RE: Trading Update17 Feb 2021 10:11
My only issue with the update was the admission that royalty revenue will only be visible from 2024 (in line when companies ramping up the manufacturing). Ceres do not have control of how other companies do things and this introduces uncertainty of future earnings. Only when we see the companies selling units can we start to understand how much royalties the company can generate for future earnings. I would like to see royalty revenues a lot quicker than this.