RE: From the canaccord research note,17 Aug 2022 09:15
Think about it. You're a bank or large investor looking at a new tech. There's currently nothing of their current offering operating (movialsa is assumed to be old tech) so you could either take a chance and throw a load of cash at something which is at this stage not proven, or, since you know the company is working on 2 projects which are funded not by yourself, wait and see if they work before chucking in your Β£100m.
Surely that's the option they'd take? We're talking about a delay of deployment an enormous amount of capital of months, which is not long, given what they're investing in. MDC's are key. If they don't work, I'm sure we can all find a bridge to live under happily as a community.