This will probably hit $1 easy. A good FY report will probably...

This will probably hit $1 easy. A good FY report will probably see $1 the very day of release. Big factor is volatility. Only 170M shares issued, and majority tightly held by insiders / sub holders. Without many free floating shares, it will rocket on any decent buying.

Eg: 6 Jul saw a low of 69, and high of 93, so that's a twenty cent move in one day. Also, TA since 17 Aug suggest higher prices to come, particularly the volume observed. Ref ellipse on chart.

If the FA is any good going forward, it will hit $2 very easy and quickly. I mean it went from 25c to 95c in 3 months. I haven't been studying FA in detail, I hold from 62, but it's just a trade for me so I haven't analyzed QFE's forward prospects etc.