QPM 0.00% 3.6¢ queensland pacific metals limited

Ann: QPM to Focus on Gas and Energy Growth, page-98

  1. 259 Posts.
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    Hahaha based on what? Vibes? It's still the same pipeline it was a week ago, MGP isn't connected to the wider east coast market, and the Port of Townsville has no gas export infrastructure, so your market is 2 customers on long term fixed price contracts and a peaking generator. There's nothing there to justify a 4 fold increase. The values produced in Q3 will be same as Q2, TECH wasn't a substantial drain on the budget because it was still in engineering, no long lead items had been purchased.

    the only potential for growth in the region of the MGP is if they can convince AGL to convert Mt Stewart power station from diesel to gas, and that's an aging plant that they've been considering installing batteries at so we'll see.
    Last edited by chemistry8: 23/04/24
 
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