It is nice to see large parcels going through but what about the record breaking gold price. Is CQT not a mining company specialising in gold. It will some day in the near future be a producer but yet the sp still lags. What is going on here, is CQT some joke? A nice point was raised, JT bought 900k at an average of 71c. Why didnt he take up some shares at 68c. Do the management know what they are doing or are they running the company on a day to day basis? Can anyone who has spoken to the company shed some light on the matter. Is GF doing much behind the scenes and when will any GF announcements be made.
What is the use having big investors on board if they are just going to buy at a discounted rate. Its great for future capital raising but if another billion shares get issued before the mine is set up then what price do we put on the company? The company should do a rights issue to allow current shareholders to increase their holding without diluting their shares. A few free options wouldnt go a stray for the long term holders. Maybe a 5:1 rights issue with a free option? Why cant the over subscribe 33mill buy on market and watch the sp fly?
So many questions but never any answers. The sad thing is that I dont think CQT know the answers. So many shares flying today with CQT finishing red. Imagine if america went red last night. The damage could have been worse. Perhaps lower than the issue price of 68c.
CQT Price at posting:
0.0¢ Sentiment: Hold Disclosure: Not Held
