The historical share price graph shows an interesting and sustained play back in 2010. On the 21/06 the share price traded at 1.5 cents and then on the 19/07 the share price traded at 14.5 cents. I would not be surprised if these multiple price increases repeat themselves. The underlying wealth of QBL is still there. Bauxite is fast becoming the flavour of the month with takeover activity in the sector. Cash is always king and we have plenty of it - especially relative to the market capitalisation. The range and number of quality projects are described in the quarterly - and we are through a strategic acquisition - becoming a diversified play. As many a Hotcopper poster has stated - if DSO becomes a reality then a 30 million market capitalisation becomes highly probable. Good luck to all shareholders but l suspect that buying in at under 1 cent has just become a thing of the past.
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