Countdown to GXY's best Quarter ever, Qtr ending 30 September!
We're not far away from GXY's best quarter ever in its history. The Qtr ending 30 September is the first quarter Gxy is reporting a full quarter of ongoing operations. The quarter is expected to mirror the June results where-
-steady state with an average recovery of 61% in June
-June cash costs were US$334/dmt and cash costs will continue to reduce across 2017 H2
Expect a ripper revenue in the vicinity of AUD46m-AUD50m, assuming 3 shipments, and significant margin and cash flow in view of the above.
...people looking for proof of investment value proposition will wake up from their slumber
...people would realise Gxy is as compelling or possibly better than ORE in view of ORE's partial ownership of Olaroz, compared to Gxy which has wholly owned producing assets and assets under development. ORE sp has jumped from $3.20 to $3.20, a cool 2 dollars, since it reported its lacklustre quarterly results for June 2017. Lithium investors like lithium, hence they like ORE, PLS, KDR, TAW, AJM, and their confidence in GxY will increase immensely in 3-4 weeks when the much anticipated report is finally released.
...don't forget these major milestones as well which can come any day now, JV partners for SDV/JB, off takes, or business partnerships with Panasonic, Tesla or other major.
Enjoy the remaining 30 min and add your thoughts below in anticipation of the first bonanza. After all, it's @sachz cool Galaxy Friday.
Regards
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