https://kalkinemedia.com/2019/06/30/how-is-lithium-demand-driving...

https://kalkinemedia.com/2019/06/30/how-is-lithium-demand-driving-these-stocks-ore-gxy-pls/


Galaxy Resources Limited (ASX: GXY)

Galaxy Resources Limited (ASX: GXY) has an engagement in the exploration of minerals in Australia, Canada and Argentina along with production of lithium concentrate. The company recently announced that its Director, Martin Ronald Rowley acquired 50,000 Ordinary Shares at a value consideration of $64,750 effective from June 20, 2019, taking the final holdings to 1,058,603 Fully Paid Ordinary Shares, 4,000,000 Unlisted Options exercisable at $2.78 on or before 14/6/2020, along with indirect interest of 1,541,031 Fully Paid Ordinary Shares with Rowley Super Investments Pty Ltd and 1,969,712 Fully Paid Ordinary Shares with Jaeger Investments Pty Ltd.

March ‘19 Quarter Key Highlights: GXY reported production of 41,874 dry metric tonnes of spodumene concentrate. Production in the month of March ‘19 was reported at ~17K dry metric tonnes equivalent to an annualised run rate of over 200K dry metric tonnes. The average cash cost was reported at US$453 per dmt for the period. At the end of the March ‘19 quarter, the company reported cash and liquid assets of US$285.3 million, with zero debt.

FY2018 Financial Performance: The company’s revenues increased by 60% pcp to US$153.9 Mn. Net profit after tax for the period was reported at US$150.22 Mn.

FY2018 Key Financial Metrics (Source: Company Reports)


Q2 FY19 Production Guidance: As per the release, in Mt Cattlin, total spodumene production volumes guidance for Q2 FY19 is estimated at 45,000 dmt to 50,000 dmt, whereas for the full calendar year 2019, the production guidance is estimated to be in the range of 180,000 dmt to 210,000