Based upon their previous track record, I will take any announcement from them with a pinch of salt. My personal opinion is this quick reversal is being orchestrated. Too good too fast. They’ve been out before, but now drilling closer to the pit they’ve hit a “new” zone. To me, it just does not stack up and passes the smell test. If another reputable company with a reputable management team were interested I’d be a little less sceptical, but we’re not seeing that. I’d strongly suggest anyone interested in QMN and re-read Matrix’s ASX announcements and track their statements to what we are seeing from QMN now.
QMN Price at posting:
4.6¢ Sentiment: None Disclosure: Not Held