QPM 1.47% 3.4¢ queensland pacific metals limited

Associated News, page-3024

  1. 242 Posts.
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    Yep I agree the ramp up of production probably taking longer than originally thought when the first ann came out April last year. The acquisition being delayed certainly didn't help. They have to get drilling started as planned in April, otherwise I fear the cash on hand will slowly dwindle and turn into a potential cap raise when TPS isn't generating the earnings as per projections, with TECH costs still being in play albeit significantly reduced. From memory, they did post roughly $34m in revenue for Mar 24 in guidance last year and they won't be too far off but they certainly did get helped over the line with some volatile Jan/Feb prices.
 
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