Caught with their pants down7 May 2021 10:14
Very dissapointing update today, bearing in mind the two raises that they have done and Copper @$10k+
They have no more headroom to raise money. This is going to be very uncomfortable going forward, hence the share consolidation, which will mean again £10m+ of share dilution
Putting that in to perspective, the placing will need to be done, or an asset back loan, which will dilute further, so look for 0-.30 or around there before you look to buy.
Again there is still no certainty they can deliver either