Well, cash spend is slightly decreasing as per their plan
3rd Q was $872k
4th Q is $786k - Gary would account for up to $300k of staff cost for this Q at a rough guess.
$227k est for this Q = $64 left in the kitty if they don't over run.
Around 1.2m pounds has been poured into CRL since July, including gov R&D rebates.
Wording suggests a direct sale for Lochinvar is not on the agenda, rather direct funding to advance the project further. Not going to find a good new asset anytime soon without raiding shareholders/SI's etc for more money or selling Redmoor to fund it.
In the short term, the only hope is Redmoor resource upgrade somehow manages to attract interest, or something amazing from Lochinvar (which is unlikely to change much SP wise imo), otherwise it's death by dilution again. At least the directors/management will feel it as much as anyone else this time.
Get ready to rattle the tin imo, and never take any phone calls to management as gospel.
