What part of what I said is wrong though? Their press release states they intend to support east coast gas shortfalls and overseas markets via "micro-LNG".
How are either of those goals going to be achieved if the MGP isn't connected to the East coast gas system? How are they going to export LNG abroad when there's no port infrastructure to allow that (and they don't have a micro-LNG plant)?
FEX has a price of 28.5c and reported $200m in revenue and almost $30m in profit in 2023.
QPM reported a $37m loss in 2023. So what financials are there to justify the claim of a 20c share price? Again, it's just vibes.
There will be a bump as new investors rush in thinking it's now an energy play, but without growth it can't sustain this price.
So then I go back to the first point, how does it achieve growth in a closed system?
We've discussed this enough over the last 12 mths that surely even you're sceptical that they can substantially grow the gas market without substantial CAPEX to link it to the East Coast.
- Forums
- ASX - By Stock
- Ann: QPM to Focus on Gas and Energy Growth
What part of what I said is wrong though? Their press release...
-
- There are more pages in this discussion • 116 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add QPM (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $90.56M |
Open | High | Low | Value | Volume |
4.6¢ | 4.6¢ | 4.4¢ | $132.9K | 2.963M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 231474 | 4.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.5¢ | 284308 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 231474 | 0.044 |
7 | 630471 | 0.043 |
3 | 377500 | 0.042 |
3 | 495000 | 0.041 |
7 | 435500 | 0.040 |
Price($) | Vol. | No. |
---|---|---|
0.045 | 284308 | 1 |
0.046 | 80714 | 3 |
0.047 | 80000 | 1 |
0.050 | 212500 | 2 |
0.051 | 560000 | 4 |
Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
|
|||||
Last
4.5¢ |
  |
Change
0.000 ( 1.58 %) |
|||
Open | High | Low | Volume | ||
4.6¢ | 4.6¢ | 4.4¢ | 2141350 | ||
Last updated 15.59pm 06/05/2024 ? |
Featured News
QPM (ASX) Chart |
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Steven Gourlay, CEO
Steven Gourlay
CEO
Previous Video
Next Video
SPONSORED BY The Market Online