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7.69%

3.6¢ queensland pacific metals limited

shorts began on 30th quarterly came out on 30th according to...

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Glish

1,046 Posts.

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14/05/24

11:47

Post #: 73813593
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Originally posted by highlvlofswag: ↑

100% agreed. I did post last night saying it just makes no sense whatsoever... I think due to the performance of the company and the negative sentiment a major backlash has come through when the answer is completely unknown. The short position uptick coinciding with this however is not reading very well.

I think most people had placed the company as running at breakeven currently (although given TPS output this looks like a slight operating loss), drawing down on the funding from Dyno and expanding gas production, while sitting on a cash position that was very comfortable incase of any short falls in the near term. It seemed quite simple, just needing execution on the gas growth.

I'm not exactly sure where this CR fits in and my last order was put through on the assumption no CR was imminent considering the quarterly and cash position. The uptick in shorts begins 1 day after the quarterly, so it could've been decided immediately after this quarterly that they were going to raise funds and they will get away with it.

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shorts began on 30th quarterly came out on 30th according to poster above.

QPM Price at posting: 4.1¢ Sentiment: Sell Disclosure: Held
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(20min delay)
Last 3.6¢		Change -0.003(7.69%)		Mkt cap ! $90.75M

Open	High	Low	Value	Volume
3.9¢	3.9¢	3.5¢	$272.8K	7.428M

Buyers (Bids)

No.	Vol.	Price($)
12	1700506	3.5¢

Sellers (Offers)

Price($)	Vol.	No.
3.6¢	249996	1

View Market Depth

No.	Vol.	Price($)
12	1700506	0.035
12	1351222	0.034
12	1795405	0.033
5	648406	0.032
6	814251	0.031

Price($)	Vol.	No.
0.036	249996	1
0.037	83333	1
0.038	440816	6
0.039	377152	4
0.040	2139005	9

Last trade - 16.10pm 29/05/2024 (20 minute delay)


Last 3.5¢			Change -0.003 ( 7.89 %)
Open	High		Low	Volume
3.8¢	3.8¢		3.5¢	3613921
Last updated 15.46pm 29/05/2024 ?

QPM (ASX) Chart