There are a number of possibilities Here are some in random order .. I won't go into details.
1. A takeover.
2. Exceptional drilling results coming in.
3. A large placement to "sophisticated investors"/Goldfields in order to accelerate exploration and development. Azure Capital have been employed by CQT. They provide advice for raising capital.
4. The March quarterly was released on 24th. April ... maybe time is needed to finalise market sensitive information for the June quarterly.
CQT Price at posting:
0.0¢ Sentiment: None Disclosure: Held
