QLD is also extra cashed up, with their increased coal royalties...

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09/03/23

12:20

Post #: 66675918
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Originally posted by matrond: ↑

This is a very positive announcement which increases the likelihood of the Federal Government providing some form of support for QPM as well. This is because there is currently a trend where the Federal Government is more likely to co-invest in projects which has confirmed State support and vice-versa. It looks even better if well-known private companies publicly show there support as well, which QPM clearly has.

This is because the Federal Government in it's messaging could, for example say 'For every $X we provided to QPM, $XX of investment was attracted from the QLD Government and XXX big companies/private investors'." Each stakeholder who invests together like this to get the TECH project off the ground could provide a similar message and look great to those they're accountable to, as they can imply that the contributions of other stakeholders wouldn't have happened if it wasn't for their efforts.

I wouldn't be surprised if the QLD Government steering committee assists in providing a financing package where both the QLD & Federal Government provide financial support and other incentives to crowd in the needed equity and other funding needed from tier 1 investors to sell such a message in the coming months.

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QLD is also extra cashed up, with their increased coal royalties too

QPM Price at posting: 11.8¢ Sentiment: Buy Disclosure: Held
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