RE: Upward curve🤔21 Jul 2023 13:22
MYIPA
Taking your figures, you seem to have got £9m of revenue in total for the next 5 years. Current costs are £400k per month so £4.8m per year and thus £24m in total for the next 5 years. This is £15m higher than your projected costs. RF are committed to funding a total of £5m of which £2.6m has been drawn-down to date. Thus £2.4m is available from RF. So this leaves a shortfall, using your numbers, of £15m less £2.4m ie £12.6m. Where do you see this coming from?
The SP continues to fall and will until some material sales start to come through and even then this may not make much of a difference to the SP as more shares continue to be issued, diluting current shareholders further (and this takes no account of the dilutive effect of the warrants issued to RF).
GDR is a risky investment however you look at it and should be only a small part of any sensible investor's portfolio.
GLA and DYOR