GXY 0.00% $5.28 galaxy resources limited

Ann: Strong balance sheet to advance both growth projects, page-20

  1. 149 Posts.
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    Yes I am now happier that prices are linked to the most likely continuing selling spot cargo price rises, than hanging around with unfavourable contracts.
    I am also happy that we continue to ramp up production and sales (pushing our production unit costs lower).
    I am happy we have new offtakers, (as I agree the Contracts didn't mean much when times got tight).
    I am happy with Sal de Vida even though like all of us we would like a faster development (thanks COVID).
    We are now in a rising market for the product, will GXY take a bit of a hit tomorrow, possibly but when you read the report without bias like some, then it only provides a good opportunity to buy IMHO. Prediction is up by the end of the day, once people have carefully read the report.
    Happy to hold


 
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