GXY 0.00% $5.28 galaxy resources limited

Ann: Quarterly Activities Report - June 2019, page-133

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  1. 3,703 Posts.
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    Thanks Gcar - I missed the the dial in as I was away so appreciative of the succinct update.

    Good summary.

    Mt Cattlin - operating impressively with best ever grade, low production cost, very profitable and production on target, sales deliveries "being managed" to suit buyers which shows a solid ongoing relationship between the supplier and long term buyers - drilling for and finding more ore reserves - all good.

    SDV and James Bay progressing well and methodically - costs on budget.

    One point to remember is our cash / liquid assets of circa $200m as at 30th June'19 was in US dollars so that equates to A$285m approx versus our market cap of circa A$525m

    Shorters and some commentators still working hard to suit their own egos and agendas.

    Looking forward to further solid numbers and updates on all fronts in the next quarterly to underline the quality of the Company.....I wouldn't be at all surprised to see a J/V partner appear out of the woodwork for either SDV or James Bay .... time will tell.

    Patience will be well rewarded IMO.


 
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