RE: Another sell22 Oct 2025 18:31
RE: Another sellToday 17:56
Right, you can’t argue with facts !
As of 31st December 2024 RRR had £6k yes just £6000 in the bank - Fact
Running costs for the previous 6 months had been just over £1.5 million pounds, so for sake of arguments that’s £250k per month.
10 months on running costs to now would have been £2.5 million
RRR hasn’t raised that much so only other way they have got that money is to have borrowed more (supportive lenders)
The problem with this is the extortionate interest rates, so one can only assume the debt payments each month knows a lot higher than the 6 months in the interim report, meaning cash burn is probably well over £300k per month now - So the £1 million would last just over 3 months - Ooooppps take the pow payment out and it’s under 3 months. That’s without paying any debt off -
This company is screwed