RE: Make or break week7 Mar 2024 12:29
The date of that "last major investment of 80 million" RNS is also worth noting - 23 October 2023, some four and a half months ago.
Then on 9 Jan 2024 they posted:
"As part of the envisaged transaction (the "Financing Transaction"), inter alia, it is also expected that the Company would be required to restructure its financial liabilities with a view to providing a long-term financing solution for the Company to continue as a going concern. The Financing Transaction would also be subject to, amongst other things, approval by shareholders of the Company and consent from certain other stakeholders of the Company."
Then on 9 Jan 2024 they posted:
" Discussions with the Investor on the Proposed Financing Transaction have, since 1 February 2024, continued to make progress and the Investor has re-confirmed their continued commitment to the Proposed Financing Transaction. However there have been further delays encountered with the Proposed Financing Transaction and the initial tranche of funding has, as at the date of this announcement, not been received."
The real giveaway that this finance is nowhere near is: "The Financing Transaction would also be subject to, amongst other things, approval by shareholders of the Company and consent from certain other stakeholders of the Company."
This is basically a rehash of the recapitalisation and funding plan announced on 17 July 2023.