RE: £446k sell just gone through..30 Mar 2026 15:27
To answer a couple of questions. Why are Metals One selling now? I believe there cash burn is very high. I have asked on the Metals One messenger board what the cash burn is and this has not been answered. They have multiple early stage projects and have too many plates in the air burning cash.
On the warrants point if they first exercise the warrants this brings in capital of £1.2 million to CTL and I very much doubt they will have that much cash etc.
I think Daniel should answer this question. It very much depends on where we are clearly we had dilution when this placing was executed however circumstances should be different in terms of investors, etc, and price by the time these can be executed etc.