Shipment slippage and sale stall see Galaxy slapped

SHARES in Galaxy Resources were hammered this morning, after the lithium miner posted lower than expected sales, and flagged it was unable to fund a buyer for its massive Sal de Vida brine project in Argentina at a price it felt fairly valued what it calls “one of the best undeveloped lithium resources” in the world. 

Shipment slippage and sale stall see Galaxy slapped Shipment slippage and sale stall see Galaxy slapped Shipment slippage and sale stall see Galaxy slapped Shipment slippage and sale stall see Galaxy slapped Shipment slippage and sale stall see Galaxy slapped

Sal de Vida.

Galaxy produced 41,874 tonnes of spodumene concentrate for the quarter, up 24%, and exited March at an annualised run rate of over 200,000tpa with falling cash costs, but the market was concerned