Chinera you are spot on. QRL has very few shares on issue compared to some but due to no "amazing" drilling results like all small caps we have been ignored and just drifted down as people sold..not huge selling, but a lack of buyers.
On top of that is the lack of clear direction from management on where they are going with the company. Prime example. nothing in the raising about adding value to the company. SO what are they waiting for? something we don't know about?
So the choice as with all stocks at this level is hold..or take a risk and buy some and see what happens? As the multiples from 0.6 to even 6c is pretty big now and its still a pretty tight register.
Now back tot he waiting.
QRL Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
