I participated in the recent raising. I love the high director participation in both the recent raise & as substantial shareholders. The company has a tight register and well located projects that are operating under an excellent "green" narrative. If my read of the screen is correct, today is the first day that I'm seeing accumulation taking place, with a buyer/s coming in for licks of 100k at 16.5c. I don't expect much stock will come out from the placement as there was a $1m chairman's list of which about $560k was Fitch from memory & the rest must've been his mates. I don't know what the catalyst will be for the stock to jump but usually a stock trades back to its placement price & this doesn't seem to be the case in this instance. The stock price is prone to strong moves as can be seen in March (twice), April and July. I have a feeling in my bones that another one of those days may not be too far away.
QEM Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
