GXY 0.00% $5.28 galaxy resources limited

Strengthening the balance sheet., page-2

  1. 1,982 Posts.
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    I wouldn't panic yet. I think it's a question of selling all the assets - one at a time if needs be. Jaingsu - sold (we hope) - Mt Cattlin and James Bay should get a small amount in the kitty - and the big one SdV- minimum $75M - hopefully a lot more. Once the sale has gone through on Jiangsu the quarterly costs should reduce greatly - C&M on 3 sites and a small board's wages. Also, the money will be earning interest to help offset these costs - but it's all about the brine salar now imo. Sell it for a great price or get a JV on great terms and it's a game changer for the sp. If noone's interested in SdV we're stuffed!
 
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