GXY 6.55% $1.57 galaxy resources limited

Pretty clear in the report what it was spent on I thought?Cash...

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    Pretty clear in the report what it was spent on I thought?

    Cash Flow

    The Group’s cash flow from operating activities forFY2018 was US$57.8 million, 32% higher than FY2017(US$43.8 million). The improvement was driven by anincrease in volumes of spodumene tonnes sold (40%) andby improved commodity prices (18%). However, theserevenue gains were offset by higher payments to suppliersincluding increased mining and other operating costs.

    Net cash outflows from investing activities in FY2018were US$77.1 million, an increase of US$50.1 millioncompared to FY2017. Major cash outflows relatedto investing activities were US$29.7 million in paymentsfor property plant and equipment at Mt Cattlin,US$17.6 million in exploration and evaluation costs atMt Cattlin, James Bay and Sal de Vida, and US$22.4million in payments for financial assets. Investing activitiesalso included US$14.5 million in payments relating tothe POSCO transaction incorporating a US$8.8 millionturnover tax payment to the provincial governments.
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