So I've been doing research on Dirk's comments about 4-500% increase in bedding sales. At the AGM he stated that alexicool sales are running at almost 90mt per month run rate at end of FY. I had a look at one of Petra Capital's report and they put alexicool's price at $7 per pound, being conservative I'm going to say bedding sales increase by 200-250% and ill say that all sales for alexicool are coming from bedding. These are the numbers-
90MT per month +200-250%=270-315MT per month X 14,000=$US3,780,000-4,410,000 per month or $US45,360,000-52,920,000 per annum. If my numbers are correct no wonder they wanted to cap raise, they need serious cash and then we've got all the other growth options they have.
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