GXY 0.00% $5.28 galaxy resources limited

Ann: Final Offtake Signed Prepayment Received,GMM-GXY.AX, page-166

  1. 94 Posts.
    Hmmm... Confusion again....

    There is no boat. There is no shipment.

    However, there is 'product' in a few small piles on site.

    One client has paid $9 million as a pre-payment and another wanted to see the site (which they had last week) and maybe some sort of mining activity prior to paying the other $9 million. The product is not even anywhere close to a boat but we have received payment. How good is that?

    If you are a customer, would you part with $9million for nothing in return as yet? Obviously you want some assurances in the form of a site visit?
    Last edited by Phoenix78: 18/05/16
 
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