Hard to beleieve that this stock was trading at 25.5c only 1 1/2 wwks ago and nobody was particularly intrested
Goes to show the effects of 'sell in May and go away'...and tax loss selling.............. in artificially deflating the price of a stock
My long research has always told me that there was good value in this early /aggressive strategy of bringing a Moly/ Tungsten mine quicky to production to take advantage of the rising moly spot price and the solid tungsten price
Good management.........fully funded
Of note....... One of directors of QOL is also on the board of Southern Uranium (SNU)....also Talbot/ Citic as cornerstone investors. Worth a look as currently trading at only 5c above the IPO price (20c) some 7 months ago...........$13mill. in bank for ongoing exploration..........excellent tenements in Gawler Craton for U and IOCGU targets....ongoing info stream about to start soon
SNU has also been the victim of the ' sell in May.... 'syndrome, so definitely worth a look IMO
All IMO of course, and I do hold both QOL and SNU
cheers
QOL
queensland ores limited
