Stock traded 50 cents pre rights issue at 35 cents .Half the capital in the company is in at 35 cents .It was an explorer at 50 cents & is an emerging producer at 22 cents .If they were to do a rights issue at 20 cents , at this level one would have an average cost of 21 cents .A sweetner option would potentially lower cost further .i have no intelligence on this one , but it's interesting to see the Chinese cutting back on their production of these exotic minerals & it's interesting to see them taking positions in many emerging miners eg AGM , FXR .Who knows here , it's sure cheap enough , i'm calling the bottom as i think it's cheap as chips. Also interesting recently to see the hedge funds recently trying to corner markets in exotic strategic minerals
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queensland ores limited
why i think its a great buy in the low 20s
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