Thats correct
@regalSee this is part of the shorts smoke and mirror trick. They not only smash the share price to discourage new entrants and frustrate long holders into selling, but they ALSO ensure that there is a lack of research/collaboration being conducted.
They totally smother the sector in fake news and fear.
Longs the only tool we have at our disposal is to ensure we remain up to date with whats transpiring in our company and the sector as a whole!
Don't respond to the likes of Rjavna and Colin, they are total stains on society and there time is fast approaching. They will vanish into the mist quicker than you can say A40 Carve Up. (PS i am guilty of engaging)
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>.
SOOOOOO where are we?
GUIDANCE
Galaxy reaffirms guidance provided in the June Quarter 2019 Quarterly Activities Report.
Targeted lithium concentrate
production volume for Q3 2019 is 45,000 – 55,000 dmt, with full year guidance being maintained at 180,000 – 210,000 dmt.
Target shipping volumes for
Q3 2019 are 60,000 – 70,000 dmt.Mt Cattlin production unit cash
cost of US$337 / dmt produced FOB, placing the project as one of the lowest cost lithium
concentrate operations in the world
Lithium concentrate produced dmt 98,334
Lithium concentrate sold dmt 44,630
Net Inventory on hand 53,704 (NOTE: THIS HAS BEEN PAID FOR IN H1)
Therefore;
If we ship 60kt in this quarter and produce 45kt @ similar cost to Q2 (US$330 pt):
60kt @ US$550 = US$33m
45kt @ US$330 = US$15m
Net cash flow = US$18m
With stock pile remaining at approx 38kt which MUST be shipped in Q4 to the customer to make up annual requirements.
STRONG BUY
(not advice blah blah blah)
