Do we no longer have a contract or not?
    Because shipping only 45,000 tonnes by half way during the year is simply unacceptable.
    Let's do the numbers on that.
    I mentioned previous that the company is receiving around US$750 per tonne, so in the first half of the year revenue would be looking at roughly US$33.75 million before costs and tax.
    If we accept the costs are US$330 per tonne (yes @asb83 I realise I might be being kind here but let me run with it)
    Then costs to produce total is US$14.85 million.
    Profit US$18.9 million or AU$27.5 million.
    I am also guessing that this is before paying the board and all the other employees.
    Im sure that someone else can do the numbers, and perhaps give us a comparison company to weigh that against.
    We should all be wanting the company to ship, and be consistent just like Anthony said we need to be.
    Our investments depend on it.
    Unless of course everyone is happy seeing the share price track down and stagnate.
    I dunno, I honestly want the best for all of us.
    Pinky promise.
 
watchlist Created with Sketch. Add GXY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.