questions put to gxy still unanswered.
why is the c/r priced at 8c!
what is the position of the directors & major share holders to participate in this raising?
why is the offer not underwritten?
what attempts did the company make to raise the necessary funds in the last few months and why have they failed?
how much money is to be recovered from insurance if any?
what happened to the battery uptake ( ann. from september 2011:
Galaxy completed a feasibility study for the Battery Project in Q4 2010. The study found that production of 350,000 e-bike batteries per annum would generate expected annual revenue of A$68 million and average pre-tax net cash of A$30 million per annum. The non geared, net present value (NPV) of the project at a discount rate of 10% was estimated at A$187 million, with a project capital cost of around A$134 million. The internal rate of return (IRR) would be around 29%).
what happens if the $ 8 000 000 minimum is not raised?
gooruh25
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