GXY 0.00% $5.28 galaxy resources limited

shaking the tree, page-3

  1. 141 Posts.
    Hi Moorookamick,
    "and that they would be cash flow positive by Q4 2013 ( I assume fin Yr 2012-2013)"

    I'm not quite sure I understand what you mean by " I assume fin yr 2012-2013"
    If your assuming that the forth quarter of 2013 is between 2012-2013, this isn't so. It would be 2013-2014, when they are cash-flow positive.

    I spoke with Iggy, and he concurred that the Jiangsu Lithium Carbonate plant will be the sole revenue stream for Galaxy, in 2013.
    There are some analysts that are reporting that Galaxy's goal is to fast track the Sal de vida project in argentina to 2014. One year earlier to production.

    Currently the only other source of potential income, for 2012, is from the stockpile of tantalum and/or spodumene from Australia. Of which, they've announced to the media that they refuse to provide stockfeed to rival companies. Thus putting a strain on competitors to find other avenues of spodumene and reducing the market saturation of lithium.
 
watchlist Created with Sketch. Add GXY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.