For a still loss-making company I was surprised at the level of institutional ownership with the well know fundies and even the LICs in there. Seems to have some very exciting possibilities but wonder who the incremental buyer is going to be before they reach CF breakeven which still looks some time away. Tempted to buy but looks like it could trade sideways for a fair while after the cap raising. A bit surprised this has a larger market cap than RUL which has proven tech, scaling and profitable.