Pursuant to the Agreements: (a) As agreed development milestones are achieved, SQT will part fund ACE development costs and pre purchase ACE manufactured injectors and fifth generation electronic control units (“ECU 560/580”);
What is meant by the term "pre purchase" ?? does this mean pre paid?? deposit up front ?? In any case I believe ace works on 30 day accounts usually so if there are orders from the various chinese road trials I cant see us doing a cap raising.They have drawn down on the sales facility because they have orders to fill.When the customer pays for those components we make a profit and can make some more.We dont need to build a factory.The basic ejectors are from the states.Getting cheaper by the month.So Im thinking margins are growing if we are pricing in aust $ 's for our goods.
ACE Price at posting:
6.3¢ Sentiment: ST Buy Disclosure: Held
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