Ann: Annual Report 2018, page-40

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Bux436

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16/04/19

22:37

Post #: 38171010
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Originally posted by ljcamp: ↑

Couple of interesting take aways for me:

1. Galaxy anticipates receiving the remaining US$14.55 million (after deduction of withholding tax of US$0.45 million paid in November2018) in sale proceeds from POSCO by 1 March 2019.
Cash at the end of Feb US$273m. Therefore we can expect the US$14.55m to be accounted for in the March quarterly due Thursday.

2. I think it is clear that Galaxy are looking to take advantage of the down turn in the lithium sector and acquire assets.
The Company and Group intend to continue to unlockand realize value from the existing assets of Sal de Vidaand James Bay and to seek new investment opportunitiesin the lithium sector.

We remain very confident in thelithium business model and the business case for the development of both Sal de Vida and James Bay as fully integrated projects with the aim that within thenext 5 years Galaxy will be producing 100,000 tonnes per annum of lithium carbonate equivalent from ourexisting projects alone.

3. Cash (outflow) from Investing Activities (US $77,117)

Add this back to the Cash flow from Mt Cattlin and the operation is very profitable.

Couple of other nice pieces of info but I don't want to give to much info way to ASB.

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Like you said lj. 100k tonnes from existing projects alone.. tells me they will be acquiring interest or control in more projects soon.

GXY Price at posting: $1.87 Sentiment: Hold Disclosure: Held
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Ann: Annual Report 2018, page-40

Top Stories

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Vulcan appoints investment bank and M&A veteran to board

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Utah authorities sign off on Anson's lithium extraction plans at Green River

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