RE: Cash falling hard14 Aug 2019 09:42
Really? Cash falling hard!
They had £6,527,114 at the end of Dec 2018 and they had £4,322,699 at the end of June 2019. So they used £2,204,416 in the first 6mths of 2019 (or £367,402 P/m), therefore working on those figures they should still have approx £3,800,00 left. At the current rate of cash burn that should provide enough for another 10-11mths. So I would not say "CASH FALLING HARD".
Pleanty time for the sp to go much further north, at which time if they do require to raise cash via a placing, the dilution effect will be minimal.
GL SR