QOL queensland ores limited

burn rate

  1. 22 Posts.
    It seems there is still some difficulty getting the plant to produce the ore to selling contract specs.
    I would think this is why there has been no news since the announcement 15th Aug which indicated samples were sent for analysis and results expected in 2 weeks.
    Operating the plant and trying to achieve the correct output appears to be taking more time than anticipated.
    There has not been any indication that contract quality product is being produced until now.
    This process will be burning cash reserves and if the problems are not overcome soon additional funds may be required.
    In current market and share price this would result in massive dilution of current share registry.
    Good news is needed very soon.
 
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