this is huge, page-12

nice leg up. Just need a contract.

Looks to me like they are hoping for an audi contract (read lambo). Small production runs, longer lead times and significant margins. Apparently, a new Gallardo has just been launched. Maybe QHL is in the mix to supply some of the carbon fibre bits for it? The fall of the AUD must help them to be more competitive and aid production in Australia.

I wouldn't be surprised if they negotiate an extension to their export finance facility in preference to a capital raising. This will start to be a good cashflow business, many of the costs associated with production will be non-cash (eg depreciation and amortisation.)

It all seems to be building nicely. Been here 8 years and sitting on big losses still even at these prices.