RE: Evening cloggers16 Nov 2024 14:23
Yup good call Dr. I too got it wrong as I was convinced that there would be some provision in the JV for funding without the need for a raise. I did however recognise that there would be need for a raise at sometime after all this is AIM. It doesn't take any skill to predict cash burn or predict the need for raises as this life for the majority of companies on the AIM market. Saying all that, the need for a raise should not be used to cast undeserving doubts about a company's prospects especially in our case when we are embarking on our recovery. I've just been on the LSE condor site (CNR) and they have just taken out a 475,000 loan just to keep the lights on whilst they are in a sale process yet I didn't see anyone on that site detracting from the point that it was needed not did anyone use the situation to build a bearish position against the company.