Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on GALAXY RESOURCES LTD. We currently have 4 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.
20 Feb 17
Hayward Tyler Group* (HAYT): Trading update and financial position (CORP) | Petra Diamonds (PDL): Interim results (BUY) | Gemfields* (GEM): Interim results (CORP) | Premaitha Health* (NIPT): Middle East momentum (CORP) | Sound Energy (SOU): Acquisition update and TE-8 well spud (HOLD) | Proactis* (PHD): Interim trading on track (CORP) | 7digital* (7DIG): Automotive contract win (CORP)
The Slide Rule
12 Jan 17
What is The Slide Rule? The Slide Rule has been designed to dramatically simplify the identification of the best companies in the UK small/mid-cap sector by making a quantitative assessment of the relative potential of each company. At its core, The Slide Rule aims to identify those companies that create genuine shareholder value through strong returns on capital and solid growth, but also present a value opportunity with the potential tailwind of earnings momentum. Companies are assessed within a Quality, Value, Growth and Momentum (QVGM) framework.
Opuama production restarts
21 Feb 17
Eland has confirmed the successful restart of exports from OML 40 through the new shipping alternative that it has implemented. Sales from the export terminal are expected imminently, re-establishing cash generation for Eland. Cash at YE16 was US$11.1m which has since reduced to US$5.9m, mainly reflecting initial operating expenses for the shipping alternative. While it is early days, Eland has demonstrated its ability to restart exports and production from OML 40 following the shut-down of the Forcados terminal a year ago. Production to date is averaging around 7kbd and we expect that to ramp up as Opuama operational performance improves. At US$55/bbl Brent, we estimate Eland is generating a net cash margin of around US$25/bbl. We reiterate our Buy recommendation and 95p per share Target Price.
Small Cap Breakfast
24 Feb 17
GBGI—Schedule One update from integrated provider of international benefits insurance. Raising £32m at 150p. Admission expected tomorrow. Anglo African Oil & Gas— Admission expected early March. Acquiring stake in producing near offshore field in the Republic of the Congo. Guinness Oil & Gas Exploration—Publication of prospectus. Seeking to raise £50m and invest in 15 exploration companies at launch, with plans to grow the portfolio to 30 positions during its lifetime. Issue closing 23 Feb.