Yep no doubt new management have done very well in regards to setting the business up for future success. I was more than happy adding to my holding once the new contracts had been negotiated and the $30m corporate facility established. The TPS second turbine going down however has made me reduce now as I think cashwise they may cut it close going into start of FY26. No comments regarding greenfield development also backed this idea up. They have tailwinds in regard to net gas back achieved from gas fired power stations and the political backdrop (gas being included in CIS?). Just a hold for me now, but with the newly developed gas that is supposed to come online towards the back half of the year, this will need to go somewhere (and not just all directed to TPS), they should have excess quantities of gas and I'm thinking another peaking generator could be on the cards but we will wait and see.
QPM Price at posting:
6.0¢ Sentiment: Hold Disclosure: Held
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