victorious, your argument is obviously flawed, in that you are assuming GF are not doing any drilling, therefore I would ask for proofs on this. You know - evidence. Also on the contention they haven't found anything. The point is, GF are not bound to report anything to the ASX, so where does your information come from. Certainly not from any source within the ASX reporting system, nor from Conquest. .Do tell !
Further, the assumption GF have already made their money back makes no sense at all. First they have to quit their position, which clearly they haven't. ASX reporting, and all.
Next, you have nominated 32c as the value of their holding, which clearly it isn't. The plain fact is GF entered the company via a large options raid in the latter part of 2006, announcing one or two days before Xmas they intended to exercise them at 20c, and that they had collected these options over a period of many months(indeed, they were really cheap), and options being what they are, have no compulsion on the reporting front - substantial shareholder wise.
In other words, the market was caught with its pants down when most people were on holidays, and GF bought these shares, ie: 5% of the company at way less than 30c.
Now speaking of "pants down", perhaps you might dispense with this waffle and tell us why you consistently ramp Conquest in a manner as if they have cost you a bundle of money in the past.
Sure as the sun comes up you don't own any, and as I recall from past posts, this tactic has been an ongoing pursuit as if you have a fix on them.
These days regulators frown on ramping, bearing in mind a ramp depends on which end you face
CQT Price at posting:
48.0¢ Sentiment: Hold Disclosure: Held
