GXY 0.00% $5.28 galaxy resources limited

This is essential reading for GXY holders. Forget the quarterly,...

  1. 6,757 Posts.
    This is essential reading for GXY holders. Forget the quarterly, the Canadians have higher standards than us.

    A couple of lines that stood out to me...

    Total liabilities: $148 million

    Receipts from customers: $0

    Recommend you read all the notes also particularly 1e :

    "Based on present forecasts, the directors of Galaxy consider that Galaxy has sufficient undrawn facilities together with
    access to funding through potential additional equity raisings
    to complete the commissioning and ramp up of the
    Jiangsu Plant and continue as a going concern."

    Yeah, no kidding.
 
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