So I can sell my shares I'm a buyer of QRL and will continue to do so. Why? Tightly held stock, good drill results, excellent potential to upgrade it's resources, close to existing processing plant (Barrick). Potential take over target. It's not going to take much for there share price to explode and I can see it happening in the not to distant future.
Its true that a good resource can overcome any managment problems, but the managment of this company (i find) completely inadequite for what the company is involved in. How much money do they spend on consultants? Their project is speculative at best (but has some promise, no reason to think it will be outstanding, or a take over yet - they dont have anything that anyone else doesnt have), their share structure is tight, but their managment keep me looking else where. The market is such that if they send down a drill and hit something amazing 3m @ 1,900au for example - their sp could sky-rocket - its true. This is a trading stock, not a buy and hold in my humble opinion. I dont know when they are drilling next, or when they plan to deep drill the real target, or how much money they have, but ill let this one go to the keeper rather than try to hit a four or a six (bagger). Coz what goes up fast can go down faster. This is all just my opinion.
Ok I'm backing this one for the year, I'm picking up shares when there available but it's hard to get any large volumes.
There is alot of market gurus in here that can understand the numbers and follow or the jargon but these guys have hit visible copper and as silversanchez ( I think it was you ) he dosnt like the board ( not a attack ) but I do know one inportant thing *people*. Tell me one thing (advise) it would take very little for this companys price to reach $1/$2 correct???? I'm very heavily invested into these guys and I'm not about to jump the gun but if the "people" I know are correct you will see the price of silver hit $300. Why: because I'll have enough money to buy so much silver the mints will be dry across the country and than we will all benifete from it Yeh. Ps.. Slightly over estimated my profits there but it still will be a lot
I'm going to beat the drum for QRL, look back 3 months and go through the stocks on this forum. I've taken peoples opinions and turned them into shares and lost a bit of money on the way. MTU, thanks Finicky done ok for me but I sold them last week sometime. Shares are like race horse NO DIFFERENT. You can read the form and make a judgement but unless you know someone in the stable that holds a senior position than the form is just ink on paper. I mentioned that this is the stock of the year and my portfolio is more the healthier for having them. Disclaimer: I know nothing about shares witch gives me a more than above chance of making money Up another 20% today.
Lol. Try running the opposite situation. I like company x There's no gamble I know everything about shares Who's telling the truth? Look at the shares mentioned in the last 4 months and buy all of them from top to bottom. QRL has smashed the others, I see people posting" I missed this one up 15% I've got this one on the watchlist and missed it???? QRL, was 14c a week ago 30c today. I bought shares at 29c and shares at 16c. When they went to shit at the bottom I'd buy and buy "BANG" DOUBLE price "sell" Hold. I know nothing but learnt quickly enough that everyone else knows just as much I will quote you come November. Cheers big ears.
With all the "up X% today" comments on this thread, you could be mistaken to think this stock was going gangbusters. But in actual fact it is still where it was when this thread was started. Not trying to bait or be critical of others, just putting things back into perspective. It may be a great stock, I have not investigated it.
http://au.finance.yahoo.com/echarts...on;ohlcvalues=0;logscale=off;source=undefined; Looks like a good time to short
You are correct there I'd bought shares in these guys at 29c but what has me going is that all the other mining shares I bought at the same time and some that are mentioned on here every week have all dropped But I was buying into company's like cjo and others at the bottom and there still rock bottom but I've bought alot of shares in QRL at rock bottom (well 16c) today 27c, others still up the shit. I've made good money from QRL in the last week and I still hold shares in them that owe me nothing. I'm prodicting (please quote me) that they will get taken over or hit pay dirt. I can only see the $$$ in my bank and they have come from QRL, the others still owe me ALOT.
