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Gelion – acquired patent portfolios update, how’s the cash burn?

‘Battery innovator’ Gelion (GELN) states that it “is pleased to provide an update on the strategic evaluation of the Lithium Sulfur ("LiS") and Silicon Anode ("Si") patent portfolios acquired from Johnson Matthey in March” and the shares have currently responded slightly higher to 37.5p. Good news then?
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