RE: Out5 Oct 2024 06:27
Yes because the market works like that and waits for you
Funded until FID and revenues now
Where as most AIM cos raise bi annually
Largest storage facility in the uk with up to 3x expansion
Off take for storage, gas, license news, tier 1 partners, debt funding news to come
Green government and pledge for storage investment
Uk lacking storage
Director skin in game
Non dilutive funding with warrants only exercisable at end of maturity date
160m shares in issue and commitment to minimise dilution is actually impressive at this stage, I usually see several years of dilution before self sustainability
All for sub 5mcap
But us keep telling yourself it’ll wait around a few years before a jump
Fv is probably closer to 40-50m now if you consider what it takes to get a piece of the pie (no one can get in on a placing) as this funding has essentially lit the torch
Literally one of the best deals I’ve seen for a co at this stage, it’s interest on draw downs only and maturity when generating revenue - there literally must be a high chance of success otherwise why offer such deal
Plus it’s on full breakout
All IMO, have a good weekend