GXY 0.00% $5.28 galaxy resources limited

Crash called it, page-364

  1. 7,443 Posts.
    lightbulb Created with Sketch. 98
    True enough Rubs,
    "as the real proof is in the profits"

    Just not to sure on when that will be.

    When you consider that this next shipment is the last of the "prepaid" , and possibly not loaded until late March, but could easily be early April, which could push the following " new contract" shipment into mid/late May, and the next well into June.

    If this is the case then it is possible that GXY may only recive 1 payment, possibly 2 this financial year, which I think would mean, no "profit" this financial year.

    Will GXY receive payment under new contract, upon loading of ship, as per expired contract, or are there other terms in place under the new contract, like 30/60/90 day settlement?
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