Me thinks sentiment on QPM has shifted from a company with imminent potential to one of hope. I'm starting to have concerns, that have been voiced by others recently, that the capital markets aren't receptive to handing over the $$$ needed. I just 'hope' it's not like others where 1 year delay (already there), turns to 2 years and then 3 etc. So much damage has been done to the credibility of the company, I cannot see the SP recovering unless there is certainty, major certainty. Many companies have been hurt recently by not adequately understanding capital requirements and capital markets. It looks to me like we are in a period of time where investors refuse to buy/invest based on potential anymore. A company has to have certainty of cash flow, otherwise it's a sell until it does. Are they going to raise the $8 million in the SPP? unless the SP is kinda near 7c on close date, it's debatable. With further delays expected, I think too many looking to sell rally now. I have gone from 95% surety on QPM to 50/50. I'll hold on to my shares and buy the dip rather than do the SPP. Que Sera Sera....
QPM Price at posting:
6.2¢ Sentiment: Hold Disclosure: Held
