re: Ann: Galaxy Secures Spodumene Supply Agre...
yesterdays news is definatly a good news.. until sprodumene gets a rare product GXY should get it cheap as possible.. makes no sense operate a mine at higher costs.. putting the own mine on maintaince is a logical decicion..maybe GXY will need the own sprodumene soe day if the EV market is on full speed ... but not now..operate a mine at half capacity makes no sense if youcan buy the product cheaper at the market. We all know the brines will operate cheaper again and a lot of prjects will be up andrunning in the coming years...
good move from management in my opinion ...we need Jiangsu up and running and generate cashflow..thats the goal now... after this step GXY has to bing the brine into production fast as possible..this project is the real cashcow
GXY Price at posting:
12.5¢ Sentiment: LT Buy Disclosure: Held