QGL 0.43% 57.8¢ quantum graphite limited

Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-7

  1. 5,515 Posts.
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    You are correct - Valence never mined.
    Uley 1 was the original project that was mothballed before SER acquired it and then floated off to Valence.
    Valence tried to use the old pit for tailings but were denied by S A Government, even though it had mostly refilled with water.
    Thus Valence had to construct a new tailings pond.

    Valence started production using old stockpiles but they were found wanting a few more floatation tanks to cope with the poor quality of the stockpiles.
    Then Valence went bust before arising again with a 35:1 consolidation and a squillion free options for interests that were owed $$ [nil excise cost]

    Once QGL get back above $20, then a lot of the old investors might start recouping their $$
 
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