No news - Funding will have to come first9 Jan 2024 08:50
From the R & A 2023 page 14
In exchange, Valkor will pay Quadrise US$1.0 million
subject to receipt by Valkor of a minimum US$15 million
of PPS project financing referred to above, which
Valkor expect to receive in Q4 2023. So this has not happened
Page 17
Based on the latest Company forecasts which
assume the anticipated and important receipt of
an aggregate of US$1.5m from Valkor as described
above, these funds are expected to be sufficient to
reach forecast commercial revenues and cover net
project expenditure and fixed costs up to the end of June
2024.
Working back from June $1.5m or £1.18m at the end of January
QED will have just over £100k in the bank. With a burn of £270k PM
Based sadly on NO news yet I believe the BOD will have to do
a funding now they can not let the company run out of money
Also on page 17
Additional funding will be required beyond this
point to bridge the gap to the generation of sustainable
positive cashflows, which are currently planned to
commence in H2 2025.
I'm now thinking a funding will come first based on no news and they mast keep the company solvent