RE: Rns out21 Jun 2023 09:30
Okay so where to start!
Was going to start with TLDR but I persevered, admittedly nodded off half way through so it is possible some bits may have been missed....
Kind of felt like they may have written that RNS using chatGPT
However it is very positive to read there has been a lot of interest and the selection of the preferred bidder is now in the final stages, but not quite so encouraging that they also mention should partnering fail they will endeavour for alternate financing options, particularly the part that says "the Group has sufficient cash to meet its corporate overhead until Q4 2023." Whilst I appreciate they had to report this I am not sure how that will strengthen their hand in any ongoing or future negotiations?
I appreciate I am a a weary, tired, battered and bruised chariot investor so try and forgive me for being cynical but lip service isn't going to cut it, we need definitive action, whether that be a partner or finance, hopefully either one of them is just over the horizon, the problem being that kind of feels like what chariots motto should be "just over the horizon"
Furthermore I will be surprised if the RNS gives any confidence to the market. I know all my detractors will strongly disagree with that, but let's just see how the share price plays out over the rest of the day (Quite happy to be proven wrong)
And finally I feel like all of that very long winded wonderful RNS could have been summed up by saying - "Jam tomorrow"