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Posts on this website are general "tips" and nothing more than that and should never be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. Sparty's posts nearly always relate to companies that he either holds, has held or intends to hold.
Main Forum•Galaxy Resources - Will they takeover ASX: LIT?
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Galaxy Resources Limited is pleased to report to shareholders its activities for the quarter ended 31 December 2017.
HIGHLIGHTS
Mt Cattlin Operations
• Record production of 52,139 dry metric tonnes ("dmt") of lithium concentrate, an increase of 11% over Q3 2017
• Production for the quarter at an annualized rate of c.209,000 dmt tonnes per annum (“tpa”) of lithium concentrate
• Record sales of 58,094 dmt of lithium concentrate, an increase of 39% over Q3 2017
• Average production cash costs (excluding royalties and marketing fees) of US$325 (A$423) per dmt produced
• Average realized selling price before royalties and marketing fees of US$868 (A$1,125) per dmt sold, an increase of 3% over Q3 2017
• Offtake agreements signed with multiple customers for 5 years for 100% of total planned lithium concentrate production
• EBITDA of A$34.2 million plus lots more hereTo my mind GXY would benefit vastly by taking over ASX:LIT and using the Sileach process.
