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Old 11-17-2015, 03:38 AM
Sparty Sparty is online now
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Default Galaxy now in a good position financially to restart several projects

Anthony Tse, Managing Director of Galaxy commented: ?This debt refinancing is a major milestone and marks the final stage of the Company?s balance sheet restructuring, that has taken more than two years to complete. Galaxy is now financially very well positioned, with a significantly strengthened balance sheet, as well as near term cashflows expected from the restart of Mt Cattlin at the end of the first quarter of 2016.? Read the full announcement

Galaxy is aiming to re-start its Mt Cattlin operation in Western Australia and is planning to develop a lithium and potash brine project in Argentina. More at www.australian-lithium.com

 

Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice.

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