the takeover!, page-11

it looks to me like the deal is a "fait accompli" - the major shareholder has given it his blessing, and the market has moved to assign the bid price value to an otherwise depressed NQM share price which is an indication the market also thinks it is a done deal... (IMHO)

take off your rose coloured glasses chaps and ask why NQM has been slipping over the last few years even though the gold price has rallied significantly... the hand to mouth exploration effort is killing what should be a golden goose...

look no further than the performance of NQM versus Gold (in AUD terms) over the last few years... the weekly high on NQM on 3rd Dec 2007 was $0.64, that week Gold was at high as A$907/oz... yesterday (pre-bid) NQM was $0.225, down a whopping 64%, whilst gold was A$1452/oz, a handy 60% higher!! What/where/why/who/how caused that discrepancy?

the upside you all claim is real on NQM is IMHO pure pipe dreams - the disparity illustrated above is so big, there is no way it is just a temporary mispricing by the market, and this disparity is indicating that something is "Crook in Tobruk"...
when you read the vision that CQT is offering for the combined entity you will realise that the combined CQT/NQM pie will be bigger and tastier, and therefore will attract more interest, and unlock the true value of both companies...

alternatively I guess you can reject the offer and hope to get rich in the next 3 or 4 years (before the ore body runs out) on the $0.005 NQM dividend... maybe I'm talking my book here, but the CQT bid to me looks very much like the last helicopter out of Saigon in 1975!!

get onboard before it leaves without you!