Possibilities: 1. Fed and RBA already pumped liquidity into markets, so GCI and 255 Capital can keep lending to QFE against its loan book? 2. Significant US and AUS gov stimulus to keep businesses afloat and offset shutdown, so QFE’s clients and their clients would avoid shuttering and default? 3. Trump setting date for ‘America to reopen for business’, not to be outdone by China already back up and running? 4. QFE quarterly report only a week away; soft Apr - Jun quarter (e.g. US tax return pushed out to July) priced in with 60% drop in SP since half yearly update? 5. Old Bruce cutting down non-essential costs in the business to maximise cash in the bank? 6. Bot still playing with QFE (e.g. $500 trades, stacking 100k on both ends), shorting at a loss would end when market rebounds? 7. Waislitz continuing to buy and average down further from 30c?
QFE Price at posting:
14.0¢ Sentiment: None Disclosure: Held
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