So are you saying that the SP for QBL is over valued at present

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Hotcopperkem

190 Posts.

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21/05/17

15:49

Post #: 24820131
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Originally posted by Neil1959 ↑

Good questions but I am not sure if we could reap any benefits or get definitive guarantees/answers from QBL.

But to address your questions:
1) When will MCL be listed as its own individual company on the ASX? They would need to Capital raise, probably with an initial IPO of $0.20 and end up being like all the other Cannabis stocks on the market. Not sure it would be a major benefit for Andrew at this moment. He will also be watching to see what is happening with Cannabis stocks and also the QBL share price; which as at Friday has MCL at about $0.008, if we separate the two. (Undervalued IMO)

2) If QBL reverts to a mining only stock what effect will that have on the SP? The market will reflect that more accurately. QBL would not be able to tell anyone.
Again, hypothetically, if we crunch the numbers, and we take the current holdup on the mining tenement, we would need to look at the historical data before MCL came on board to get an idea of price, as MCL would simply end up in the TOP 20 list of shareholders.

The price before MCL was $0.008. I am sure some of the other LT holders and other professional investors can confirm or correct me on this.

A phone call or email is not needed for this.

Cheers.....59

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So are you saying that the SP for QBL is over valued at present

QBL Price at posting: 1.6¢ Sentiment: Hold Disclosure: Held
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