Australia's largest stock trading and investment forum Australia's #1 stock forum

GXY

Click for more information

0.00%

$5.28 galaxy resources limited

Ann: Baillieu Holst Initiates Coverage on Galaxy Resources-GXY.AX, page-90

First 90 Last

Share
Profile

Follow
Juno

3,881 Posts.

27/09/16

14:03

Post #: 19448774
Share

Originally posted by malmanu ↑

Doesn't sound that great - "Initial concentrate yields have also been reduced from a targeted 75% to 50%. GXY still hopes to get to 70% or more but this is now likely to occur over a 12-24 month period. This means that costs per unit of saleable product will be higher than we had originally forecast and the cash flow position will be tight until economies of scale are achieved"

Still think we will see 20c before year's end on GXY.

Expand

As usual from this poster, too simplistic an evaluation to be meaningful, no discussion of the price of next sale contract etc etc.

Ten thousand posts, no heart, draw your own conclusion of the value of information provided by the ambulance chaser.

GXY Price at posting: 31.0¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

CRI

Critica unveils fresh REE hits near Jupiter play in WA – and 5 new prospects

SGR

Thousands eye Star on HotCopper, SkyCity in strife – are ASX casino stocks safe anymore?

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

NSM

North Stawell Minerals set to raise $1.3M in capital raising for exploration in Victoria

THB

Thunderbird picks up plethora of uranium targets based on EM survey in Canada

There are more pages in this discussion • 1 more message in this thread...

First 90 Last

Add GXY (ASX) to my watchlist

SPONSORED BY