re: Ann: Galaxy Recommences Capital Raising a... guess the liberal issue of options is another SPP built into this one
so basically a double hand out for money
so the beast is used to being fed and will not change it's tune irrespective of circumstance
The board had a chance to show real leadership and a willingness to adapt to market situation and past mistakes - missed on all points, bar the "promised savings" which I will believe in when I see them
For a company with the current income potential to see such an overgrown board (due to past dealings. finance and TO) is NOT sustainable.
GXY currently is unable to manage debt - what makes any of you think they will be able to bring SdV into production ?
How can a "non under written" SPP cost almost 10% (at the lower end) ???? Who is getting that money ? And bear in mind the first thing being paid out of the SPP is the bridging loan.
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Ann: Galaxy Recommences Capital Raising and Supp , page-14
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