RE: Back to 0.4-0.5p. Funding done. Cooley piling in. Mcap peanuts.3 Nov 2024 23:12
They just said in the placing RNS among other things, “working capital purposes to provide comfort to the Company's supply chain partners.”
Many companies won’t enter into agreements unless they know your funding is substantial for duration of contracts. This could easily be a condition.
Cashed up with £3.5m including the Aussie tax rebate, puts them in a good position if revenues increase from here. And the cap is still TINY 👀