I don't have a problem with putting more cash into QOL. I think in the medium term, we will see go into production as the molybdenum price strengthens further and the processing plant is improved. I personally think it is still at bargain basement prices. I'd like to be told what the company is planning to do with the capital being raised though. Hopefully this will be discussed at the EGM.
As for the name "Planet Metals" - it is crap. Queensland Ores is much better, regardless of stigma. I guess the new guys want to make their mark.
QOL Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
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