GMM general mining corporation limited

Should there be an announcement?

  1. 8,746 Posts.
    lightbulb Created with Sketch. 2629
    Was just checking out a news article on the Galaxy forum which indicates that the lithium price agreed for the 60,000 tonnes was $600USD

    Today, that is worth just under $800AUD and in total just under $50 million AUD

    In the announcement it indicated that a payment of $18 million USD would be made by the 31st of March. -That is the equivalent to just under $24 million AUD which is a tidy sum for an upfront payment.

    Should we be expecting an announcement next week to advise that the money was received?

    News article: http://www.scmp.com/business/compan...resources-reopens-lithium-mine-chinese-market

    Announcement: http://www.galaxyresources.com.au/media/announcements/435ntnpygd96pt.pdf
    Last edited by Thesi: 08/04/16
 
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