This is highly inaccurate. South Australia quite remarkably does not have its act together, with the energy situation so bad they are considering reactivating mothballed DIESEL generators https://www.copyright link/companies/energy/south-australia-wants-to-restart-diesel-plants-as-cable-dream-frays-20241129-p5kun1. The renewable energy transition is a blatant and quite frankly repugnant lie. All ideologically driven. Renewables have a place as evidenced during the day, Australia is not short of solar generation, but to discard the need for other means of generation at peak times is arrogant. From memory the prices were consistently spiking in SA during the winter because wind was not pulling its weight. Nonetheless, politics aside, the opportunity for QPM to capitalise on the energy transition failures will be great for shareholders.
QPM Price at posting:
5.3¢ Sentiment: Buy Disclosure: Held
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