GXY 0.00% $5.28 galaxy resources limited

No effect from Argentina export tax

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    Canaccord Genuity analyst Reg Spencer said it was hard to judge the impact of the new tax given the lack of detail, but early indications were that lithium producers may not be severely impacted.
    "There is not a lot of detail available at this stage, but assuming the duty is only in place until 2020 as early reports have suggested, then the overall impact on our Orocobre valuation would be almost immaterial and on Galaxy it should be virtually zero given Sal de Vida is not scheduled to be in production until 2021," he said.



    https://www.copyright link/business...ost-australian-lithium-miners-20180904-h14xkk

    The export duty of 3 pesos per dollar of revenue is only in place to 2020 when the budget becomes balanced again.
    No effect what so ever on SDV revenues.

    DYOR and nice try shorters
 
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