RE: Major fund raise any time. Fully anticipated.3 Apr 2024 10:56
'No one said we were running out of money'
OMG who is this utter clown?
RF funding has damaged the sp, from 30p to 3p in 12 months and as things stand they are the ONLY possible source for further funding we know of.
I hope Cheek will, on the back of this good news today and more in the pipeline, be able to do a traditional placing. It will mean dilution but at least the funding will not come hand in hand with an activist share holder like RF. I actually think this will rise further today but I am waiting to know with 100% what the funding solution is before I buy back in. If the sp can get up to 7 or 8p today/tomorrow then a placing at 4 or even 5p might be on the cards. Then GDR would be off to the races with that out of the way and RF drawdowns a thing of the past.