GXY galaxy resources limited

Ann: Galaxy Secures Spodumene Supply Agreement , page-12

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    re: Ann: Galaxy Secures Spodumene Supply Agre... Gxy knows how to deliver a surprise.

    Financial mismanagement meant they simple don't have the cash in the foreseeable future to reopen mine. Of course, we only here about the high aud.

    Also, no details on long term supply price. If the spodumune price skyrockets, do gxy still stand to benefit or are we now a fixed margin producer? Pretty important question really.

    I wonder if the decision to source from Talison is linked to the upcoming financing?

    For those who think this is a good thing, they've just about written off a major asset and lost control of their own supply Chain. We are also still in the dark about the most important issues - margins and financing.
 
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