QMN 0.00% 16.8¢ queensland mining corporation limited

Just read through this entire thread, and will be interesting to...

  1. 14,914 Posts.
    Just read through this entire thread, and will be interesting to see if this is actually a pump n dump.

    Obviously some stale long termers still hanging around.

    Crackpot brings up a good point that the big hit the other day was just infilling drilling. I'm surprised the share priced moved as much as it did considering this.

    But it is the fact that it is getting better as it goes deeper that is the significant thing here. It could open up a whole new world under down there and open at depth is almost as important as a new discovery on step out drilling especially when the grades are improving.

    So for this reason there's a good chance that the market will re-rate this given the unknown factor of the deeper drilling.

    Add in the fact that this stock was already undervalued from a resource point of view and it seems the drill result the other day was simply the straw that broke the cammel's back and the market said enough is enough, this should be trading much higher.

    The history with this stock is a little bit of worry but at the end of the day, the drill bit talks the loudest and if QMN continue to hit high grade copper, the share price will continue to go higher IMO. But also they already have a good resource that is way undervalued IMO and with this it is only a matter of time before a bounce back happens in the share price so it's closer to fair value.

    The bounce today on good volume is a good sign.

 
watchlist Created with Sketch. Add QMN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.