MAL drilling is underway but it may take several weeks to actually get the first results. People must realise that these are deep drills that take time and the labs will take probably another month for the results to be finalised. Meanwhile the capital raising will create an overhang of shares above 25c. Probably not a bad time to accumulate if the share price drops further below 25c. I sold my trading parcel mid FEB but will keep my core holding until i have seen ALL the results from MAL. Any success there should create a substantial re-rating. One of the better punts out there IMO.
QRL Price at posting:
24.7¢ Sentiment: Buy Disclosure: Held