GXY 6.40% $3.51 galaxy resources limited

Next ship named, page-413

  1. 3,617 Posts.
    lightbulb Created with Sketch. 394
    I can only imagine how bad the cost per tonne will be this quarter when they say they are producing 40-45k and only selling a portion of it. It was terrible last quarter. Looks horrendous this quarter, IMO.

    My quick calculations have Mt C running at a loss this quarter given they have hardly shipped anything (i.e. small cash inflows) yet are still saying they are on target to produce 40-45k (large cash outflows).

    Are they struggling to sell it? Not being offered what they want? Or? Whatever the case, I wouldn't want to be holding this when the next quarterly is dropped on the market like a nuclear bomb.
 
watchlist Created with Sketch. Add GXY (ASX) to my watchlist

Currently unlisted public company.

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