Excellent RNS / Update21 May 2025 19:06
Very strong financial update and annual report just released
Key milestones in 2025, including the FEED study commencement (February 2025) and a feedstock agreement negotiation with Touchstone Capital Partners (March 2025), signal progress toward a Final Investment Decision. The £250m Train 1 funding, targeted via green bonds, debt, and equity, is supported by a diversified supply chain and a £750,000 share issuance (February 2025), boosting liquidity.
Post-year-end cash is estimated at £766,673 (£16,673 + £750,000), providing a runway through mid-2026
Upcoming RNS catalysts within three months include FEED study updates, potential Ara Partners investment terms, and feedstock agreement finalization, which could drive share value. The board’s expertise, gender diversity, and alignment via significant shareholdings (e.g., Paul Atherley at 37%) enhance governance.
High reward potential vs low risk here. £5 a share by end of July