QPM 0.00% 3.3¢ queensland pacific metals limited

Ann: Annual Report to shareholders, page-81

  1. 792 Posts.
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    The thing is the fundamentals have changed, we're now probably looking at a set up cost that's probably increased by a couple hundred million (at least from when I first invested) and rapidly rising interest rates. And as much as people seem to think these delays don't mean much if we have to do another capital raise at these prices we're going to see far more dilution.

    With all these factors our potential returns have probably diminished significantly.
 
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