RE: I seem to have touched a raw nerve7 Jan 2024 12:28
According to the company published financial report in September, Administrative expenses, which typically includes salaries and benefits etc, for the six months ended 30 June 2023 were £2.1 million (30 June 2022: £2.9 million), with the reduction being attributable to the pre-commercialisation activities incurred in 2022. Admin Expenses also typically includes things like rent, utilities, equipment, supplies, insurance policies, and legal counsel).
You also neglected to include the hefty tax rebate the company will get which adds back to the pile; note the research and development tax credit increased from £3.8 million to £9.2 million in 2022.
A lack of communication from RM could just as easily (and IMO much more likely) be to because of commercial sensitivity. We certainly don't want to be informing the uninvested, traders and competitors, no doubt both categories are well represented on this forum, ever eager to further erode the SP.