GXY 6.40% $3.51 galaxy resources limited

Banter and General Comments, page-4823

  1. 74 Posts.
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    everyone remembers the first announcement but always forget the second.

    Here it is.
    https://seekingalpha.com/article/4235177-galaxy-resources-ord-new-galxf-ceo-anthony-tse-q4-2018-results-earnings-call-transcript?part=single

    this was the NEW guidance.

    Coming back to the overall timeline, I think, we had originally budgeted something, which was along the lines of about three years and that three years plus if you, as you would appreciate every single prime project takes a fair amount of time to actually ramp up, normally kind of two years to three years to get into steady state. That is a 5, 6-year process and even over a 5-year process you think about it in months. That’s actually 60 months. So, if we actually end up taking an extra 6-months to kind of – finding the right partner. But also, not only the right partner, but the structure as well for the transaction.
 
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