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$5.28 galaxy resources limited

Ann: Quarterly Conference Call & 2019 Guidance Achieved, page-9

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GARETH78

8,308 Posts.

2944

09/01/20

09:12

Post #: 42295128
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Originally posted by yanlin: ↑

No, 29,778 dmt of product was sold!!
Payment terms does not affect the volume of product sold.
The message that the company is clearly articulating is that they continue to implement prudent cashflow principles and are managing their pile of cash as efficiently as possible.
We know that they have been exploiting their tainted stocks (by bassalt) which were previously written down so that the unit cost for the quarter should be pretty low. I think we could be in for a positive quarterly report versus analysts expectations.
Time to top up again..... IMO.

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Agree, im working on the basis they received cash for sales this qtr for 24,538T

Production volume was higher than i expected, thought they might have cut back a bit.

GXY Price at posting: $1.06 Sentiment: Hold Disclosure: Held
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