RE: Serious Question?22 Jan 2026 16:34
Hi stephen11,
The RNS 5th December 2025 states average cash burn is c.£350,000 per month.
Therefore, Cash of £320,000 as at 30th November 2025, Plus £500,000 loan from DN in Dec 2025 = £820,000 (The £500,000 Loan from DN will be converted into shares, so no need to be paid back).
£820,000 - £350,000 cash burn in Dec 2025 = £470,000 cash in bank as at 31st Dec 2025
£470.000 - £350,000 cash burn in January 2026 = £120,000 cash in bank as at 31st January 2026.
Therefore, providing we raise £6mil in Feb 2026, our total cash = £6,120,000.
£6,120,000 divided by £350,000 average cash burn per month = 17.48 months from 1st February 2026 (agreed)!! This status takes us to Mid-July 2027 !!
Of course sales revenue plus Tax refunds extends cash in bank, hopefully to a status of self-financing in 2027 !!!