GDR20 Sep 2023 07:24
As per the 31 Mar 23 half-year report, GDR had 2.0 m cash following receipt of the R&D tax credit of £0.96m and then there were two RF drawdowns in June and July (300k each). Could someone please calculate how much cash they have to run the business? Without any sales and no RF drawdown since August, I don't think they have much cash left to run the business. Maybe I am completely wrong.