Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on GALAXY RESOURCES LTD. We currently have 5 research reports from 3 professional analysts.
Frequency of research reports
Research reports on
GALAXY RESOURCES LTD
GALAXY RESOURCES LTD
Mt Cattlin - early mover in lithium project pipeline
19 Dec 16
Galaxy (GXY) has signed binding agreements for 2017 delivery for 120,000 tonnes of lithium concentrate at US$830/t with upside to US$905/t at higher concentrate grades. Mining has started, the process plant is operating continuously and trucking of concentrate to the port has commenced with the first export shipment expected by the end of December 2016.
Cash flow generation at Mt Cattlin
17 Oct 16
Galaxy Resources (GXY) has exposure to both hard rock lithium assets (Mt Cattlin, James Bay) and brine-based lithium assets (Sal de Vida). After the takeover of General Mining (GMM), Galaxy now has 100% of these assets. The Mt Cattlin project will begin shipments during December 2016, after its reopening, capitalising on current high lithium prices.
VSA Battery Market Recharge
22 Aug 16
Underlying demand for lithium-ion batteries continues to be strong and lithium prices are up as a result. However, in line with our expectations, shares of the hard rock development projects, which rallied strongly between late 2015 into H1 2015 have paused. Nonetheless, the divergence in valuations between the hard rock projects and their clay and brine peers remains stark. Following key developments, such as Lithium Americas (LAC CN) JV with Sociedad Qimica y Minera (SQM US), we believe that the additional development risk associated with clay and brine projects is being addressed while cheap valuations along with strong market fundamentals mean that these projects are now attractive, in our view.
19 Apr 17
We take a look at the supply and demand dynamics of the world’s largest diamonds. Less than 200 very large (>200 carat) gem quality diamonds have ever been found, yet 23 of these have been found in the past three years. This dramatic increase is being driven by a combination of the rapid increase in the number of billionaires and hence price and demand, combined with technological developments that have improved large diamond recovery and a certain amount of geological good luck.
Small Cap Breakfast
19 Apr 17
Global Ports Holding—Intention to float on Standard List. International cruise ports operator. Seeking $250m raise including $75m primary offer. Dorcaster—Schedule One Update. Admission now expected 3 May. RTO of Escape Hunt raising £14m at 135p Verditek— Intention to float on AIM. On Admission, the Company's subsidiaries will be involved in advanced solar photovoltaic, filtration and absorption technologies specialising in providing environmental services. Raising £3.5m. Admission in May. Eddie Stobart Logistics— Schedule 1. Admission expected 25 April but capital raising details TBC. ADES International Holding— Intends to join the Standard List in May raising up to $170m plus a vendor sale. Provider of offshore and onshore oil and gas drilling and production services in the Middle East and Africa. Admission expected in May. Tufton Oceanic Assets– Offer extended to 9 May to enable investors to complete further due diligence.
24 Apr 17
Lok’nStore* (LOK): Growth supported by a strong balance sheet (CORP) | Mortice* (MORT): UK acquisition (CORP) | Avacta* (AVCT): Another milestone – 1st non-therapeutics licence (CORP) | Petra Diamonds (PDF): Trading update and Q3 results (BUY) | Nasstar* (NASA): Growth and margin focus (CORP)