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$5.28 galaxy resources limited

Ann: Galaxy signs long term Offtake Agreements for Mt Cattlin, page-27

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Lithibull

316 Posts.

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29/11/17

09:05

Post #: 29201483
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Originally posted by Mainy66 ↑

Must say that I am a little confused by the lack of information in this announcement when compared to last year. I think some explanation would have been good as to why they are not disclosing the actual price and also at what date the new pricing regime applies from.

Having said this, I dont have a problem with the pricing not being disclosed. They are running a business and so there should be some level of confidentiality to protect their commercial interests. That is, to prevent competitors from knowing the price and for GXY to extract the best price from purchasers.

I am a LT shareholder in GXY and will continue to be. Management continue to work in the best interests of shareholders.

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There are multiple customers so therefore multiple prices. The minimum price is greater than 2017 pricing. Pricing is negotiated every q4.

This is a good deal for My Cattlin. 200k a year at $1000usd min is good cash flow.

GXY Price at posting: $3.59 Sentiment: Buy Disclosure: Held
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