Although I am new to the story I am miffed at the punters who think nothing has fundamentally changed since it was sub 1c. The company has been turned on its head. 1 week ago we had a highly prospective tenement and now we have the potential following positive initial results to have a world class bauxite deposit.
If that is not a large fundamental shift then I don't know.
The price increase in % terms is irrelevant. Its about the value of the company. At sub 1c the company was worth less than its cash backing, so on the back of some positive news the market is merely playing catch up given the news to date.
at the end of the day its only gone up 5c. Not much really. I wonder if we will get excited when it goes from 30 - 35c still only a 5c rise. We just lose the leverage but the company value goes up just the same. Leverage is the key for us as investors and so if you were lucky enough to get in early then I would say you are pretty darn happy about now if you still hold
QBL Price at posting:
5.9¢ Sentiment: Hold Disclosure: Held
