How are people talking of a CR when they have $30m cash in bank, and an $80-120m debt facility as part of the GSA with Dyno... TECH costs will be little to nothing, Moranbah is probably operating at around breakeven currently. Once the new well drilling commences (supposed to be April), well workovers continue and QPM increases gas production, sales to TPS will increase and they may find third party gas sales too. Just do a few seconds of research and look at Electricity prices increase 2-3x fold in a matter of years... What's also going to happen when a gas shortfall occurs over East, as well as when Queensland transitions away from coal, which currently makes up 60% of the electricity generation for them.
This is a no brainer IF they can execute on growing gas supply.
QPM Price at posting:
4.2¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)