lets be blunt

We all know CQT is worth more than where it is trading right now. However the reason why it is at these levels is that we have a management team who have no idea in marketing the company.

I remember one of my friends telling me that JT was the best salesman going around well so far there is no evidence of that. I was told by Bruno the other day that they were presenting to the Eastern states followed by Singapore and Hong Kong. Since then the stock has been in a steady decline with no major interest what so ever. So out of the money that they spent sending JT Peter Rea, Bruno and the new director on this little jaunt they have really achieved nothing. Well in real terms they have dropped the share price from 60c to 52c. Real good use of shareholder money.

So from the results so far it appears that whoever is telling the story can not get it across or is about as interesting as watching grass grow so everyone is switching off.

We have a really good project here which is slowly slipping away into GF's hands. They must be over the moon about the quality of the management team. Basically they will get CQt at bargain basement prices as the management team are unable to promote the company to get the share price up to truly reflect the value of the company.

Lets look at why this is occurring. CQT were running around saying that we would have a measured reserve by xmas. Here we are in May and still nothing (exit stage right Macquarie very disappointed) Over a month ago it was in an announcement that the measured reserve was due subject to validation by H & S (surely it does not take one month to run a validation protocol otherwise H&S are not looking that good) Drilling results should be coming on a regular basis but it is a long time in between announcements there as well. If you drilled one hole which takes about four days according to previous announcements surely you would have driled it between the two orebodies and if you got a result you would shout it from the rooftops. Give theimpression that things are developing.

Shareholders need to become more pro-active and ring the company and demand that management improve otherwise we can not complain when this price falls to 10c and GF's walks in and gets the bargain of the century.