"Queensland Mining Corporation Limited (QMN) is pleased to...

"Queensland Mining Corporation Limited (QMN) is pleased to announce it has an in principle agreementwith Tulla Resources Group Pty Ltd for the provision of a $3 million loan facility. The parties are currently finalizing the documentation. The funds will be used for working capital, preparation for mining and delivery of copper ore to third party processing plants, implementing the current seasons drilling program, upgrading QMCs White Range JORC resource categories and the updating of the Matrix Metals 2005 feasibility study of the White Range project."

Gee you guys get excited easy ! " In principal Agreement "

Gee why not wait to announce to the market that you have got a firm agreement ! even better a cheque to bank ?

And Wow can they really do all that stuff quoted above with only $3m ? looks more like a way to fund the salaries and director fees for the new guys.

Looks like a nothing announcement to try and stop the S/p slide to me. Wheres the deals ? that's what you guys really need.

cheers hoot