RE: ‼️PLACING HUGE DILUTION ‼️28 Mar 2025 11:21
Against the backdrop of the above, the Company continues to generate NIL revenues and incurs ongoing pre-development (non-cash) expenditure because of the renewal of certain consultants' contracts as well as administrative expenses. In this regard, the board of directors of GCM (the "Board") expects to report an unaudited loss after tax of £1.3 million for the six months ended 31 December 2024 (31 December 2023: loss after tax of £0.7 million). Similarly, the Company expects to report unaudited administrative expenses for the six months ended 31 December 2024 of £461,000 (31 December 2023: £355,000) and capitalised project expenditure for the period of £259,000 (31 December 2023: £173,000). Lastly, as at 31 December 2024, unaudited cash and cash equivalents are expected to be £0.9 million.