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4.2¢ queensland pacific metals limited

It actually has a relatively low sensitivity to commodity price...

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Zerosignal84

392 Posts.

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28/11/22

09:47

Post #: 65019339
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Originally posted by Danharks: ↑

It’s not uncommon for small caps to drop after announcements. Buy the hype, sell the news is a common small cap strategy.
Yes it’s a large capex, and yes project economics could shift as commodity prices fluctuate. As with any project/commodity. what if lioh/sc6 prices went back to pre 2020 prices, half the developing projects no longer have compelling project economics - but that commodity shift is unlikely due to the sustained demand forecast, cobalt and nickel unlikely to fall through the floor because of a reciprocal sustained demand forecast linked to battery metal requirements.

people can throw around what ifs, it’s this simple. If you have a zero risk appetite - don’t invest in small caps, if you expect overnight returns, and no short term fluctuations, don’t invest in equities.

I’m sure GM’s team conducting due diligence were a little more thorough than some keyboard warriors saying “what if spot price goes down”. There will be some further dilution on the part to commercialisation, but even considering that as a certainty, the FS economics remain compelling enough to remain a LTH.
GLTAH

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It actually has a relatively low sensitivity to commodity price movements.

QPM Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.2¢		Change 0.000(0.00%)		Mkt cap ! $84.52M

Open	High	Low	Value	Volume
4.2¢	4.2¢	4.2¢	$8.885K	211.5K

Buyers (Bids)

No.	Vol.	Price($)
8	1038812	4.2¢

Sellers (Offers)

Price($)	Vol.	No.
4.3¢	660646	10

View Market Depth

No.	Vol.	Price($)
8	1038812	0.042
3	3000959	0.041
8	1507375	0.040
7	1322377	0.039
5	506315	0.038

Price($)	Vol.	No.
0.043	660646	10
0.044	438839	4
0.045	150000	1
0.046	102453	4
0.047	80000	1

Last trade - 10.07am 08/05/2024 (20 minute delay)


Last 4.3¢			Change 0.000 ( 0.00 %)
Open	High		Low	Volume
4.3¢	4.3¢		4.2¢	295983
Last updated 10.57am 08/05/2024 ?

QPM (ASX) Chart

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