You obviously have a detailed knowledge of the processing process .i thought the plant looked a bit "tin pot" in size from the photos , perhaps it was constrained by cost .It would seem they continued on for a long time & persevered , "letting on" very little to shareholders.The fine clays problem looked bad enough , but the arsenic problem may have knocked it right on the head .Apparently the Chinese & everyone else dislikes the arsenic because of the toxic disposal prolem .Hard to fathom , I mean the Iron Ore companies list arsenic content in their deposits afer drilling & laboratory testing , why didn't QOL do this , least i don't recollect it being announced to the market .Also puzzling is the positive feedback from several posters here , who said they were in touch with the workers or workforce , surely the workers would have known about these problems , looks fishy to me .Interesting to analyse the shareholdings of the employes over the last 6 months .This appalling set of affairs should at least be referred to ASIC for scruitiny.
QOL Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held