RE: Investor presentation next week5 Sep 2025 13:30
This provides a strong backdrop for potential future demand for RC Fornax's services, and indeed, since publication of the SDR, the Company has seen a marked increase in customer engagement. Several previously dormant discussions with major contractors have resumed, and the Company is now progressing a potentially significant partnership with one of the UK's leading defence contractors. The Board is hopeful that this opportunity will deliver material value over the medium to long term.
However, whilst management had previously assessed that its diversified tier-1 and prime customer base would be resilient ahead of publication of the SDR, it is now clear that a number of existing and prospective customers have delayed or reduced their short-term spending and development activity which has negatively impacted demand for the Company's services in recent months. The Board now expects that this situation will not unwind immediately and that the impact may be sustained for the next few months while existing and potential customers assess their needs and budgets in light of the findings of the SDR.
So a few months delay on contracts due the the SDR. This was from June so could see contracts getting signed soon.
This price could turn out to be a gift in a few weeks time