QPM - QPM Energy

[peter2]

Here's something that you don't see in many investment reports.

When was the last plague in Qld? Other than Labour ministers over the past decade.

 

[System]

On November 26th, 2024, Queensland Pacific Metals Limited changed its name to QPM Energy Limited.

 

[rcw1]

Good evening

$hit loads of volume yesterday (06/12/24) ... nice ... somebody knows something ha ha ha ha ha

15-minute chart

Announcement 4 December 2024 (see attached)

• Binding agreements have been executed in relation to Townsville Power Station (“TPS”) dispatch rights and North Queensland Gas Pipeline (“NQGP”) gas transport and storage services.  The agreements reflect the same key commercial terms previously announced by QPM;
• The agreed terms will result in a significant reduction in fixed operating charges and ensures QPM will be financially robust with capacity to accelerate its’ gas production growth plans
• Total annual fixed charges under the two agreements to fall by 83% compared to current contract terms; and
• The new contract terms would have improved QPME’s FY2024 financial performance by $30+ million.

Daily Chart

Have a very nice Sunday.

EDIT: now attached

Kind regards
rcw1

 

[peter2]

Selected for the Jan comp but could be a worthy contender for most of 2025.

QPM has transitioned from a mineral explorer, low cost nickel production research to gas powered power supplier in Qld.

Has contracted to buy the Moranbah Power Station. QPM already supplies the gas and will now sell the power it generates to the state grid.

Price threatening to break-out to a new high.