RE: Is fund raising Tomorrow?27 Nov 2024 16:49
On the question / pot stirring over funding, please refer to the RNS dated 1st November - FINAL RESULTS :
Alongside our ongoing initiatives in cost preservation and reduction, we believe we are well-capitalised following the oversubscribed l capital raise in August 2024. Additionally, potential commercial farm-in discussions may enable us to recover a significant percentage of costs associated with PEL0094, which would notably enhance the Company's financial stability.
So: Expect a nice $$$ sweetener from a the commercial partner to boost the pot as part of the farm-out terms. Beleive me their pockets are so so deep and will have a significant material impact in terms of financial stability