http://www.galaxyresources.com.au/media/announcements/Galaxy%20si...

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FlashFish

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25/04/18

08:30

Post #: 32671198
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Originally posted by Subs ↑

Its really a non issue though. None of the naysayers said we would even make a cent profit in the quarter, but we made $30,000,000 despite the cost increase and spent $10mil of that to develop SDV.

So when costs are back on track next quarterly and the announcement that the 70-75% recovery upgrades are complete, the impressive $30,000,000 we made this quarter will be blown out of the water.

And, if there was something market sensitive that impacted the result, they would have had to tell us. They didn't, because there isn't. As has been pointed out, it is just a normal part of mining.

It seems to me that those most annoyed with the lack of information have already sold out and believe that had that information been announced it would have been bad and they would have been able to buy back cheaper (which, for the record, hanging around here after selling indicates).

So I say, good work management. Give them as little as possible, as little as legally required. Let them double down on assumptions. I'll still be holding when we get to use them all for fuel. Both the kindling and the big logs. Throw it all on.

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http://www.galaxyresources.com.au/m...ng term Offtake Agreements for Mt Cattlin.pdf

"Pricing is on either a CIF (cost plus insurance and freight) or CFR (cost plus freight) basis and will be subject to an annual pricing review between Galaxy and its customers in Q4 of each calendar year."

The $95 US increase in production cost per ton of may be attributed to not having included shipping and insurance prior to the 2018 contract. What do you think?

GXY Price at posting: $2.87 Sentiment: Hold Disclosure: Held
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http://www.galaxyresources.com.au/media/announcements/Galaxy%20si...

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Essential Energy conference: Streamlining approvals key to the green energy transition

HotCopper users smell capital raising as 88 Energy says "significant update" at Phoenix

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Harvey Norman clocks subdued gains as Echo Law's junk warranty class action kicks off

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