GXY galaxy resources limited

So why were the negative nellies out in force saying the drop to...

  1. 1,854 Posts.
    lightbulb Created with Sketch.  116
    So why were the negative nellies out in force saying the drop to $2.80 was because of a leak that the report was poor?

    There really is no reason to think the quarterly will be poor. The best anyone has come up with is that we shipped one shipment a month (as forecast) and not four like last quarter. Besides this being obvious and thus already factored in, the 4th shipment last quarter will show up as income this quarter, so the numbers should be quite good. Shipments also don't indicate how much we actually dug up and processed.

    Last quarterly's estimates for this quarter included around $10mil for "development", SDV no doubt, so some updates there are likely and it also states that they will cover these and all other costs with income from the three shipments.

    We will also get a good indication of the "industry record" pricing, tolling and an update on the recovery upgrades being done at Mt Cattlin, amongst other things.

    All in all some quick math takes my cash on hand at the end of quarter to $86 mil or there abouts after the extras spent on SDV.

    Nothing wrong with that.
    Last edited by Subs: 19/04/18
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

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