GXY
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0.00% $5.28 galaxy resources limited

Ann: 2019 Half Year Results Announcement, page-9

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  1. asb83
    5,935 Posts.
    lightbulb Created with Sketch. 1209
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    29/08/19
    19:26
    Post #: 40227772
    Lol, they only received US$28m in revenue for FY19. How embarrassing!

    So they sold 44,630dmt in FY19 and received US$27.961m. My calculations have that as only receiving US$626/t on average for FY19. Or am I missing something? If that's correct, that's flat out horrific!

    Given 2HY19 pricing was 36% lower than 1HY19, it looks as though they're lucky if they're currently receiving US$550k/t

    And people on here think the company is getting a premium for its product. The evidence says they're receiving one of the lowest prices on the market for its spod. You guys really need a reality check
    GXY Price at posting: $1.18 Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 13  Upvote
    lightbulb Created with Sketch.  Great analysis
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