GXY 0.00% $5.28 galaxy resources limited

Ann: Galaxy Appoints Lithium Marketing Consultant, page-19

  1. 1,141 Posts.
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    re: Ann: Galaxy Appoints Lithium Marketing Co... Yes good reminders Vraetorian and good update. As holders here have been saying in recent months, GXY needs to perform now with convincing actuals and money in the till. From memory most production last year was being sold, so I don’t think demand is a problem. We know lithium demand is buoyant. It’s the higher grade quality testing that takes time.

    I feel a good undercurrent flowing with these appointments. The nameplate capacity of the project is 25k which is above 17k. If one party doesn’t go for full ownership of project maybe end product and funding pie will be split with multiple partners.

    That happens with bigger projects nowadays, multiple parties spreads the cost and risk. Importantly the project gets fully funded, and goes ahead. If they can get Jiangsu stable I say progress and original expansion plans will speed up and stock will re-gain market favour.
 
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