Peter you wrote "my feeling is that the way the market is at the moment this will test .003c againas there has been no recent news"
Think its more aligned with- you hope it hits .003 c - good luck with that !! Peter sounds a little like a down ramp without substantial information
Sure there has been no news because we already know whats happening in June- the only possible announcement before jUNE DRILLING will be who has been awarded the contract for first vertical drill- we know the global market is trying to sort itself out - in the meantime Indonesia is hungry for more energy and we are a potential player in that space/sector
we intend to be a supplier to the energy industry in Indonesia so therefore lets say they drilled in june on their prospective ground and based on their high probability identified drill targets they came up trumps then the share price won't be under 1c -dont forget they plan on drilling 12 targets in next 12 months so if 25% hit pay dirt this stock will move very fast- doubled my holdings at .006 because from here i feel there is minimal downside risk
Not to mention Broker report had a target of 2c within 12 months so if achieved based on up and coming activity your looking at a 300% profit in 12 months- now where else can you get that return at the moment- sometimes these specs can pay massively if your patient
cheers and good luck
MMM
QPN Price at posting:
0.6¢ Sentiment: ST Buy Disclosure: Held
