There is also the fact that Qpm is basically unlocking credits for the miners - removing the need to store the 'waste' limonite ore that they cannot process themselves and ship it off to Qpm. (See below attached or have a look at the recent offtake Mou.)
Not only is Qpm creating a green enviroment due to low emissions they are helping remove the need for tailings/waste pilings.
I agree with @sigmadelta that traders are being pesky but once they do some fundamental analysis (if theyre capable) im sure they will take 80% profits and leave a cheeky 20% in for the long haul...
There is also the fact that Qpm is basically unlocking credits...
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Last
3.0¢ |
Change
0.001(3.45%) |
Mkt cap ! $75.63M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 3.0¢ | 2.9¢ | $20.14K | 672.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1328252 | 2.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.0¢ | 280088 | 2 |
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| Last trade - 15.57pm 13/09/2024 (20 minute delay) ? |
| QPM (ASX) Chart |