Cash Burn 2019… time to sink or swim.
Cash Burn Also did my little bit in the OO plus purchased an additional 75K this morning
Cash Burn Must admit my predictions were wrong; I had expected the OO to be oversubscribed. I wonder if many of you were in the same position as me, in that the timing of the OO was unhelpful – Christmas/NY, moving to new jobs, ISA full, holidays, etc. I’d probably have put an extra couple of K into the excess with better timing. Anyway, the team claim to be satisfied and that’s good news. It’s now time to deliver; we must draw a line under things eventually. The pipeline looks really good, but that’s no guarantee of success – hope this funding leaves the team in a strong enough position to negotiate favourable contracts.
Cash Burn Lionel.thain Indeed! I was very happy to see this OO away with 75% of its intended raise. Glad to have done my bit! Of course we may need to spend some cash on the ‘build’ part of our BOO after a contract announcement. We do have at least one MMU but will that cut the mustard? I expect 2019 will be our busiest yet if Freepoint and/or JGC come up trumps! Good luck all holders and into the breach once more friends . . .
Cash Burn Cash Count Down QFI Bank Balance Cash Burn Nov-18 £1,200,000 £1,200,000 Dec-18 £980,000 £220,000 Jan-19 £760,000 £220,000 Month 9 Feb-19 £1,500,000 £2,040,000 £220,000 Month 8 Mar-19 £1,820,000 £220,000 Month 7 Apr-19 £1,600,000 £220,000 Month 6 May-19 £1,380,000 £220,000 Month 5 Jun-19 £1,160,000 £220,000 Month 4 Jul-19 £940,000 £220,000 Month 3 Aug-19 £720,000 £220,000 Month 2 Sep-19 £500,000 £220,000 Month 1 Oct-19 £280,000 £220,000 Looking at the cash burn I would guess we will have some positive news within the next 3 month
Are you getting involved in the Open Offer? Thanks for sharing, Fillpot! I know most brokers ring-fence the cash and refund any excess you were unable to attain. Certainly wish I could have committed more to my excess facility, but was difficult timing for my ISA. Let’s hope it’s the news we’re expecting come 21st.
Are you getting involved in the Open Offer? Dusty Well both my own and my mrs accounts and isa’s in ii have two lines as follows;- ‘sub shs claims purps’that shows my entitlement ‘excess applications’ that shows our approx 25% extra applications Cash for both subscriptions and excess has now been taken. I feel a warm glow but that could be the readybrek!
Are you getting involved in the Open Offer? Yes just my 10%, would have applied for more, but I had already topped up before Christmas.
Are you getting involved in the Open Offer? Requested a million more
Are you getting involved in the Open Offer? Yes I have reserved my allotment. GLA WR
Are you getting involved in the Open Offer? No. An open offer allows you to acquire newly issued shares at a 1:10 ratio with your existing ones. Investopedia Open Offer An open offer is a secondary market offering, similar to a rights issue.
Are you getting involved in the Open Offer? Ok so I’m relatively new to shares this and FRR, so my question to you more experienced traders is:- do I exchange my current QFI shares to the new one? Thanks in advance Shoo
Video interview with Mike Kirk on QFI progress and O/O Don’t think its you J.K. I believe its a wealthy P.I out of Strabane they are waiting for. Come on Kevin, dig deep, put your money were your mouth is.
Video interview with Mike Kirk on QFI progress and O/O Damn - my identity has been compromised - jk
Video interview with Mike Kirk on QFI progress and O/O The interview was done before the decision to extend the OO deadline as in answer to that question from Dave Legget, Mike replies this Friday which of course was 11th target deadline I am taking the view that a well connected and large holder does need a few more days to get the cash together