re: Ann: Galaxy Secures Spodumene Supply Agre... This thread has been an example of wishful thinking over clear thinking for quite a while now. All we need now is another article on EVs.
For too long now, shareholders have been kept in the dark on prices, margins operating cash flows, forthcoming capital raising etc. It means things like the shutting of the mine in WA and Capital raisings come out of the blue. Intelligent people like moorookamick have got somewhere near the truth relying on rough numbers. Those who've Relied on information in company announcements to form judgments are Constantly blindsided. Now, we still have no better basis for figuring out the fundamentals because the supply agreement is kept vague. We just get general comment on Margin Improvements Without any description of The price conditions on which such a statement is made. And no assessment of the Shut down Costs. And so it goes on...
Go back to their business plans 2 years ago and see what elements have been achieved.
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Ann: Galaxy Secures Spodumene Supply Agreement , page-16
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