GXY 0.00% $5.28 galaxy resources limited

Ann: Galaxy to sell SDV northern tenements to POSCO for US$280M, page-66

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  1. 495 Posts.
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    What a MASTERSTROKE from AT and his team for the development of SDV :

    1) Re engineered and redesigned the ponds to the southern side (at a small cost) and sell off the northern tenement for a handsome price of US $280 m without affecting the dynamics of overall plan.
    2) No debt
    3) No CR required
    4) Retain 100% ownership of 25,000 ton x 40 years mine life asset
    5) Synergies and possible cost / time saving working together in tandem with POSCO

    and added advantage of falling Aussies and Argentina Pesos.
    Christmas has finally arrived for shareholders and good luck to shorters.
 
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