GBM Resources (GBZ:ASX) have surged almost 20% on no news during trading today. Drilling results from Brightlands are due this month. If these results are good, this could bring much attention to QMN's Morris Creek which is wedged between Cudeco's Project and GBM's Brightlands. This could potentially influence QMN's share price significantly.
Also the sale between Exco and Xstrata has received shareholder approval and the transaction is aiming to be done by 31st July. Could Exco be interested in some of QMN's assets?
QMN Price at posting:
8.2¢ Sentiment: Buy Disclosure: Held