GXY galaxy resources limited

shaking the tree, page-5

  1. 19 Posts.
    The Mt Cattlin project in Western Australia where it produces a spodumene concentrate and tantalum by-product.

    Could GXY be thinking of selling this plant while it is at full capacity to increase cash flow and concentrate on it’s core business,( lithium-ion batteries)

    They have just completed the Lithium Carbonate Plant in China's Jiangsu province which is a lithium-ion battery plant and acquired Lithium One Inc.

    Their aim is to produce 350,000 battery packs per annum for the electric bike (e-bike) market which will generate higher sales and cash flow if they concentrated on this alone.

    Could they be trying to avoiding potential future problems as spodumene concentrate and tantalum are by products which could be bought elsewhere cheaper.

    i'm just speculating.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

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