Placement size13 Nov 2023 16:15
Can I ask, has anyone had a go at working out the figures for the expected cash raise needed?
My estimate is around 7.8mil further cash needed by 31st December, with poss further 9 mil for 2024 capex if the hoped for 13mil loan doesn't cover that capex ( if that loan is for capex beyond the 2024 expansion - unclear on this RNS said something like 13mil capex loan would release on expansion of capacity in 2024 and 2025, so seems like it may be released at stages of further expansion, rather than to fund the 2024?
Of course that's all just my estimate, and using similar admin costs and R and D costs from the 1st half of 23 to make it. Plus its unclear how much extra cash is required to 'fix' these bottle neck, maintenance etc problems... so I added a guess to that.
Be interested to hear other's workings on this as how much is needed seems a critical question as to how punished the sp may be when imo that placement arises.
All imo etc. Apologies for any typos,
S