Ann: Suspension from Official Quotation, page-188

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croser

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19/05/17

22:27

Post #: 24806586
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Originally posted by croser ↑

Webb this the way I see it. Because I'm holding I probably will on the wrong side.

There are 400 mil shares. 60% in top 20 hands. Hopefully all the rats have left the ship. The rest wont leak depends on whose side they are on. I don't know who is friend or foe any more.

That mean a free float of 170 mil. QIN has about $80 mil in cash. The debt is in US bonds $330 AUD at about 8% with a term till 2023.

60 % of these bonds are held by Blackrock and they have 20 mil of shares. Are they a trojan horse that is my worry?

We are at 30c At TH if we have a dump on opening, surely we can soak up all of the free float 170 mil * 30 or $50 mil,

There is also the option of a CR. I would be happy to subscribe just to stick it to FW

QIN as far I can see is not talking to auditors at the moment. They are in discussion with UBS, the contender FW has GS on his side. So you see its not a matter of the books but who has got the biggest war chest.

The prize is 12,000 Ha of plantation. Farming infrastructure, 5 mil plants with their valuable timber and oil, that have been growing in the ground for the last 15 years, ready to harvested in 2 years time. Pharma co in the US ready to develop products based on the oil. It's all ready to go, only question who is going to own it. I hope the good guys us the SH will

GLTAH

I respect your thoughts, let me know how the bad guys can win?

Expand

Further to my post above I would be happy for the co to go into liquidation and me losing money rather than falling into the hands of the b*ts who created this crisis and one rat in particular who now wants the co all for himself.

If it goes into liquidation, he and is mates can wait on the sideline waiting for his crumbs like the rest of.

IMO

QIN Price at posting: 29.5¢ Sentiment: Buy Disclosure: Held
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Ann: Suspension from Official Quotation, page-188

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Argent begins search for VMS mineralisation at Kempfield Cu-Pb-Zn-Au-Ag play in NSW

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EQ Resources transitions historic Mt Carbine tungsten mine to owner-operator system

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