Ann: Vmoto's 2Q24 Market Update, page-47

The big picture.

The new factory is only required when the old factory is bursting at the seams pumping out lots of parts and products and circa 150,000 assembled bikes a year. That is 300,000 equivalent completed units. At that time it will be earning conservatively $300 /unit equivalent which is $90m /year. If it takes 4 years to get there they will have circa $200m in cash which is a more than adequate amount to eliminate any concerns you might have.

In the lead up to that, if it looks like taking a while, the spare space will also be leased out to store someone else's inventory.

Good to see Ukraine getting the upper hand, Israel agreeing to a peace plan and the RBA talking about delaying dropping rates rather than putting them up.

Just need a bit of consumer confidence to kick the sales.