Ann: Strategy Briefing Day, page-56

First 56 Last

Share
Profile

Follow
clivemax

3,409 Posts.

416

09/11/19

19:59

Post #: 41339161
Share

Originally posted by Thesi ↑

I'd say that would have been happy with their business dealings with Galaxy, they doubled the resource size not long after and discovered that it would have a 50 year life rather than the initial 20.

There is a big difference between conventional lithium production from brine and the POSLX process, in that of the recovery being more efficient and effective. So perhaps this is something that has helped them to increase their production life

A40 wise, maybe there was not the 11 or so offers that the Administrators represented. Or maybe there were but they were just not in the game so a resolution is not far off. But with that said, what if POSCO was interested and wanted to partner with Galaxy there also.

There would be no need to wait and see if Pilbara will be able to build stage 2.

In the 2019 Q2 release it said:

POSCO is currently discussing LOIs for long-term sales with multiple customers, and some of them have been signed up, as the company is able to supply 65,000 tons of lithium annually in the next few years.

and at this stage they only have 1 plant that will be producing 1000tpa.

Waiting on Pilbara is risky as they haven't done what they said they were going to do. This is something I am sure these guys at POSCO will have also observed and might be feeling a little uncertain as to if Pilbara can ever deliver.

Expand

I wonder if this situation with POSCO and Galaxy would be worth a converter somewhere in there!?

GXY Price at posting: $1.10 Sentiment: Buy Disclosure: Held
11 Upvote

0 Great analysis

Reply

Top Stories

EMV

EMVision Medical successfully fabs first prototype of First Responder brain scan device – portable enough for a backpack

ASX Market Open: Australian market rallies on US rebound, as tech stocks perform well, and Biden steps down

SRG

SRG Global flags FY24 earnings just short of $100M; sees 10% jump in FY25

SPR

Dalgaranga gold play's increase in MRE a 'pivotal moment' for Spartan

Biden's exit bakes in a Kamala Harris ballot while markets expect Trump to win. How could equities fare this week?

There are more pages in this discussion • 158 more messages in this thread...

First 56 Last

Add GXY (ASX) to my watchlist

Ann: Strategy Briefing Day, page-56

Top Stories

EMVision Medical successfully fabs first prototype of First Responder brain scan device – portable enough for a backpack

ASX Market Open: Australian market rallies on US rebound, as tech stocks perform well, and Biden steps down

SRG Global flags FY24 earnings just short of $100M; sees 10% jump in FY25

Dalgaranga gold play's increase in MRE a 'pivotal moment' for Spartan

Biden's exit bakes in a Kamala Harris ballot while markets expect Trump to win. How could equities fare this week?

Featured News