Banter and General Comments, page-12237

Gareth
Appears you are looking back to the last finaincial year.
You know back when Galaxy was getting over $1000 Dmt.
That is when the $14500 was paid.
This calander year Cash has been burnt mainly through normal business
Except for the Tax paid on the Posco deal and the A40 bungle.
They had about $40 million at the start of 2019
They received $271 million.
They will have at most $150 million at the end of this year.
So out the $160 million ....$75 million was Tax and A40
The other $85 million gone and Spod has been dropping all year.
To be at under $500 dmt going into next year.

The way things have been going Galaxy will have no cash at the end of 2021.
I expect Galaxy will put Mt Catlin on C and M by July.
That should preserve a little cash.
But unless things change dramatically Galaxy will struggle.
I dont see EVs being the Answer unless they can see a mid sized EV
Under $20000 usd......at the moment $10k is in the battery.

At least you realize what sort of investment this is.
Very risky ...especially at current SP.
Some think it is just a matter of gime until the market wakes up.
The market never sleeps.

Cheers