QOL queensland ores limited

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  1. 683 Posts.
    Hey Nick

    Instead of asking if bike holds ask yourself this question...

    Why do they need to raise capital again ?

    Lets not get concerned about other's investments - we're on a forum to talk about QOL.

    Let me quote from the announcement, 5th May 2008 - Successful Capital Raising Secures Wolfram Camp Development

    "The company will start the new financial year debt free, with concentrate sales secured by off-take agreements, projected healthy cash operating margins and with cash resources for futher near mine exploration"

    If that is the case then perhaps you can explain why they need to raise more capital just after they've done so 6 months ago even whilst the plant is operational.
 
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