This, (below) shows the versatility of Galaxy, as it sails through the seas of travesty, (current low Lithium prices) and sustains a positive cash margin as well as to be ready to spring out into action when the market requires!
"GALAXY CORPORATE STRATEGY AND PROJECTS UPDATE
In 2020, Galaxy will implement a lower activity mine plan focused on reducing volumes and costs to maintain positive cash margins and preserving resource life. Production and existing inventory will be sufficient to satisfy contracted commitments and additional product demand in 2020. Production can be ramped up swiftly and efficiently should market conditions materially improve."
Reference -
GALAXY RESOURCES. (18-11-2019) GALAXY CORPORATE STRATEGY AND PROJECTS UPDATE p. 2
https://hotcopper.com.au/threads/an...update.5078557/?post_id=41476132#.XdHJDdVS_Tc
- Forums
- ASX - By Stock
- GXY
- Ann: Corporate Strategy and Projects Update
Ann: Corporate Strategy and Projects Update, page-25
Featured News
Add GXY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
EQN
EQUINOX RESOURCES LIMITED.
Zac Komur, MD & CEO
Zac Komur
MD & CEO
SPONSORED BY The Market Online