I rather QPM focus on getting to production quickly, rather than trying to make the project bigger which just results in more delays.
The longer we are stuck in this pre-revenue stage, the more capital raises will happen which leads to more share dilution, especially at these prices.
And we have been stuck below 300 million market cap which means every 12 months QPM can issue 10% share placement. It does not feel good when the company is diluted by at least 10 percent each year.
The project can always scale up once we generate self sustaining cash flow.
I rather QPM focus on getting to production quickly, rather than...
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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) ? |
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Last
4.4¢ |
Change
-0.001 ( 3.93 %) |
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| Open | High | Low | Volume | ||
| 4.6¢ | 4.7¢ | 4.4¢ | 3443694 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| QPM (ASX) Chart |