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Cosmoterios

18,944 Posts.

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16/01/18

16:45

Post #: 30348410
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Originally posted by Ash90 ↑

I asked the company via Facebook and they said that Volcan was a subsidiary. I think many of the questions you ask are very valid and intelligent and even though i am a holder i appreciate your (negative) input as it is always good to have both sides. But if both companies are owned by the same people, then this is nothing more than what happens in most businesses, especially private ones.

I also agree with you completely that they are dodgy and have a checkered past i don't dispute, but it's very hard to say MCL doesn't have some merit. At the risk of going down the 'this time it will be different route' i think MCL's potential means that the QBL owners have far more to gain from seeing it succeed than they do from playing silly buggers with everyone and ripping off the shareholders. Time will tell, for my sake and many other holders, i hope i'm right.

All in my opinion of course, but that's why we are here right? that old saying about no risk, no return.

Cheers.

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The issue (IMHO) is Not Volcan Queensland Bauxite Pty Ltd.

But AGMPL - refer to pages 36 and 37 in the Annual Financial Report (especially page 37).

As I am no longer a holder, I will refrain from commenting further and leave holders to research and discuss these issues themselves.

Good luck.

Last edited by Cosmoterios: 16/01/18

QBL Price at posting: 6.2¢ Sentiment: Sell Disclosure: Not Held
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Current SP, page-1870

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