Real sign of confidence23 Apr 2024 08:53
A £3m Mcap company doesn't just go and get a 1m EUR bank loan, they have to prove they have a viable business, they have to prove how they plan to pay it back, they have to undergo expensive due dilligence
Alot we are not yet privy to, but its a huge sign of confidence that the lender was willing to front that amount of cash at such a low interest rate
Look around at the small cap market, dilution after dilution at huge discounts
Its highly probable we start to see regular progress and newsflow from here on in
Additional funding was also mentioned, so thats more to look forward to