RE: 29th September Interim Results highlighted a cash call16 Nov 2023 14:41
24p is around the IPO level and given that at mid September the value was 60p the recent 24p was irrational at best. If the price had been north of £1 I could have seen a placing being an option I suspect this will be financed in one way shape or form maybe a convertible note or straight debt financing. The company are close to going live with a DLE pilot plant producing 1 ton a month. They are not going to give away equity in and around the current share price.