Looks like we have funding for the next 5 months or so, maybe less if we are drilling. Feels like another round of dilution is on its way. At this rate the shares will never appreciate as we just continue to dilute at very low levels. Only a higher CU price or real partner can reduce future dilution impacts
Another piece of dead baggage dropped, which is good, Note "Near Term" significant use of language? divestment of all non-core assets and focus our attention on building the Company going forward around cash flow from high quality assets in low-risk jurisdictions and we look forward to updating shareholder in the near term as further progress is made.
or should we say lowlights, check cash burn Vs cash in the bank......placing hmmmmm Financial highlights: · R&D investment was £4.9 million in the six months ending 31 January 2019, up £1.5 million from the £3.4 million in the six months ended 31 January 2018, reflecting progress across the portfolio · Cash, cash equivalents, short-term investments and deposits at 31 January 2019 of £9.2 million (31 July 2018: £5.6 million and 31 January 2018: £1.4 million
RE: Buying straight from open again05 Sep 2019 18:21
They are burning at least £10m per year. On my calcs they will have around 3 months cash left. I will get some backlash here but feels like placing ahoy. The big boys always get wind first and start selling down ahead of placing buy back, same old story....