STTCOMP QBL FA Long.
Mining - Bauxite and Cannabis - Medicinal and hemp food products
Shares on issue:
1,515,539,000
MC
22.7mil at 1.5c (Friday cl0se sp)
Cash
8.53mil as of 30/06/2017
Share Price Catalysts:
Starting off this week we should see the first of 3 major price catalysts for QBL in the coming weeks:
1) MDL approved - maybe even Monday (definitely by COB Friday according to last MDL Ann. 30 day window)
2) Medicinal Canabis licence is imminent - great if it was this week
3) November - vitahemp will be able to sell all its hemp food products to markets in Australia and internationally.
On top of these 3 major catalysts I love this bit from previous ann.
'Simultaneous to achieving in the hemp seed food product arena, MCL is actively negotiating strategic alliances and partnerships in the medicinal cannabis area of its business in Australia, Israel, Canada, Asia and Europe, and such partnerships will be announced to market as soon as they are formalised and become material to the market. '
This stock ran to 3c in march without any of these catalysts.
MDL (mineral development licence) - bauxite has been almost 3 years in the works - finally expected this week.
This is my first entry to the STT Comp.
Cheers
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