These are good questions
@mickeynanda that we would like to reply to.
The CR price: The CR price was calculated statistically, confidently and in discussion with all of the management. The buying interest before opening, on the 21st, indicated buying interest @0.08 which remained there for 20 minutes. The market did consider, in our opinion, that our 8 cent target was indeed plausible. It eventually opened at 6.4. The company was also mindful of the P & D factor. In calculating the price we factored in the pricing at 5 December @9.6 opening and the January 9 opening @ 11.0. The company did a lot of market research before deciding upon this price which included price movements for each of our big Ann's and Social media sentiment (P & D action) We calculated a price that we felt was fair and reasonable for the CR and would not overexpose the company or its shareholders.
Regarding communications: Any ASX publicly listed company must be careful in how they handle communications on public platforms. Private companies do not have these restrictions. Those who have been trading shares for a long time will know this.
Building Trust: No company likes to be in an extended Trading halt but we must ensure that we follow the Listing Requirements as set by the ASX. This doesn't mean that we sit on our hands in the meantime, and wait until October before doing anything. The management of QBL is working even harder to make sure that we reach our goals, continue to provide support and help to our farmers during this drought period, continue to negotiate deals, secure existing deals and relationships, and keep building our revenues and fulfilling our promises. QBL will continue to tell its story.
We are confident in our approach, we have confidence in our management team, and
we have a good story to tell.
Please watch for future announcements from the company.
Thanks,
Neil1959
QBL HC rep
QUEENSLAND BAUXITE LIMITED
