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Wolfofsomewhere it's in a high cash burn sector , so they need the funding. But on the plus side a lot of money has gone into this at a far higher SP the problem here has been Woodford and now Invesco selling down at any price. We only need some big money US backers , the results have all been good IMO
Thats exactly my point, they didnt know about the $4 million in june 2019. So that statement no longer applies!!
Wolfofsomewhere interim June 30th 2019
Wilfred4412, run along back to your TRX and DEV, there's a good chap, looks like they both need your help
Comeonvog - which rns did u pull that from? They just recieved $4 million a week or two ago.
Will funding be via a placing?
As part of the going concern review, the Directors have considered the funding requirements of the Group through consideration of the Group's current business plan and the preparation of detailed cash flow forecasts. Under the current business plan and detailed cash flow forecasts, with ongoing R&D efforts focused on our rare disease products, setrusumab and alvelestat, we expect that our current on-hand cash resources will extend to the end of Q2 2020. Therefore, the Group requires additional external funding within the next 12 months to be able to continue as a going concern. Principally, this funding will be required to complete our current trials, fund our ongoing administrative costs and other general working capital and contractual financing requirements and to commence our pivotal paediatric study and the manufacturing scale up activities for setrusumab as we progress with our development plans for that program.
I think this is why we are down here, get the funding and away we go IMHO
No. A poster by the name of Claire was forecasting 12p yesterday. Sadly, his or her post has been removed. Lol
Any idea why the rise pre open and here? Feel that this could be the bottom?