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$5.28 galaxy resources limited

Ann: Galaxy signs long term Offtake Agreements for Mt Cattlin, page-92

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Jehosephat

2,728 Posts.

377

29/11/17

12:45

Post #: 29213138
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Originally posted by FlashFish ↑

Yes I can read. The pricing is probably tied to the amount of concentrate GXY is allowed to produce/sell.
I imagine the deal would be you can have the lithium at US$900t as long as we end up with 10% of that @ 99.5% concentrate. No concentrate, you pay US$1000t for our spodumene or not get it at all.
The deal may vary between processors but as someone mentioned earlier the only time we will hear about the pricing from now on is in the 1/4 and FY reports.
Yes I am a bit pissed about that and will re-balance my holdings accordingly. I am just glad so many posters here have got 20/20 vision. Good luck to all.

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A very good thing about this announcement is that it will see GXY negotiating with battery manufacturers for the Li produced by the tolling arrangement. This will create valuable relationships for the time when GXY is selling Li from JB and SDV. IMO

GXY Price at posting: $3.73 Sentiment: Buy Disclosure: Held
12 Upvote

0 Great analysis

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