GXY galaxy resources limited

Settle down, page-5

  1. 1,554 Posts.
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    From Canaccord's report
    "we understand that GXY is in discussions with the various counter parties, and note that
    penalties under the agreements for late delivery are mostly immaterial."

    and
    "Looking to 2017, our revised production forecasts should allow GXY to comfortably
    satisfy offtake commitments (CGe production 190kt vs 2017 commitments of 120kt)."

    behind now but future production increased. The Chinese customers knew we were in ramp up, so not totally unexpected.
 
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