RE: As discussed yesterday - keep the faith for the huge Rerate12 Oct 2025 07:28
I really don’t think a raise is coming. They had c.300k at March 2025, with most of the cash from the last raise coming in post year end and all of the grant money coming in post year end.
Even if they did do a raise, it would just be for a small amount like £1m. They also didn’t even raise at a discount in March 2025.
Given the many multiples possible here if you have the right time horizon (which actually isn’t that long), no one should be fussed about a theoretical risk of a £1m at the money raise.
Unfortunately, people like Saxman and Stt1 just don’t get it and can’t see the opportunity.