Cash Flow11 Mar 2021 17:16
Have I got this correct?
In QFI bank £500,000
Bergen £500,000
Current Funding £6,500,000
Total £7,500,000
Current burn rate £225,000 per month from memory, which if maintained would be enough cash for 2 years 9 months i.e. end of 2023. Think Mike said the current funding is enough to summertime next year i.e. 15 months which is increasing the monthly burn to £400,000 - £450,000 what the extra money going to be spent on?