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Ann: QEM Progressing oil & vanadium Pilot Plant, page-47

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Vkholden

484 Posts.

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01/07/21

17:33

Post #: 54217256
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Originally posted by MILLERBLAKE: ↑

Has anyone read the last Ann regarding quarterly cash flows?
Have a look at;

Year to date (9 months) $A’000
1.
Cash flows from operating activities
1.2 - payments for
a) exploration & evaluation (if expensed) - $619, 000
e) administration and corporate costs - $458,000

Then have a look at
Year to date (9 months) $A’000
2.
Cash flows from investing activities- $0

Then work that out as percentage of their cash equivalents at the beginning of period.
$1, 077, 000 (exploration + administrative)
$2,638,000 (cash equivalents)
aprox 40%

So QEM has burnt through 40% of essentially investors money over 9 months for.....
Progressing a Green Hydrogen Strategy

This company has been essentially operating since 2014 and I cant find any solid numbers regarding- Capex required- feasibility studies
Most Ann(s) are cashflow reports that read similar to the one listed above?
Can anyone see what's going on here?

Expand

Hello again.
The fact is they 100 percent own the 2nd biggest depository of Vanadium in Australia to which the value of Vanadium has gone up 40 percent in the last few months.
Just be patient and wait for thier announcements.

QEM Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

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