QPM 2.22% 4.4¢ queensland pacific metals limited

Management is like "Ok, we got some delay on the Tech project....

  1. 72 Posts.
    lightbulb Created with Sketch. 121
    Management is like "Ok, we got some delay on the Tech project. While working/pending on funding, what else can we do to generate cash on the side without going off track? Well, how about trying to monetise the seam gas."

    Most metal and chemical developers out there are at most only aim for value-adding/vertical integration/new product within the same sector. Only the bigger cash making, growth driven companies has the vision to diversify to a new sector. Meanwhile pre-revenue QPM is already having a go at another sector.

    There is arguably no downside to this. If you make a profit purely on the gas, you have a profitable new division. If you don't, just feed the gas to the TECH project. 2 birds one stone. If you main project fails, whelp, you wont be thinking of buying the Moranbah project, won't you?

    Think of this as picking free money on the floor while on your way to the shops.
 
watchlist Created with Sketch. Add QPM (ASX) to my watchlist
(20min delay)
Last
4.4¢
Change
-0.001(2.22%)
Mkt cap ! $88.55M
Open High Low Value Volume
4.5¢ 4.7¢ 4.3¢ $228.6K 5.093M

Buyers (Bids)

No. Vol. Price($)
3 159614 4.4¢
 

Sellers (Offers)

Price($) Vol. No.
4.5¢ 374204 2
View Market Depth
Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
Last
4.4¢
  Change
-0.001 ( 3.93 %)
Open High Low Volume
4.6¢ 4.7¢ 4.4¢ 3443694
Last updated 15.59pm 03/05/2024 ?
QPM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.