GXY galaxy resources limited

What's the problem?, page-4

  1. 283 Posts.
    lightbulb Created with Sketch. 4
    Too many questions:

    Question1: How can a factory designed for 17,000tpa produce only 1941t in six month - do we have a feedstock or a design problem. March 2014 tolling agreement for 8,000tpa - probably has to read 'up to 8,000tpa'.
    (as per cordingup, post 14595199) Jiangsu has processed some 1,941t  LiCO3 during the half-year
    Question2: Are there any clauses in the SPA that stipulate a 'break fee' of ?how many? (US)-dollars if Tianqi breaks? What if GXY breaks is forced to accept a break of the SPA due to plant inefficiencies?
    Note: The tolling agreement may well have been a test of the factory's capability (due diligence++).
    Question3: Will we be seeing a significant asset write-down (Jiangsu) as has happened with Lynas?
    Question4: What is the situation re the bond holders (60mil convertible Nov 2015)?
    Where is the money coming from if no conversion.
    Question5: What if the buyers of the 190mil shares (Acorn's increase plus 3 or 4 more ?) from November 2014 (Vanguard and M&G sale) band together with ....... (imagine that for a cheap takeover plot) .....
    .......
    and so on and on and on
 
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.