GXY 0.00% $5.28 galaxy resources limited

Why? The balance sheet only records actual/historical costs...

  1. vmp
    13,225 Posts.
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    Why? The balance sheet only records actual/historical costs expended in sdv and jb. If for example they expended $10m or $20m on sdv, it shows just that even if sdv contains lithium worth hundreds of millions or even a few billions of dollars. We haven’t even started extracting those lithium out hence solidly intact, all we’ve extracted is POSCO money for a start. We need to get more monies from other companies such as bmw, vw, POSCO, Mitsubishi and whatevs company that partners with us. I wonder why there’s no announcement until now, we screened off 100 companies down to 6 in deciding with whom to partner, I hope it won’t reduce to nil. Reminds me of a lady who became too choosy in deciding which of her suitors she’d accept as her fiance and she ended up with some one that didn’t have any teeth.
    Last edited by vmp: 19/10/18
 
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