Re production, this point is a joke. Have a look at the prospectus, QMN bought an EXISTING processing plant from CDU and they still have not produced and sold anything have they? Really, I dont wish to detract from the assets (that is a separate matter as per below), I do however believe that the board is an incompetent bunch of ninnies, Renshaw never mined anything successfully in his life, nor has Usasz and Hill is an accountant.
IMO QMN was a stuffee for unwanted Cudeco and GSE assets, they both saw QMN as a vehicle for freeing up some cash from surplus assets which confirms Wogboys view:
Remember that most if not all of the assets are not new, HR or QMN did not peg them, they bought them. IMO they are recycled from CDU and GSE amongst others who failed to achieve anything substantial from them.
All you are doing is supporting the board's lifestyle IMO.
QMN Price at posting:
8.7¢ Sentiment: Sell Disclosure: Not Held
