QXR 8.33% 0.7¢ qx resources limited

Amazing volumes, page-11

  1. 1,367 Posts.
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    IMO management realy dropped the ball with these last two Ann’s.
    The Cobalt Ann couldn’t have been more underwhelming if they tried.. bugger all information on the projects and “the boys club” sticking their finger in via 1620 Capital.

    Now this latest battery tech Ann raises more question than answers and certainly makes me question whether management have done their homework on the tech. Seems unlikely to me that this Benson guy will have invented something better and quicker than companies like LG Chem who put millions upon millions into R and D..

    I also don’t understand why management have put us in a position with very little money in the bank.. Management have realy dropped the ball on this one IMO. They started off so well too.

    The market cap in pretty low now. But HIP still doesn’t realy have anything to give it a value
    As for the sell down yesterday, my guess is some bad news has slipped out. Either poor results for the samples to to St George or maybe the Lithium JV falling through. Or maybe just traders were holding for the battery tech Ann and the Cobalt Ann and were just as disapointed as I was. I’m still holding but at a 40% loss at the moment.

    I don’t think this company will turn around until it’s got some cash back in the bank.
    Hope I’m wrong about all this , but I know I’m not the only concerned investor here.
 
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0.7¢
Change
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0.6¢ 0.7¢ 0.6¢ $1.91K 310K

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0.7¢ 1623658 6
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