Banter and General Comments, page-7496

Galaxy have 2 assets that would cost over $500 million
To get into production.
With 3 mines operating I would think they could make money
even at current spod prices.
But the wat things are there is no possible way to get the amount of cash required.
A JV was the way to go and management should have taken the best deal.
I think whatever deal was made it would have provided the cash injection required.
A year down the track and the offers if any would not provide the cash.

At this stage I see no answer to their dilemma.
Too me they should have done everything possible to preserve cash.
Instead they have thrown money at A40...at current spod price
A40 have no future.
With the cash they had they could stay viable for a few years
While other miners fall over.
Hopefully by then spod prices could recover.
If there is to be a large take up of EVs
The prices of vehicles has to drop
So I see pressure will be on spod prices forever.
All I can see for the SP for the next couple of years
is to fall to around $1 pretty quick then a slow decline from then on.

Cheers