Am I dreaming or what.
I love companies that can execute to a plan. I had not heard about QPM and then watched the stocks down under youtube channel (and then reviewed the videos from a year ago) and got hooked on to it. This company has gas generating wells, with more gas available from coal mines (policy push to reduce flares in coal mine or shut down), some more well being brought online, ability to sell during peak load with better pricing power from July 2025. The growth flywheel is phenomenal. Heads I win and tails I win more.
120M market cap company with cash in hand, backed by a good leader and a project of national significance. And then the company generates 7M on Nov 7th (slide 13 of
https://hotcopper.com.au/threads/ann-noosa-conference-presentation.8314137/).
The three major milestones for QPM in next 6 months are:
1) Renew contract - reduces fixed cost and adds to revenue as well. (
https://hotcopper.com.au/threads/ann-finalisation-of-agreements-with-tps-and-nqgp.8351394/)
- Townsville Power Station to run on gas turbine and steam turbine will go into care and maintenance. This is a 10 year contract with a review every 3 year. This will show in company revenue from July 2025.
- Contract for North Queensland gas pipeline. Dont completely understand it but it is supposed to reduce operating cost.
2) Bring the newly drilled well online. This is in progress and the gas production is expected to increase by 15% by June 2025.
3) Update on resource base.
David Wrench is the kind of leaders I like to back. GLTAH.
Growing Slow and Fast.
PS: Hot summer days have a different feeling now. $$$$ . Can't wait for the 1H update in Jan 2025. TECH project can happen at its pace.
(20min delay)