when will the games end, page-14

Pedro,

Firstly, you completely miss-interpret your own post. "The purpose of these tricks are to keep the vast majority believing that they ("they" infact being the tricksters not the majority) are the masters and mistresses of the universe."

The point I think you are trying to make is that SiameseParrot (SP) is one such a trickster and that it is only through coinicidence and serendipity that he looks like master of the HC universe in hindsight. I think it a rude and spurious aspersion of someone that has posted on many and various stocks for a long time (and been wrong many times also).

SP made a good call which gives him some bragging rigthts, just as all the posters who derided his judgement should be eating some humble pie. His call about the 350,000 share offer not being a capping tactic is also quite likely correct (though no-one will ever know for sure even if it gets hit, because it could be hit by the manipulating syndicate). The volume and action doesn't look all that suss to me.

Now when a share suffers a long term down trend like CQT the true believers always look reasons such as some machiavellian plan to accumulate cheaply from weak hands. While SP has clearly proffered his reason for the share price slump (Goldfields JV which I agree was piss weak, robbed upside potential and created more uncertainties than it sought to solve)it is quite often the unknown flaw from left field that is the real reason insiders take a share price down. The market rarely goes in the wrong direction for long periods of time.

I have run my knuckles over CQT and made an initial purchase yesterday, based on compelling value as I am a bit of a value investor and contrarian at heart. However, there is one big question mark and risk that could explain the share price action to date and it is not the general market malaise or Goldfields JV.

Without boring all with the detail, I come up with a Mt Carlton untaxed NPV (including equity add-back)of about AUD$600-700M on a fully diluted base of 400M shares. I based the calculation on cost estimates from the recently developed Bolnisi-Palmarejo Au-Ag deposit in Mexico which has similar suplhide hosted mineralogy (ie Resource base of 20Mt @ 4.5g/t Au Eq, 2Mt pa plant, need for floatation plant etc). The numbers are very rubbery of course but I believe fair, demonstrating a cash cost circa AUD$500/Oz and total cost circa AUD$600/Oz eq.

No matter what way you cut it, whether Goldfields buys into 50% of Mt Carlton for $0.75+ per share or looks at taking over CQT, shares could be worth $1.50 plus upside exploration potential. That the upside is limited because of the Goldfields deal doesn't change the fact the first $2 of value is easily attainable with some future exploration success but downside on $1.50 should be limited.

The one big question mark and variable risk is metallurgy, recoveries and cost of final dore extraction. This variable has the potential to blow both capex and opex per Oz Au eq out of the water if it proves difficult and expensive. This may be the reason the share price has continued to retreat in a rising gold-silver market and why it looks on the face of it such good value. I am happy to take a low risk entry at these prices but until the metallurgy is confirmed I am not brave enough to load-up because the market might not be manipulated or "oblivious to great value" but in fact could be telling us something if we listen carefully.

goodluck all holders.