QPM's still got to prove it can be profitable, even with the modest aims that it has set itself.
The problem I have with them is that it's always good news, until you realise they weren't telling you the whole truth.
They keep raising cash, and keep spending it, and it's not always clear where it's being spent.
I think, wait until they actually post a net profit.
Even the recent acquisition of the turbines is spending money in the future before the current business case has been proven. And it won't be their own money they're spending. Apart from Eddie King's last modest spend in the cap raising last year, the management haven't taken advantage of the bargain prices. I just wish the company would learn to walk before they can run, and then they'd rebuild trust for shareholders whose $100M of capital they spent on consultants fees.