QPM 0.00% 3.3¢ queensland pacific metals limited

GM, LG and POSCO should be providing debt facilities to cover the CAPEX for Phase 1 and 2, page-14

  1. 333 Posts.
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    I feel like the CAPEX cost is blown out of proportion a bit. Yes we need more funding, but it will come. It couldn't come until this DFS/AFS (whatever you lot are calling it) had to drop before things like NAIF could be announced and others no doubt.

    On a side note, tThe current the Melbourne Metro project is forecast to cost over 11 billion, I know this is comparing apples and oranges but with large scale projects for the benefit of state/country money is found.

    The general cost to do business has increased, let alone the cost to build a world class facility (one of a kind) was never going to be cheap. The big boys invested in this company need to protect their investment. Do we honestly think that all the due diligence that GM would have done prior to investing they would have thought to themselves - 'Yeah, let's just roll the dice and have a punt'? No way!!

    Good to see the back of day traders jumping ship, not so good to see the trolls and down rampers piping up and we could have done without losing 30+% of SP.

    QPM is my now offically my biggest holding. I am young(ish) and have a slightly higher risk appetite than others. I expect funding announcements to roll through pretty quick and before we know it we will be back to positive vibes and into the .20s then onwards and upwards.

    Lastly, hasn't Commsec just increased their buy rating from .28cents to .33cents for QPM??? Can someone confirm for me?


 
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