Wasnt it just two months ago that Goldfields spent $6 million dollars snapping up JT and otheres shares.
If you dont think Goldfileds want CQT, why would a joint venture partner spend an extra $6 million (19 million shares @ 3.2 ?) buying into the company.
Goldfields have been drilling for a year now. They know whats in the ground and have Chosen to more than doubled there stake. Even at the price of p*ssing there Joint venture partner off.
Tolhurst valued the company at $1.20 and it wasnt half the resource it is now.
I bought another small parcel today and will continue to do so. In my option when this bounces it will bounce fast and hard. The .40's , .50's and .60's will seem cheap. I am so convinced now, the resouce is there and good enough quality to mine. I will ignore the SP manipulation and buy on the lows. If goldfields make a move or not, this SP is a bargin.
P.s Goldfields still have to prove to us they have spent the required $5 million to remain in the joint venture. It is not even a question goldfeilds will remain on board they must love what they have found in the ground. IMHO Goldfields will be my profit for 2008-2009.
CQT Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held