RE: Rto??9 Jan 2026 17:06
Just asked AI and it says otherwise..
Apparently the old cashburn rate i worked out from the intrims was too high because they were paying off old liabilities. So it's just admin now at a much lower rate ..
Approximately 15β18 months from now (mid-2027) before cash depletion on the current run-rate, but a raise will likely be needed sooner if/when a reverse takeover target is pursued.Breaking it down based on the latest reported data (unaudited interims to 30 September 2025, published 30 December 2025):Cash balance at 30 Sep 2025: Β£599,702
3.3 months have passed since then (to 9 Jan 2026), so estimated cash burned in that period: **Β£105,000** (at ongoing rate β see below)
Estimated current cash: ~Β£495,000
Ongoing monthly cash burn proxy:Recurring administrative expenses were Β£189,247 over the 6-month period β ~Β£31,500βΒ£32,000 per month
This is considered the best forward run-rate now that the balance sheet clean-up (one-off liability settlements that inflated the reported Β£65k/month average) is largely complete.
Management describes future G&A outflows as βexpected to be modestβ, consistent with this lower level.
Runway calculation:Β£495,000 Γ· Β£32,000/month β 15.5 months from now.
Gives a buffer into mid-2027 assuming no material increase in spending.
Important caveats from the company itself:Current cash is βconsidered sufficient to cover the Company's near-term due diligence requirements on potential acquisition targets.β
Worse comes to worse i think we are definitely safe for another 6 months