Australia's largest stock trading and investment forum Australia's #1 stock forum

GXY

Click for more information

0.00%

$5.28 galaxy resources limited

Ann: FY 2017 Results Presentation, page-35

First 35 Last

Share
Profile

Follow
CaptainBarnacles

11,289 Posts.

730

23/03/18

10:47

Post #: 31973854
Share

Originally posted by goofy ↑

lol
Doesn't look great on face value but if you take into consideration the company only re-started commercial production in May 2017, managed to pay off all its debt, now has a 5 year off take agreement in place for all planned production, increasing recoveries to 75% by June 2018, increased 2018 sale prices for spod etc, I would think there is potentially significant upside to earnings through out 2018.

Market is forward looking, you clearly are not.

Expand

Well they made a loss of 6.5m in the HY, so with commercial production about 6.7m NPAT in half 2.

Certain a lot of looking forward and imagination required.

GXY Price at posting: $3.36 Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

MIN

Ellison slapped with $20M sanction from MinRes but will stay on as leader – for now

There are more pages in this discussion • 145 more messages in this thread...

First 35 Last

Add GXY (ASX) to my watchlist