QOL queensland ores limited

first ore fed to wolfram camp treatment plant, page-11

  1. 94 Posts.
    I think last week's annc on the $2.5M placement (tranche 1) and next month's launch of $12M SPP (tranche 2) at 12c will have minimal impact on keeping a lid on current price for the following reasons:

    based on this week's volume had the holders of tranche 1 decided to sell out this week for a short-sighted stag profit, this would have probably have been chewed up by end of this week based on record turnover

    tranche 2 if you read between the lines is actually capped at $5K per entity (not sure how they intend to do this though as you need 2400 unique shareholders to raise $12M). So how much can one gain by "dumping" their new placement with a MARGINAL position size of $5K?

    There is only upside here ...
 
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