RE: £25 mn Enterprise Value23 Jul 2021 12:25
People sell for many reasons but new investors are holding back. I think the main reason is cash concerns and the fear of a raise.
However, this is not like a normal aim company. We have already a jv financing arrangement in place with Talaxis, ongoing discussions with other parties, and MKA is a likely takeover target.
If the rutile results are excellent, this may be sold off.
They are likely to ramp up the share price before any raise which I can't see being large, but just one for working capital
Remember the directors are heavily invested and the BFS has been fast tracked.