Basically things were kinda going ok except the share price was low and they needed cash to keep going but none was forthcoming
They did a 10 for 1 at about 0.06 The the share price sunk to under 0.10 Then LionGold made a T/O offer - see the ASX announcements - when the share price was around 0.14 which equaled about 0.18 to 0.20 if LionGold took out CGT
Being underwater I had to reload to get my average ok for the T/O as it looked a sure bet to me
In the end I lost about 700 $ but that was a lot better than what I was looking to loose if I didn't act
So my point is these new on the block sub holders are not on the seen for my interests but for theirs
Thats why I need to take action and monitor QMN daily
I do not believe the new crew are going to walk away in any hurry but would be wheeling and dealing to take control - why else are they interest ? if you think its all nice and cosy and all QMN holder will be rewarded and if your heavily under water we think again IMHO only
No advice intended or given - these thoughts are just my ramblings and are not directed at anyone
QMN Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held