GXY 6.40% $3.51 galaxy resources limited

Ann: POSCO Final Settlement Funds Received, page-59

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  1. 630 Posts.
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    Normally I would keep this to myself, however I am a touch annoyed the company have not replied to another of my emails.

    Emailed to/from Galaxy.

    Hi
    Long term investor. First time I have emailed.

    I would like some clarification in relation to the 3.3k DMT that was shipped to POSCO during the third quarter 2018.More specifically, is there any reason no information was provided in subsequent quarterly reports or conference call?

    If not, can you please provide as much information as possible re this.From a personal view point, I am growing increasingly disappointed in the lack of communication from the company.Looking forward to your response.


    Response:

    Hi XXX, 

    Thank you for your support as a long term shareholder. This was a one off pilot shipment completed to POSCO at a price agreed for the spot cargo at the time of the shipment.

    POSCO are looking to pilot their proprietary conversion technology before proceeding to build out a larger commercial facility, hence the small one off cargo. 

    Regards,

    Galaxy Resources InformationGalaxy Resources Limited | Level 4, 21 Kintail Road Applecross WA 6153T +61 8 9215 1700   W www.galaxylithium.com




 
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