The next 1/4 release, we will see the actuals and can compare...

The next 1/4 release, we will see the actuals and can compare with the forecast.

We have a lot "if's" which will move from theoretical positions to reality, once we have numbers.

As stated before, the "if's" we need to see are the following:

a cash flow positive gas business

an update regarding a feasible FID time fame (my assumption is that we will get another delay)

an update and release of the DFS

What is critical, is that QPM demonstrates a viable business regardless of the Tech side. If they execute this, than at least we know we are close to a floor price.

The downward selling will obviously be if there is a CR rise or when we get the next delay.

The opportunity is really if we see the gas side business developing to a sustainable level and a sell on the delay confirmation.

If we get the opposite, and the gas side does not produce viable numbers. Then QPM really has no long term future.

Time will tell if the bears or bulls win out.