Of this now going sideways is looking correct. It seems to have rerated back to 10p area and is now waiting on further news. Good news and this will boom bad/no news then back to 5p followed by 3p
This will go on for weeks/months now until we hear something.
Funding will be later in the year, if not next year. But if they land a few deals that can generate money, this will push funding further and further away.
And they wont announce funding until they have contracts, or they wont raise anything. And they might just bring a partner in and not even need funding.