In my view, this is a confusing graphic and the basis of the data that is used to arrive at the arbitrary 245% should be questioned.
I am not sure what that graphic is purporting to represent? Well ... perhaps ... apart from the fact that a bauxite 'exploration and development' company is promoting itself as a leading MM company. By what measure I ask?
Can someone explain it please? Apologies if this question has been asked already - I can not see where though!
Does this graphic account for the fact that QBL has not completed the proposed acquisitions as yet?
Could QBL post a similar graphic showing its holders how QBL's "
current ranking on percentage improvements over the year amongst many of the" bauxite players. That would also be interesting information - I think!
It is reasonable enough to promote a company using accepted corporate performance measures and standardised data sets but what is this 'dashboard' attempting to demonstrate?
What were the inputs that produced that figure?
If, it is a percentage change (i.e. the 245% thing) in the SP - I am very sure that the holders who purchased their holdings above $0.037 would not find that figure reflecting their reality!
By way of comparison I think that this data represents an alternative picture of QBL.
https://www.barchart.com/stocks/quotes/QBL.AX/overview
I wonder if QBL could place the above info onto one of its SM platforms that they are using to, "...
make sure that shareholders/investors get a clear picture, with regular updates, on what is happening with QBL and all its subsidiaries."
I think that the Barchart information would also help shareholders / investors from '
a clear picture'.
QBL could also post this data.
https://www.investsmart.com.au/shares/asx-qbl/queensland-bauxite-limited/financials
During the week I will post my views on what I think represents a '
lifestyle stock'. I will support that view with facts and figures and, hopefully, that will also ensure that, "
shareholders/investors get a clear picture,".
On a positive note, I have formed the view that the declared path of QBL to, "
make sure that shareholders/investors get a clear picture, with regular updates, on what is happening with QBL and all its subsidiaries" is a very sound and purposeful strategy. I think we can all provide some assistance with this stated intention of QBL by providing alternative sources of information for holders to consider.
And there was a very good question raised during the previous week.
Have the directors bought any shares recently? A sizeable on market purchase by directors would send a very clear message of confidence to the market.
I also wonder if the directors intend to take up their full entitlements in the upcoming $0.08c proposed capital raising? This is particularly important given that they will be encouraging existing holders and or market participants to do so! I think that's the key point of a prospectus - yes?
And can QBL comment (apart from or in addition to what has already been announced) on what this (see link below) will cost the company please?
http://www.abnnewswire.net/press/en...MCL-in-Autoimmune-Disease-Research-92161.html
