RE: £6m placing at 1.75p7 Nov 2025 07:21
Seems like the SP jump from 1.80 to +2.60 was due to a leak? Post-dilution SP (11.5+6 million divided by new shares) will be around 2p; so, if it closes above 2p today, the Mkt will have given it a vote of confidence (as also are the GBP3 million already placed with Institutions) .
Either way, the Co is fully funded for another year at least, so existing holders can either subscribe to the Retail Offer (equal to about 8% of their holding), or just stomach the dilution. The Co will have a mkt cap near to 20mln, fully funded for a year, new investors, support by existing Inst. Investors so, yes, we may suffer a ST "paper loss" but IMO in a year's time all will be history.