One of the most delusional presention ever prepared for a rights issue:
1) no explanations for board decision on 8c pricing
2) no explanations for board decisions on rights being untradeable
3) no comments on first 5 shareholders interest on subscription
4) no details on MtCallin cost unefficency and/or on timetable for competitiveness vs Talison
They could have made a one page, one line, presentation .... "give us your money and then pray with us"
I think this presentation shows once more why Iggy should leave for a 3yrs absence.
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Ann: Galaxy Rights Issue Presentation , page-8
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