RE: Why is share price falling INTERIMS26 Mar 2025 10:49
If the company only had £1.2m left at the end of Dec and is still making a loss of £1m+ per half year, then I would have expected them to have been forced by their Nomad to raise more money by now (end March), ignoring the small income from exercised warrants. The fact that they haven't issued a placing must surely indicate that there must be some reasonably substantial income from Croda has come in? I agree they could have arranged it to come in on 2nd Jan so it wasn't recognised in the H1 results, to protect the confidentiality of the Croda deal as long as possible.