RE: ENET29 Apr 2025 13:01
Yes, but without cash, and a huge cash burn they will not be able to meet their goals.
Not a chance of raising the cash that they need. Anything they raise now will be gone in a month or so, so without income generated from contracts they are fooked.
They need circa £1m, not a chance of raising more than £500,000
Cash burn is £450,000 per month
Work out the sums.
Can see shares being washed in to the market at every move in the SP