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

GXY

Click for more information

0.00%

$5.28 galaxy resources limited

It's cold in the Sth pole

First 46 Last

Share
Profile

Follow
VacuumCleaner

114 Posts.

19/04/17

14:45

Post #: 24143109
Share

Originally posted by Alterego1168 ↑

Looked through my notes and went on the conference call.

Very interesting.

1. Agree on $600 per tonne (Excel number did not match my notes - so my mistake on incorrect typing)

2. Marketing / royalty fees are now known. I'll add Mount Cattlin production cash cost to US$420 per tonne.

3. Mineral Resources 1st ever shipment : recently shipped 113,993 wet metric tonnes recently @ about 1.5% grade lithium on 17/4/2017. (Potential for more new mines to come. Existing mines are increasing production). Question was put to Tse whether this would affect future pricing.

4. "2018 pricing is too early" to be known (TSe's own words).
So forget about 2018 massive earnings until contract or sale price are fully known.

5. UBS, Canacord, BellPotter were there.. so potential for broker reports update.

6. Debt/ Equity, JV or combination still in the air for SDV and JB.

Expand

It's cold in the Sth pole

GXY Price at posting: 40.5¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

ASX

ASX explains: How 'futures' are predicted

Is the ASX getting its groove back? Here's 5 IPOs in September to watch

TAT

Tartana Minerals firms up producer status with recent 150tn shipment of copper sulphate to the NT

RDN

Raiden Resources jumps 11% as Andover South drilling to kick off with PoW on Minister's desk

GMD

Genesis set for higher gold production in FY25 and earlier mill start

There are more pages in this discussion • 19 more messages in this thread...

First 46 Last

Add GXY (ASX) to my watchlist