Edison Initiates Coverage on Galaxy Resources, page-2

oh i retort that report.

they did not mention that GXY sold flagship plant at a loss and plant was nowhere near projected capacity output and always operated at a loss. GXY had to renegotiate "binding" plant sale with poorer result. they currently have no revenue stream, just a potential asset in Sal De. this explains why SP went from over $1 to its current level. current debt almost wipes out cash.

oh by the way, management want to gift themselves around $7 mil in the upcoming meeting.

have not heard any news on Sal De, though the current spike might be to do with that, or perhaps self interested parties playing funny buggers with the price.