A lot of variables at play, but this announcement also has a nugget of insight into the overall equity injection QPM is looking for at FID with the statement that ‘GM will invest the maximum amount possible under its commitment, subject to GM’s total shareholding in QPM being less than 10%’.
Since I sold most of my position back in April I’ve been slowly scaling back in. I’m pretty happy with this vote of real confidence given the macro environment, so I’ve continued to build today.
A lot of variables at play, but this announcement also has a...
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