A share buy back costs money and lots of it, Using an exploration companys cash reserves to buy back shares does not achieve anything except makes the company race out and raise more funds for exploration. I really believe management need to spend a lot more time in explaining to the share holders and potential new shareholders what the company has and what is its potential. Set some time lines and stick to them. The company needs to hire some marketing people and a analyst / broker to prepare and keep updating company results and then promote the company in Australia and overseas. UK USA HONGKONG CHINA A written / colour report on the company endorsed by a independant qualified analyst will have a lot of clout. When any of you shareholders speak to your own stockbrokers , ask the question what does your broker think about QMN. You will be surprised how many brokers know nothing. This company is capitalised at approx $50 mill and has copper assets of 300,000 tons gross value of $3billion. Plus gold etc. All I can say is management must start to manage the companys assets they have done the first part of findind the asset now they must promote it. This is a great company and will take time to realise its real worth.
QMN Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held
