I've kind of had a niggling thought in my head since the presentation and the publication of the analysts report, whether or not a CR is coming soon.
Previous raises have followed the same pattern, including SP movement.
Cash burn last quarter was 2.7m, next 2 quarters will see manufacturing, production, marketing and staff costs increase. Sure revenue will pick up but by how much in first year is unclear. Hartleys have forecast it at 38.9m.
17m in bank (Inc tax rebate and option exercise) or 6 quarters at current burn rate, probably leads to a top up soon IMO.
I've kind of had a niggling thought in my head since the...
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