QPM 0.00% 2.9¢ queensland pacific metals limited

QPM Chart, page-5233

  1. 1,129 Posts.
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    You’re correct however nearly a year ago Management slipped the DFS into an AFS and cited absolute guarantees required by Financiers. Someone suggested almost $100 mill has been spent and there is still no mention of these guarantees or any indication of how these guarantees are progressing. There are now 1.9 odd billion shares and a sp of 5.9c with a sizeable portion needed to be equity to get this project built. This is not being addressed by management. Yes GM etc have a share but where does this leave the loyal SH when on the face of it you’re looking at a couple of billion more shares to be issued to get to FID. This is a very basic snapshot I know but I would be happy to have other more knowledgeable holders prove this up and me wrong.
 
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