Last time I spoke to the MD was early December when the SP was looking weak back then. At the time I expected it was being manipulated down like CDU - pending the JORC announcement. Post discussions with the MD I was encouraged to maintain holding in QMN as it appeared as if there was plenty of announcements in the coming months that would see some support of the SP at a higher level. I still believe this and continue to hold until CDU JORC is released. But like a lot of other holders it gets harder by the day when you see the share price go down day after day. Would be interested to know what management's take on the SP weakness is at the moment if anyone has contacted the office. The fact that GBZ, which clearly has a better cash position and won't experience further dillution in the short term, and CDU are both suffering indicates that it is not just a QMN issue. I sit and wait and hope that my decision is proven to be right.
QMN Price at posting:
22.0¢ Sentiment: LT Buy Disclosure: Held
