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ProCapitalism

1,151 Posts.

269

06/03/19

07:21

Post #: 37665389
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Originally posted by regal: ↑

Like many people, my eyes cross looking at reports and suffer 5 second attention span. Take time and read the simple layout annual report.

Re Posco sale.
Total sale $280mil. Total tax $84.5mil at 30%.
Net cash $195.5mil us or $276mil aud.
Interest earned for 2018 $812000.

Cash at end of year $24.7mil us from operations.

Total cash in bank is sitting $220mil us plus or $310mil aud.

MtC produced 159.3kt at net profit of $424/ dmt. For 2018. There was time loss due to installing the YOP.

The YOP cost $30mil us. Production reconfirm q1 40-45kt. Increase production throughout year at lower cost.

Galaxy production was approximately equal to all new Australian spodumene that came on line in 2018 combined.

All spodumene produced in Oz for 2018 was equal to around 45000 tesla. Where is the oversuplly? Put up company and volume.
SDV- npv post tax $1.48bil us, around $2bil aud. Cost is $3144/t after potash credits.
Battery grade carbonate is around $13-$14k/t. For 25kt × $10000= $250m us net profit per year. The 15 hectare test pond was already 65% complete.

Two third of operating cost was at SDV and JB.

Current SP/ market value $600m us.

Read the rubbish on HC or read the actual company report.

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GXY Price at posting: $2.04 Sentiment: Buy Disclosure: Held
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