AQD is always the slow starter after announcements. The current...

AQD is always the slow starter after announcements. The current market for this end of the market and type has been hammered for 18 months. As we know cycles happen and money is rotated.Those who see value at these levels and add to their portfolio with the intent of a 1- 2 year hold have a very high probability of making some very impressive % returns.A couple take out points for me that stand out are Graemes continued reference to "Rare earths" this is a hidden gem in the announcement. The words : "more extensive than we thought" , so if S32 were happy to keep drilling based upon a lower expectation, then this should light the fire for them to commit to a lot more funds to really get this particular project moving.Keep in mind Tier 1 mines is ALL they are after.The next announcement re this project and S32 intentions will be a catalyst for share price appreciation if they agree to continue in my opinion. Based upon logic, nothing stated in the announcement (Which they oversee and provide permission to be stated) would deter them from moving forward.S32 are constantly reviewing who and where they invest their $$. Our agreement is up for renewal by end of the year with them.Possible scenarios could be, S32 decide nope, and withdraw totally from all projects (a small% chance but still there) if that happens we end up with a large amount of exploration areas with millions of dollars spent on data that others can look at and possibly offer s a similar joint venture deal., or they decide not to renew BUT continue with the current projects we have with them until a final outcome (that means they dont want us to look for new projects, but they still pay us admin fees and we have the opportunity to still have the tier 1 mine) or they say lets do another 1 or 2 years as the relationship has worked well for both parties and we continue to look and offer projects to them for consideration while advancing the current project's.Any way you look at it, Ausquest is undervalued considering our cash balance and what is on the go.Graeme and the board have steered this company through difficult times and have always acted in a professional manner, which is why the S32 agreement works so well. not hype, just down to earth (pardon the pun) roll up the sleeves, we are here to do a job, that is find new mines for S32 and ourselves for our own projects.Nearly 50% ownership by top 20 , many of whom are in the industry in different capacities shows a strong commitment and trust in how the team are completing their work.A great announcement and now for the follow of the decision by S32 to light a rocket under getting this particular project FAST tracked Oh the seller who was capping the price at .015 had moved to 2 cents now back to .016. Someone with deep pockets and sees the potential (a word Ausquest likes) to pick up a reasonable holding without a huge price movement.