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Very clearly says this in the report:
"The Group has prepared monthly cash flow forecasts based on reasonable estimates of key variables including operating costs and capital expenditure through to March 2025 that supports the conclusion of the Directors that they expect sufficient funding to be available to meet the Group's anticipated cash flow requirements to this date."
Pretty much all companies with initial little or no revs so they have to raise at some point, just generic statements.
However as stated above, they have stated they have enough cash for over a year. If any acquisitions come about then they probably will raise but i expect on favourable terms.
Really good article about lab leather with 3D-Bio tissues the main company mentioned making great strides within the lab leather industry.
Goes on to mention various big leather companies such as Hermes who are thinking of collaborating with companies like 3D-Bio tissues.
This is a really encouraging article to say the least. This is basically spelling out what's going on behind the scenes...would be incredible if we partnered with a big fashion house.
https://www.euronews.com/culture/2024/01/22/is-fashion-ready-to-say-goodbye-to-leather
A PI called Myles McNulty has notified that he has gone over 3% of the company. He has 2.95% in shares and 0.25% in a long spreadbet.
A bullish sign imo as he's a well respected investor who is obviously in this for the long run.
Decent rise last few days which is good to see.
Expecting at least a couple of RNS updates between now and Christmas. We have PoC's with several multi billion £ companies ongoing at once...any one of those come to fruition then an mcap of £11 million will seem very silly indeed.
How tight the spread is??? It's currently at 13.33% which I would define as a very wide spread indeed. The mm's raised the ask from 8 to 8.5 on zero buys so they are not encouraging at active market for some reason.
Don't be silly beechknot, pretty sure there is no placing as they raised £2.9 million in March and then received another £526,000 just a few3 weeks ago.
Isn't it ironic that we are now very near your initial target of 6p all those months ago lol.
Would be very good news for BSFA and the wider industry if the Government is indeed going to fast-track cultivated meat approval.
Certainly makes sense to me, far too much red tape in things like this. Cut out a lot of the unnecessary box ticking exercises and get this done.
Who knows but probably at this rate. It's being heavily traded at the moment so when we move to 13p+ we just get hit by sells and move back to the 11p area again.
Mcap is crazy low with what is going on behind the scenes but just need to be patient and wait for company defining news.
So we get awarded a grant of over £500,000 and yet not a single buy.
There is defo no love for BSFA at the moment. Looks like will only take a BIG piece of news to get this moving north again, could do with one of these PoC company names being released, that would cause a stir.
BSFS awarded share of €1.8 million EIT food grant today with 2 other companies. Expecting RNS tomorrow.
https://tech.eu/2023/09/14/eit-food-grants-eur18m-to-three-companies-for-cultivated-meat-innovation/