QMN queensland mining corporation limited

Hey Pheonix!Not that I hold any more, but I still hold some ties...

  1. 2,553 Posts.
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    Hey Pheonix!
    Not that I hold any more, but I still hold some ties to this company, be they emotional one's (as in I'm owed!) I just like to follow what's happening and this recent announcement really get's me.

    HR & co are going to do all this on a "massive" $3m?

    Thats, Working Capital ( what's that, more lunches? ),
    "Preparation" for mining and delivery to 3rd parties.
    Implimenting current season's drilling program.
    and upgrading JORC for White Range and finally an update on the 2005 feasibility study.

    All that for a "massive" $3m!!!! Really! What happens when that's gone?

    Why the heck don't they get fair dinkum and put in for a loan of say, $100m and get on with the job! Or find someone to buy them out.
    This board really does leave a lot to be desired.
    (Well, I hope you didn't detect a note of sarcasm?)
 
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