GXY 0.00% $5.28 galaxy resources limited

Haha. The reason they don't give out numbers is these numbers...

  1. 1,559 Posts.
    Haha. The reason they don't give out numbers is these numbers would be totally disappointing to you as everybody else. What GXY is trying to achieve is get ECE to execute the already negotiated deal. Otherwise GXY would have to raise cash again real soon. The only purpose of this announcement is to keep up the share price so ECE can not reasonably expect GXY to accept a lower price for their shares.

    The fact that GXY said Jiangsu was going to become cash flow positive not before Q3 basically tells the whole story: The ramp up process is lengthy and arduous. Remember they started producing LC back in April of 2012 and wanted to become cash flow positive during Q1 2013, roughly 10-12 months after production start. This time, with the experience gained during the first ramp-up phase, they want to get it done within 6-8 months. I wish them good luck!
 
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