Member Info for DoctorDolittle1

A strong net cash position underscores Ceres' role as a sustainable innovation partner. Financial resilience is critical for partners entering into long-term agreements. Partners are investing hundreds of millions of dollars in manufacturing infrastructure to use Ceres technology to produce SOFC at scale. Partners look for Ceres to maintain world-leading technology and continue investing in innovation and product development. This is very important when negotiating new licence agreements with future partners.

Selective investment to support partner scale-up

To help ensure the longevity of the licensing business model, we continue to focus on investment in key intellectual property to maintain the Company's protection alongside anticipated expansion. Linked to this, Ceres will invest in a facility to supply key components to support partner scale up.

I would read the last paragraph as needing to build another facility to build the secret sauce for our Chinese friends. They are obviosly expecting huge sales going forward.

The fact that directors have put £180k of their own cash in to this raise is enough for me to look to buy more on any weakness over the coming days.

I won't be surprised if there isn't any.

Explorer.

They have already said what the funds will be used for.

The next thing to watch for is an rns in the next few days saying who has bought them. Maybe someone new has crossed the threshold for reporting?