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Ann: Galaxy awards Mt Cattlin Mining Contract, page-74

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2,144 Posts.

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23/11/16

11:11

Post #: 20815343
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Originally posted by Rameez ↑

Piacentini & Son was/is the biggest privately owned earthmoving company in the Southern hemisphere. The company was established about 60 years ago by the late Albert Piacentini and is based in Bunbury WA with the majority of their early years spent mining mineral sands at Capel in WA. The company is now run by his son Colin and his sons Kim & Brad. Piacentini operates machinery in many other parts of the world including USA and African countries. I would be extremely doubtful that these guys would have negotiated payment in script. Cash on the knocker would be my guess = no money = no work. These guys have not been around for so long by making foolish deals IMO. Hope that brief background on the new contractor helps.

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Piacentini & Son certainly do look just exactly like the sort of 'serious earthmoving business' that a 'serious' Lithium .."mining".. company would employ to move some 'serious' amounts of Spodumene tonnage within the shortest possible timeframe. Indeed a very comforting sight to see now for all of GXY's faithful LTH 'true-believers'.

GXY Price at posting: 38.3¢ Sentiment: Buy Disclosure: Held
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