5k shares turned over today and carried their SP up by 3%.
How many holders constantly posting negative comments multiple times per day on their forum? How many comments have even been made on that forum?
QGL had one day in 12 months where share turnover was 800K, since that "high " volume day, the SP fell by 30%.
$39K daily trade saw the SP rise 5% (2 days ago) on a $160m company. erm..yeah nah, nothing to see there.
From the trading register alone you could deduce
1. The register is extremely tightly held and not by retail but possibly by directors
2. It has a liquidity problem and by the looks the SP would not hold up if it had higher volumes
3. There isn't much investor interest in it. As of today, there are 1.1M shares in the sell lines and 86K in the buy. Yup, this is what a healthy order book looks like.
Outside of the register, they currently carry debt and could sign for $300M more via EXIM bank and all their eggs are in the North American market which seems to be going great hey?
Not sure about holding up amazingly well herm and not sure I'd be a happy investor when our only customers are North America producers that forecast demand of 100tpa and they are not the only prospective supplier into that market especially when graphite prices are suffering necessitating 920% tariffs just to keep existing suppliers happy. Hang on, will Aussie imports to the US have those tariffs applied?
What could go wrong?
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