the takeover!, page-4

asx I wouldn't touch CQT with a barge pole. The Mt Carlton project needs $130million capex and is a sulphide deposit.

CQT is suggesting they may need to go down the path of bacterial oxidation or high pressure leaching to get it over the line financially

I can tell you now, you do not want to be involved with this type of project, there are considerable technical challenges to overcome. Its simply not worth the risk. Keep it simple is my moto in gold mining, I stick to projects with straightforward recovery.

How are they going to raise the cash for starters. Easy, by dilution of existing holders. This is a game for Mr Kleins ambition, the retail investor is unlikely to win.

all I see is a weak CQT scrip for years ahead

My fax to Mr Klein said I would not accept his scrip UNDER ANY CIRCUMSTANCES. Previously I thought I would , but not now.