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Ann: Vmoto's 2Q24 Market Update, page-32

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  1. VYR
    4,717 Posts.
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    I think you are wrong about the factory being delayed.
    https://hotcopper.com.au/data/attachments/6358/6358103-d17fc574bfcc922a2bb67a29cfa6a0d8.jpg

    The photo in the Q4/23 update shows the foundations complete so the first 2 instalments $1.4m and $2.1 m would have happened in 2023.

    The Photo in the Q2/24 update shows the roof on but the commentary says the external finishes are still being designed so Its likely that the third instalment of $2.1m happened in Q1 /24 and the forth instalment of $2.1m happened in Q2/24

    The final four $1.4m instalments will happen in H2/24 and then the last $700k in Q4 /26 it seems with thigs going pretty much to plan.

    I have been told If sales don't pick up they will lease the building. let's hope that's not necessary.




 
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