completed it's retrace, page-9

outlook of coming weeks Hi Carmen, if it closes at or above 47c than we could say it's a breakout.

Try drawing your lines from Jan 5th 48.5c high @ to the next high, 12th Jan 47.5 and running it through.

It does show a beakout on friday, by going higher than 46.5, however I personally like to see them close above and no reach above.

Co-insidently, there is a breakout recorded with another trendline from an ealier date, so IMO, i'd say that your right.

Guessing the new high is the harder one on this stock as it could follow path of the other two or bolt.

IMO, there are some major pluses with AQD, such as,
1. Immediate plus cash flow from RIO
2. Management (Ex: RIO and BHP)
Talking about the management, has it occured to everyone that they are being taken very seriously from lots of other companies who are pouring millions into them?
3. Long term income from RIO with Iron.
I think that IOH is a good example of how good AQD could go regarding that, imagine where there (IOH)stock would be today if their reports where more positive, therefore assumning that RIO have done there homework, I would say AQD's chances of Iron rich would have to be positive. AQD get 40% of that deal, RIO 60%.
4. AusQuest Limited (AQD) is a minerals exploration company with projects located in Australia. AQDs projects are prospective for gold, copper, nickel, platinum group metals and diamonds. Iron ore is targeted at the Rocklea and Sylvania Projects, nickel at the Beasley, Bellary, Table Hill and Antrim Projects, gold at the Drummond and Horsetrack Projects and Diamonds at the Plenty River Project.
Drummond Gold Project:The Drummond Gold Project is located in the Drummond Basin, west of Mackay in Central Qld and is prospective for gold mineralisation. Drilling during the September 2005 quarter did not return any significant gold assays.
Horsetrack Gold Project:The Horsetrack Gold Project is located approximately 120km south of Telfer in WA and is prospective for gold. Previous soil sampling has returned up to 314ppb Au. Previous rock chip sampling has returned up to 1150ppm Zn and 400ppb Au.
Beasley:The Beasley Project is located approximately 50km west of Tom Price in the Pilbara Region of WA. The Beasley Project is prospective for nickel, copper and platinum group metals (PGM). Drilling during the September 2005 quarter returned a best assay of 0.61% Ni, 0.26% Cu, 254ppm Co, 341ppb Pd and 62ppb Pt.
Table Hill:The Table Hill project is located 200 km east of Newman in the East Pilbara of WA. Table Hill is prospective for nickel, copper and platinum group metals. Falconbridge has a farm-in agreement for the Table Hill Project.
Antrim:The Antrim Project is located near Argyle in the East Kimberley region of WA and is prospective for nickel, copper and platinum group metals.
Plenty River Diamond:The Plenty River Diamond Project is located approximately 230 km east of Alice Springs in the NT. The project is subject to a joint venture agreement with Rio Tinto whereby RIO may earn up to a 70% interest in the project by completing a pre-feasibility study or by spending $7m.
Bellary (75%):The Bellary project is located 20 km north west of Paraburdoo in WA and is prospective for nickel, copper and platinum group metals.
Sylvania:The Sylvania Project is located 10 km south of Newman in the east Pilbara region of WA and is prospective for iron.
Rocklea (75%):The Rocklea project is located 40 km west of Tom Price in the Pilbara Region of Western Australia and is prospective for iron, alumina and silica

Some of these we should here more about soon.

5. Market cap only 68 mill. Looking at small market cap companies such as AAO 21 Mill, they don't just fly when the news is good (not that AAO had any news for fortell from memory), they rocket.

So therefore, hang in there, this week, next week or by the End of Feb, if we just look at the initial information above, and base out whole outlook on that basis, than AQD should do really well IMO.

Personally, I said last Year that I'm not buying any more AQD, got too many as it is, however, I managed to pick up a further 100,000 options last week.

My only problem is, I'm shieting myself if the price does go down more, as each time it does, I buy more, LOL.