While clearly not a $16M underlying profit for the quarter from the gas project, certainly great to finally get an 'N/A' in 8.7
(Note: if the entity has reported positive relevant outgoings (ie a net cash inflow) in item 8.3, answer item 8.7 as “N/A”. Otherwise, a figure for the estimated quarters of funding available must be included in item 8.7.)
Last quarterly mentioned these additional funds were incoming:
You'd anticipate R&D & grant funding to dry up now that TECH is in hibernation/stealth mode.
While the QPME team missed previous revenue guidance ($29.62M v $34.8M Noosa Nov23 preso), OPEX has also have come in well below said guidance (<$29.62M vs $32.0M).
Kudos to DW and team for keeping a tight lid on costs, which on an annualised basis looks close to $10M, and will stand us in good stead if they can maintain that moving forward.
TPS also easily exceeded $200/MWh and net-back gas price was very healthy.
Dyno shutdown also a great experience for how they can optimise the load shaping under continuous operation.
Intrigued by the new firming power generation up to 300MW at Moranbah, which nearly exceeds TPS capacity by 25%.
Plenty of positives, and looking at the corporate preso would anticipate lots more news flow over the coming months.
(20min delay)