RE: Valuation13 Nov 2025 12:56
Current SP is discounting the £5+ million
There should be £10m from the raise, minus £4.5m spent on ETH, minus other running costs since the raise and minus the £100k spent on Tao. So £5m+ should be in the bank.
Worth noting that when the SP was around 0.15p and they announced the ATM shares, Olivia Edwards stated that they would ot consider selling the ATM shares with the share price as it was, below NAV. They defo have cash but we may have to wait until the annual results to get the exact number....due out end of December.
In the meantime if emissions keep growing on the subnet at current rate we will be putting £millions of new money on the balance sheet. That will look good in the results when they mention recent evens since year end.
Subnet looking strong today but around £15k of share sales has knocked the SP.