Another Cash Call Due Folks10 Aug 2018 11:56
" The Group has sufficient funds through to late Q4 2018 and will need to raise further funds for working capital, CAPEX, loan repayments and project development beyond Q4 2018".
Regardless to the test results, cash via a placing will need to be generated to keep the lights on, this becomes far far worse if the test results fail, as we have nothing else.
On the assumption that the test is successful, a placing will still need to be actioned to keep the project rolling. Worse again, another form of dilution will also to take place if the price is over 5p as a minimum of 1m shares will be created by BOD options, which 1/3 is due by Nov 18.
Although, the potential is amazing, I feel that the SP will suffer massively due to the conspiring dilution that will inevitable incur. Any thoughts?