SP Fizzle, page-6

First 6 Last

Share
Profile

Follow
corona

1,225 Posts.

179

16/10/17

14:10

Post #: 27934383
Share

Originally posted by Bullsup ↑

Watch this space....often long-awaited ANN's on a stock <5c where the SP has gone up 50% over the past 10 days, don't go off properly until the T+1 holders have pulled out before the margin call. So look out for Thurs-Fri this week IMHO.

Also, the govt changes to the med can rules come into force in November, so although QBL may hover or drop a bit over the short-term, I anticipate that we are looking at a few 80-150% days over the next 10-20 days after Wednesday this week, and then some major rises when the new law becomes effective in no more than 6 weeks from now. That's just my opinion - I have been wrong before :) . the market is a fickle animal that very rarely follows the rules when expected, and often there are a number of pump n dumps before we find the new base, at which time we will probably get a consolidation.

I believe that QBL management want the SP to hold at around 2.0 - 2.5 in the short-term to facilitate that consolidation and/or a shareholder/institutional offer. Don't forget also that they have an easily-assessed stockpile at surface from which to collect the trial shipment and with the port so close and FOB considerations there will probably be some income from the trial shipment very soon. I anticipate a few more ANN's are coming over the coming days as they provide progress reports such as trial shipment mined, at port, loaded on-board and en route.

I have been in and out and in, and I have had instances of profit and loss since May 2014, but I am, as always, confident that the worst is behind us. Just my opinion.

Expand

Please post evidence of this?

"they have an easily-assessed stockpile at surface from which to collect the trial shipment and with the port"

QBL Price at posting: 1.9¢ Sentiment: Sell Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

AII

Inside the depths of Panasqueira: A legacy carved in rock

ASN

Last hurdle for Anson's Green River plant as Korean partner looks over brine

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

ASX Market Close: Iron ore prices stay strong; US CPI data due Tues night

USL

'Defining moment' for Unico as miner expands Joaquin's mineralised footprint

First 6 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

SP Fizzle, page-6

Top Stories

Inside the depths of Panasqueira: A legacy carved in rock

Last hurdle for Anson's Green River plant as Korean partner looks over brine

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

ASX Market Close: Iron ore prices stay strong; US CPI data due Tues night

'Defining moment' for Unico as miner expands Joaquin's mineralised footprint

Featured News