What part of what I said is wrong though? Their press release states they intend to support east coast gas shortfalls and overseas markets via "micro-LNG".
How are either of those goals going to be achieved if the MGP isn't connected to the East coast gas system? How are they going to export LNG abroad when there's no port infrastructure to allow that (and they don't have a micro-LNG plant)?
FEX has a price of 28.5c and reported $200m in revenue and almost $30m in profit in 2023.
QPM reported a $37m loss in 2023. So what financials are there to justify the claim of a 20c share price? Again, it's just vibes.
There will be a bump as new investors rush in thinking it's now an energy play, but without growth it can't sustain this price.
So then I go back to the first point, how does it achieve growth in a closed system?
We've discussed this enough over the last 12 mths that surely even you're sceptical that they can substantially grow the gas market without substantial CAPEX to link it to the East Coast.
QPM Price at posting:
4.9¢ Sentiment: Buy Disclosure: Not Held
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