is this company a dog?, page-10

QMN will not be a dog but at current 35c, it will be hard to be a winner either.

With 300M shares and options on issue, MC beyond $100M, QMN has been too expensive in ASX market, considering CDU's MC $800M, unless QMN can hit half of Las Mineral in Morris Creek. What's the chance?

Today's ASX market is not at 2007 high of 6800. There are still quite a lot of good stocks with massive resources and MC well below $100M.

Just an example, Herron resources (HRR), MC of $80M, holding cash and equities valued nearly $60M, and 1BT @ Ni 0.75%.

Did hold QMN from 9c to 32c. There is no reason that I can tell myself to keep holding QMN in today's ASX market.

BTW, QMN thread was very quiet in August when SP below 10c. DYOR to be a winner.

Good luck

Weihua