Member Info for sniffer78

Looks like she's got legs today keep moving honey

Cheers mate hope your well, lots more to come here over the next few months, good to see GXY in production and ramping up month on month GXY monthly revenues in next 8/12 months will be 8/10 million per month of battery grade lithium. Already produced 425 tonnes in a month at $6500/$6800per tonne and only running at 31% continuing to ramp up over the months. Produced 33 tonnes in a day at 70% so you can see the upside. ATB

Nice buys rolling in over the last hour, few more and it may motor up again. ATB

Nice rise, but come on mms you know you want it back to the 1p level. Sort that spread out will you guys lol

Few more buys and she will rise nicely, looking forward to are new investment as well. Already have Galaxy which is begining to ramp up productiion month on month, CRHLS stake in Galaxy now worth $9 million. GXY broker note values CRHLS stake $45/50 million, which in 8 12 months will be trading around that IMO.

Won't take much to push her up, GALAXY will rally over the coming weeks and months production numbers only going to increase there along with are investment. ATB

Yep I agree this will pop soon enough and moves so fast its shocking, next CRHL update will likely be are new investment, as we are now a investment company. Interesting times ahead mate WhatWhat we are also listed on Berlin stock exchange if you didn't know ATB

GXY up 18.75% ;-) 6.75% stake in Galaxy http://www.galaxyresources.com.au/ http://uk.finance.yahoo.com/q?s=GXY.AX

I think GXY has a leak that's why it's jumped, production numbers due for March as plant started up on 6 of FEB. ATB

GXY UP 16% last nite lets hope for that to continue.

Correction $4 million cash and $2.6 million cash to follow GLA

Lets see if MM'S push us up next week after this news GLA

$4.4 million should land in CRHLS bank next week and $2.6 million return of bond will follow shortly after., this is from Company ATB $6.6 million cash for CRHL $9 million stake in Galaxy and we are now a investment company ATB market cap 2.8 million

we are in a good position now $4.4 million from Taz asset sale $2.6 million to follow Galaxy stake worth $9 million at current $0.25 CRHL market cap 2.8 million stake in Galaxy which in 8 12 months will be worth in the region of $40/50 million in my opinion. ATB

Galaxy produced 425 tonnes in one month $6500 = $2,762,500 which is only 31% of design output wow on full ramp up the plant will produce 17,000 TPA $6500 PER TONNE MIN = $110.5 MILLION PA So on full ramp up Galaxy will be generating revenues of $110.5 MILLION PA MIN What a cracking investment are 37,834,912 shares are ;-)) Highlights  425 tonnes produced in March - first full month post recommencement of operations  Production continuing to increase as ramp-up progresses  100% of battery grade product meeting quality specifications  Battery and technical grade sales increase after Chinese NY  First sales to Japan completed following extensive qualification process  Jiangsu operation now likely to become cash flow positive during Q3 2013 Following the recommencement of operations at the Jiangsu Lithium Carbonate Plant (“Jiangsu” or “the Plant”) in China, Galaxy Resources Ltd (ASX: GXY) (“Galaxy” or “the Company”) advises that the Plant achieved a solid month of production. The Plant produced 425 tonnes (31% of design output) of lithium carbonate in its first full month of production since operations recommenced in February 2013. Last week, the Plant recorded output of 33 tonnes on a single day (70% of design output) demonstrating the potential for continued production hikes in the coming months

http://www.miningweekly.com/article/jiangsu-back-in-black-by-q3-2013-04-04

Starting to come together http://www.galaxyresources.com.au/documents/DocGXY276-ProductionIncreasesatJiangsuPlant.pdf Perth, Australia 4 April 2013 PRODUCTION INCREASES AT GALAXY’S JIANGSU PLANT Highlights  425 tonnes produced in March - first full month post recommencement of operations  Production continuing to increase as ramp-up progresses  100% of battery grade product meeting quality specifications  Battery and technical grade sales increase after Chinese NY  First sales to Japan completed following extensive qualification process  Jiangsu operation now likely to become cash flow positive during Q3 2013 Following the recommencement of operations at the Jiangsu Lithium Carbonate Plant (“Jiangsu” or “the Plant”) in China, Galaxy Resources Ltd (ASX: GXY) (“Galaxy” or “the Company”) advises that the Plant achieved a solid month of production. The Plant produced 425 tonnes (31% of design output) of lithium carbonate in its first full month of production since operations recommenced in February 2013. Last week, the Plant recorded output of 33 tonnes on a single day (70% of design output) demonstrating the potential for continued production hikes in the coming months. Jiangsu has been producing technical grade (99.0% purity), battery grade (99.5% purity) and EV Grade (99.9%) lithium carbonate. All of the battery grade lithium carbonate produced has met the necessary quality specifications. Lithium carbonate sales are increasing following the resumption of demand post Chinese New Year. March sales totalled 304 tonnes at a value of A$1.9 million (inclusive of VAT). 113 tonnes were sold to battery grade customers, with the balance sold as technical grade. The Company reports battery and technical grade prices are currently almost at parity due to tight supply of technical grade product. Significantly, the Company recorded its first sales to Japan in late March. This is a significant milestone as the Japanese market sets the highest standards for product quality and it only comes after an extensive testing and qualification period. Galaxy Managing Director Iggy Tan said: “We are pleased to have Jiangsu producing at a stable rate again, and we will continue to increase production and sales as part of Jiangsu’s ramp-up program. Subject to sales and the ramp-up progress, the Company now expects Jiangsu to become cash flow positive during the third quarter this year.” In the coming months, the Company will focus on increasing back-end output at the Plant. The kiln, located at the front end, has been operating at up to 18 tonnes per hour (design feed rate) for periods during March, indicating modifications to the internal workings of the kiln during the recent shut down are having a beneficial impact. The newly installed kiln lifters are also allowing the kiln to operate at clos

I am just thankful it has complete, still due update on cash transfer of 4.4 million and 2.2 million bond, so 6.6 million cash. Stake in Galaxy worth 8 million, with be worth 5/6 times that in 8/12 months Creat group are continuing to support us till 2014 May. Update on new investment could be another load of Galaxy shares or take over of them or another company. ATB

RNS confirming cash and return of bond still to come, also Galaxy turning a corner good update from them. ATB

http://www.galaxyresources.com.au/documents/GXYAnnualReport31December2012final.pdf http://www.galaxyresources.com.au/documents/DocGXY276-ProductionIncreasesatJiangsuPlant.pdf