Ann: Corporate and Operations Update, page-49

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rvajna

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25/07/19

15:57

Post #: 39692790
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Originally posted by Henry Walton: ↑

Not bad as I was fearing at all, kind of a big giant recap of everything we already knew with a few new positive bits of information.

Jiangte are committing to the J/V at 10kt per month, thats 120ktpa considering we are doing 155ktpa currently thats good.

I sense some frustration in there with lack of sales as we are, talking about investigating other places to sell could be a public warning here to burwill take it or lose it we got bills to pay we can't have $16mill cash in the bank and $38mill product at the dock.

We should have $54mill cash in the bank today.

Slowing down fines and speeding up exploration is a good move it means we will be floating around break even we won't get that $150/t savings from fines yet, but if we can expand our resource to 75-100Mt, then bring on fines when it's needed that way better than spending to stockpile $150/t saving that never hits our bank accounts anyway.

Large non china corporation initial 20-40ktpa starting in 2019 or early 2020, thats the big news right there, large non china we talking POSCO, LG chem, samsung yummy good to know it's on track.

Overall it's clear they are hustling and want to express that to us holders, which is exactly what we have been asking for them to do communicate, so I give it a big thumbs up.

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Henry I am glad you see something positive in this because the market strongly disagrees with you. As I write this A40 is down 23%. The market does not like what it sees when it looks forward. Hopefully, if this deteriorates much further then Galaxy will take it over and mothball production til the market turns around.

A40 Price at posting: 10.5¢ Sentiment: Hold Disclosure: Held
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Ann: Corporate and Operations Update, page-49

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