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$5.28 galaxy resources limited

great analysis colinchi. my guess is that GXY management knows...

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21/12/19

01:25

Post #: 42081217
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Originally posted by colinchi: ↑

Gareth

Appears you are looking back to the last finaincial year.

You know back when Galaxy was getting over $1000 Dmt.

That is when the $14500 was paid.

This calander year Cash has been burnt mainly through normal business

Except for the Tax paid on the Posco deal and the A40 bungle.

They had about $40 million at the start of 2019

They received $271 million.

They will have at most $150 million at the end of this year.

So out the $160 million ....$75 million was Tax and A40

The other $85 million gone and Spod has been dropping all year.

To be at under $500 dmt going into next year.

The way things have been going Galaxy will have no cash at the end of 2021.

I expect Galaxy will put Mt Catlin on C and M by July.

That should preserve a little cash.

But unless things change dramatically Galaxy will struggle.

I dont see EVs being the Answer unless they can see a mid sized EV

Under $20000 usd......at the moment $10k is in the battery.

At least you realize what sort of investment this is.

Very risky ...especially at current SP.

Some think it is just a matter of gime until the market wakes up.

The market never sleeps.

Cheers

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great analysis colinchi. my guess is that GXY management knows and understands these simple figures and will be making a rather surprising announcement next year to put MtC on C&M and to put SDV on ice until ICE boom is fully arrived by 2028.

when A40 investment decision is examined in detail, GXY management doesn't appear to be the sharpest tool in the shed

GXY Price at posting: 88.5¢ Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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