/biz/ - Business & Finance

>>1248001

Thanks for cranking it up again. The Tse video from the convention in Canada should be out this week.

Still slogging through the Deutsche Bank tome - it is a mediocre report desu - they want to enter the business but clearly haven't studied it enough. Importantly - this is going to perk interest by other institutions.

At some point we need to look into graphite also, as it is a necessary component of lithium batteries. As Galaxy goes to the moon, graphite will be riding along as the caboose . . . just got to figure out the best one!

(Picture shows location of GXY St. James project and other projects.)

>>1210098

Sure. Tse, (who basically was put into GXY by large creditors to turn it around), wiped out a shitload of debt in spinning off the Chinese mine - and with it Chinese debt. From that involvement, GXY made numerous contacts with Chinese lithium refiners.

While there is an exclusive deal with Mitsubishi, I am presuming it is an option deal that Mitsubishi can exercise a right to buy all ore produced when it wants to - until then, GXY is free to sell.

So, with the above set forth, GXY has contracts totaling $36M for the initial ore production @ $600/t. The deal required the purchasers to pay $18M on or before 3/31.

(This is why I and others keep harassing about the question: "Where's the $18M?" Some say earnings reports - others say: fuck that do a press release GXY and pop that stock!)

GXY is doing work with product that had evidently been mined up now to export under the contracts. The money from the contracts will help GXY into the next phase which is full blown mining at Mt. C in WA.

Tse, the guy running the show and a very smart man, has let it be known that the current operation will hit over 60K tons this year and can expect contracts for next year of 120,000/t - because of demand - he/GXY is prudently not signing contracts now so they can raise the price per ton. (Next year they will be hitting 120-150/t production.)

All the above doesn't even include SDV in SA or James Bay in CA. If those come online with funds from Mt. C - this stock will no longer be a penny stock at all.

tldr; Chinese economy going through weird times and usual business shit may have delayed payment of the $18M. Worst scenario is contracts canceled, but I would believe GXY can find other purchasers fast.

>>1210454

Wew lad - read the GXY business documentation before such a statement. Agreements are $36M total. $18M is prepayment of half. Delivery later. No way in hell would GXY send product to China without prepayment of a lot of $$$.

>>1203184

Answer the question. did they get the $18,000,000? Stop being a tosser