Perivale
I am still in and yes, I am upset with the current situation.
"Do you see .44 being under valued ? YES
Do you see CQT being taken over ? YES
Do you see the SP rising without a takeover ? NO"
I see CQT on a steady/downward trend until a takeover, however, the last completed drill holes (assays still to be released) have got me a little excited. The problem is that there are a lot of people, including myself, just waiting for an opportunity to off-load for a reasonable price and move onto something a little more interesting. This is why any other announcement than a takeover will result in a small sp increase and then a dump.
I see the CQT management playing cat and mouse with GFs, however, they dont quite know how to play the game. The last announcement showed that CQT is starting to move in the right direction but perhaps all a bit too late.
There is no need for CQT to hold back announcements. They should announce them at a steady pace, build shareholder value and confidence, and then let the sp take care of itself. At this stage, morale is at an all time low and this will eventually hurt CQT when GFs makes a sub-optimal bid for CQT.
So many thing have gone wrong with this great company that I dont even...well youve got the message.
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a lot to remember, page-30
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