short term trading week starting - 28th apr, page-44

QBL
I have said i will do stock picks and HCers can chart them into future.I have a one month target on QBL at 10 cents and the reasons are set out below

QBL quarterly is the best by far of over 100 small cap quarterlys i have read today
Disclaimer :i bought $700 yesterday and will add substantialy over coming days and weeks.
Reasons why i like the quarterly and QBL in general

1)Estimated cashFlow last quarter was estimated at $600K however actual cash for Quarter was only $143K, current cash over 4.1 Million vs MC 2 Million

2)Directors own 1/3 of company ( Volcan Australia LTD)

3)MOST IMORTANTLY bauxite mineralisation DSO results coming this month and have potential to be massive

4) All infrastructure, Runs through the QBL new Bauxite discovery lease
""""South Johnstone permit EPM18463 covers an area of 400 square kilometres and is situated 16km west of the deep water port of Mourilyan in North Queensland which is currently used as a loading facility for the regional sugar cane industry. Mourilyan Port can berth Handimax vessels with a capacity of 40K tonnes. There is currently a narrow gauge railway which runs through EPM 18463 carrying sugar cane to the port of Mourilyan. In addition there is a network of bitumen and gravel roads within EPM 18463.""""