QOL queensland ores limited

Some 'choice snippets' from the chairman's address today, for us...

  1. 165 Posts.
    Some 'choice snippets' from the chairman's address today, for us all to digest:(my interprative comments in bold)
    'Without this funding, and without your approval, the opportunity to maximise the potential rewards from Wolfram Camp will be greatly diminished and the outlook
    for the Company will be highly uncertain'.
    WE CAN'T BE BOTHERED TO LOOK FOR FURTHER FUNDING AT A MORE OPPORTUNE TIME AND PRICE ONCE PROFITS ARE FLOWING FROM WOLFRAM CAMP MINE
    'Because assay results are necessary before payment can be obtained for product, the extraordinary lead times at laboratories mean that we have to fund our operations for up to 3 months before we get paid. This requires a major increase in working capital'.
    ONLY A COUPLE OF MILLION NEEDED NOW, BUT GIVE US 12 MILLION ANYWAY AND WE'LL SEE WHAT WE CAN DO WITH IT
    'These steps should be positive for our Company’s share price as the market comes to understand our potential and our underlying value as the first producer in the sector and a Company with no debt'
    THE DEBT WILL BE A MORAL ONE TO YOUR LOYAL LONG-TERM SHAREHOLDERS WHO HAVE BEEN LET DOWN BY YOUR OBSESSION WITH DEBT....DEBT IS NOT NECESSARILY AN EVIL ESPECIALLY WHEN YOU ARE MINING PROFITABLY AND ANBLE TO PAY IT OFF....UNLESS YOU CANNOT MINE PROFITABLY.
    Hmmm.....can't wait for those announcement which will push the price back up again, and which have been conveniently delayed to get the vote across the line.......




 
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