RE: Trading update7 Dec 2023 11:14
That's not the context of the wording of the RNS. It's not about Apple or tech development over the cycle period; it's about shareholder value. That means a return of capital early 2024 (months away) and expecting demand growth to mean they are self-financed in 2025 (2 years)
"Our customers' global reach, proven credibility, and ambitions for this technology, emphasise the opportunities for Nanoco. Alongside the intended return of capital in 2024, the Board is confident that the Group will deliver increases in shareholder value in the medium term."