Australia's largest stock trading and investment forum Australia's #1 stock forum

GXY

0.00%

$5.28 galaxy resources limited

Ann: Quarterly Activities Report, page-33

First 33 Last

Share
Profile

Follow
Ninja Tuna

2,853 Posts.

996

23/01/20

09:50

Post #: 42530741
Share

Originally posted by Thesi: ↑

Of course staged is ok, but what is perhaps not realised is that what is currently being constructed is a test plant. This isn't part of the staged construction. It will only cost money, not produce it. The company is still heavily reliant on Mt Cattlin production, but at this time, it is not likely to be able to offset the costs of Sal De Vida and also James Bay. Considering the events of Nemaska and also North American lithium, offloading James Bay would probably be tough. Let's not forget that the expansions of Orocobre and Lithium America's might perhaps assist in quenching the thirst of lithium demand along with the somewhat everlasting supply that Ganfeng appears to have secured.

My suspicion is that perhaps the company hoped to be taken over, but I don't see that realistic given the current circumstances of the company.

Enjoy the earnings call everyone. I really cannot be bothered anymore and am seriously considering selling out and moving on. It's been great chatting over the years and meeting many of you. Hopefully you are on the right side of the trade. All the best!

Expand

pilot ponds and plants are modular in design and can be expanded into production ponds and plants. Modules can simply be added on.

”The assembly and installation of the onsite pilot plant module upgrades occurred in Q4 2019 and final services installation is expected to be completed in Q1 2020.”

GXY Price at posting: $1.16 Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

Reply

Top Stories

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

BUX

Buxton projects new graphite province discovery at WA Narryer play

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

There are more pages in this discussion • 171 more messages in this thread...

First 33 Last

Add GXY (ASX) to my watchlist

Ann: Quarterly Activities Report, page-33

Top Stories

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Buxton projects new graphite province discovery at WA Narryer play

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

BCI reaches close of funding facility for salt-first part of Mardie project

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Featured News