a few smart cookies have started to notice that CQT is outof...

a few smart cookies have started to notice that CQT is out
of whack with both the gold and silver price... as a picture
tells a thousand words, have a look at the chart below...



the message according to that chart is pretty clear... CQT
has a bit of catching up to do!!

while you are digesting that, also consider what the market
cap of CQT has done lately, taking into account the increase
in shares on issue;

at today's close of $0.625 CQT has a market cap of $195
million, based on 312 million shares on issue.

at the 18th Sep 09 peak of $0.795 peak, CQT had a market cap
of $215 million, based on 271 million shares on issue.

so despite a 21.3% fall in the share price, CQT is really
only off about 9.2% - so realistically, it isn't doing as
bad as it appears...

but by way of comparison, and expanding on the chart above
a bit further, it is also worth noting what gold has done
since 18th Sep 09?

the Aussie gold price on 18th Sep 09 was A$1160/oz - today
it is A$1240/oz which is an increase of 6.8%. In USD terms,
gold was US$1010/oz on 18th Sep 09, and is now US$1140 which
is an increase of 12.8%.

so given the move in the gold price, surely the market cap
of CQT should have increased by at least 5% since 18 Sep 09?
If it had, then CQT would have a market cap today of A$226
million today, which would equate to $0.72 per share.