The new Sub Audio Magnetics survey proposed by Cudeco on the south west corner of its Rocklands Group Copper project together with follow up drilling may well determine the fate of QMN which holds the adjoining ground. CuDeco , being the major shareholder in QMN,is sitting in the box seat and Wayne McCrae, Chairman of CuDeco is a substantial shareholder in QMN having sold his portfolio of mining tenements into QMN in return for shares.CDU is thus in the box seat and, if the ducks line up, a move on QMN is possible. QMN is way below its issue price and has not excited the market to date.Funding has been a problem. I do not hold QMN but am a substantial shareholder in CuDeco. Where CuDeco's direction heads in relation to QMN is what interests me.
QMN Price at posting:
11.0¢ Sentiment: None Disclosure: Held
