GXY 0.00% $5.28 galaxy resources limited

I ran the numbers on this thread a few days ago and we settled...

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    I ran the numbers on this thread a few days ago and we settled on around $5m cashflow from operations.
    After corporate costs, capex and expenditure on A40 receievers, its certainly not going to be a cashflow positive quarter.
    In terms of P&L the cost of the stockpiled spod will be recognised during the quarter, so you don't get a free kick to the bottom line due to the fact that (on a cash basis) those costs were occurred in H1.
    Either way, if they can minimise cash burn that will be a decent result but it shows current spod prices are not sustainable if the lowest cost hardrock producers aren't even close to breakeven.
 
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