QMN 0.00% 16.8¢ queensland mining corporation limited

hi QMN holders, is a good announcement, very clear defined...

  1. 7,206 Posts.
    lightbulb Created with Sketch. 311
    hi QMN holders, is a good announcement, very clear defined targets.

    where have i seen that before, oh thats right, GBZ released almost identical results and bang, the slow decent began.

    newjo, the capper wont disappear, i am sorry to say, look at the sales to decrease the SP since it reached 9.9c today, on days of good announcements which this surely is, your friend/enemy? will be most active, the trades i am referring to are
    12.05.07 5000 shares to drop price 3/10c for $475
    12.06.38 10000 shares to drop price 2/10c for $930
    12.10.32 6000 shares to drop price 1/10c for $552
    12.16.54 4000 shares to drop price 1/10c for $356


    this activity has a 2 fold effect on QMN and GBZ
    1) reduce liquidity to increase ease of price manipulation
    2) keep the vwap as low as possible in the extent of hostile takeover bids.

    once again a reference to IOCG deposits, these are big targets, bigger than just the QMN tenemant and i believe IMHO that what CDU have will be found to be part of a much bigger system, hence the attempt to control all available sites, CDU GBZ and QMN being the 3 main companies targeted.

    CDU has higher liquidity so a bot is deployed, QMN and GBZ can be manually played with as they have already destroyed any recent liquidity.

    this is only my opinion, i have no holdings but have a long term buy sentiment, this is a steal as is GBZ.


 
watchlist Created with Sketch. Add QMN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.