Bukka is alluding to, logically IMO, that QPN may only have one hope left being a farm in (partner). Had they not taken shares instead of salary the company would now long be gone, slowly eating up the last of the funds.
Would anyone seriously put money into any further cap raising after they so clearly mislead investors over the last one? I certainly wouldn't after what they stated s many times before and did nothing, nothing at all...
They don't have enough to mobilise a drill as it turns out let alone complete and cap a successful drilling.
A farm in will change everything and give confidence something real will occur. That would make QPN a buy, a screaming buy IMO.
Without it there will need to be a willing person, group or whatever to pour in more funds on a "promise"...likelihood in all reality! If it occurred AND they actually did something proactive things may also change.
The bulldust 2 x 150m buys at .001 fools nobody. Prop buys that someone has estimated have an extremely low probability they will ever get touched. If they did there would be some backside tweaking going on, or some dumping back into .001 at the loss of brokerage.
QPN Price at posting:
0.2¢ Sentiment: None Disclosure: Not Held