Cash ‘n burn19 Feb 2020 09:49
Prob. no help but the £1.79 m expenditure June to June ( fairly high and unsustainable) is offset by R and D 0.84m. Received at unknown date post August. Balance of £950,000 as “ working capital spent” . Unsurprising pre-tests. That’s where the money goes. Q2 alleged test results (according to last year RNS ) leaves a while. Enough “ working capital” to coast atm.
As I said...perhaps this post redundant or no help. But stated cash in hand is crucial for unexpected or the expected. I hold one other share-doing terribly because of the” corona effect” on China demand.. But it is debt free and cash rich with high NAV.
Take pain and wait.