GXY 0.00% $5.28 galaxy resources limited

Why the GXY share price should rise tomorrow, page-70

  1. 7,864 Posts.
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    You're right there sydneyguy but as in the first qtr they only give guidance for Production.!

    "Galaxy is targeting spodumene production in the range of 45,000 to 50,000 tonnes for the June quarter and retains its annual target of 180,000 to 210,000 tonnes for the full calendar year."

    They state that Shipments will/should increase in the 2nd half 19.

    Theres nothing to say that this qtr wont see more stockpiling and nothing is set in stone as far as the stockmarket is concerned re the Shipments playing catchup in the 2nd Half.

    They must have Contracts in place now....... to indicate the 2nd Qtr requirements .

    The Shareprice has been punished because only certain entities can receive regular updates as was indicated in the C.Call in part below,

    ....................................................................................................................................................

    "Anthony Peter Tse, Galaxy ResourcesLimited - CEO, MD & Executive Director [26]

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    One, we will push ahead and develop the project; and two, we will concurrently kind of look to bring some of those --handful of discussions that we currently are continuing engagement on to fruition. But going forward, Reg, expect to see probably a little bit more detail from plan of activities and milestones, et cetera from Sal de Vida.

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    Reg Spencer, Canaccord Genuity Limited,Research Division - Mining Analyst [27]

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    Okay. And then may -- Anthony, may that include a time line for us to work on? Or we'll just have to get in touch with...

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    Anthony Peter Tse, Galaxy Resources Limited - CEO, MD & Executive Director [28]

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    Yes."

    .....................................................................................................................................................

    NOW..............How much information do they receive and how far ahead is it in regard to we, the small shareholder, having to wait until the the quarterlys and is that "information" covering all projects? imo
    Md
    Last edited by Metalduster: 23/04/19
 
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