GXY 0.00% $5.28 galaxy resources limited

Ann: Annual Report 2018, page-33

  1. 4,845 Posts.
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    Dont listen to the auto companies... you know the ones that will be buying the product!...

    You should of course be listening to asb in all his wisdom!...

    The report backs up my explaination for the 6 month renegotiation of the pricing, the fact that our contract customers are loyal and WILL take all Spod we have produced (45,000T this quarter) despite the shipments not aligning to the quarters (who cares!). And the fact that the temporary price drop in Lithium isnt as bad as some have suggested (less than China price drop) and only moves Mt Cattlin from "super profits" down to "sustainable" profits. Ie - still in profit.

    And that doesnt even factor in the new recovery rates and better feed ore from across Floater Road. Ie - all the things the "fictional story tellers" on these forums have chosen to ignore, and things that will substantially lower out costs, from the quarterly due out on Thursday!

    DYOR people.

    Fyi, by all accounts we have shipped 15,000T this quarter, and produced 45,000T, and surprise surprise our Qube storage holds 30,000T!!! Designed to streamline shipping and lower costs. Yep.
    Last edited by Subs: 16/04/19
 
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