GXY 0.00% $5.28 galaxy resources limited

Banter and General Comments, page-11086

  1. 3,463 Posts.
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    What's the lithium carbonate pricing in those supply forecasts?
    Sounds pretty promising by the time SDV comes on line.
    Also a point to take into consideration. Spodumene pricing has for the most part been linked to a pricing formula within China that takes into account Li Chemicals pricing.
    Just goes to show the trouble GXY would have been in with a purchase of A40 and why progressing with SDV is the solution.
    And if you want to use those charts to suggest GXY will need to do a cap raise at a heavy discount to fund completion of SDV, if those forecasts are correct the company should have no problem financing when the US$169m disappears.
    Expectations of a major cash drain from MtC are now out the window.
    Last edited by Sjlasx: 05/12/19
 
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