CQT conquest mining limited

I suppose the big question on everyone's lips is why do a...

  1. 978 Posts.
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    I suppose the big question on everyone's lips is why do a capital raising? There are probably two reasons that you would do one. First to raise capital (probably not the real reason for CQT as they had $15 million in the kitty) or secondly to introduce new punters to the stock. The current top twenty have not really changed much over the past 12 months. Most of these guys had their fill and are prepared to wait until they get what they want. So what better way to introduce a bit more liquidity into a stock. Introduce new blood. You will probably see the share price move along nicely for the next few weeks followed by a nice announcement in regards to drilling results which should push it along again. This should see the price heading up over the $1 mark in the near future. The next step is whether they are going to mine. That will be another key step. They have raised quite a bit of money so they are obviously expecting to mine soon.

    Bring it on I say
 
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