AQD 0.00% 0.9¢ ausquest limited

case study in fraser range re-rate

  1. 1,871 Posts.
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    For the sake of cheering people up lets do a live case study of a very comparable stock in almost every way:

    ENT (Enterprise resources) as of 4 weeks ago shared the following attributes with AQD:

    1) Speculative explorer also looking in Fraser range
    2) Cash reserves almost identical at $1.9m
    3) No proven reserves or other assest other than dirt to dig in
    4) two major drilling focus's and one additonal minor farm in (valued as less than AQD'Africa gig)
    5) Market Cap of ENT a few weeks ago was circa $4.5m at circa 3.6c

    EVENT - drill hole plugs some iron-sulphide, No Assays yet, POSSIBLE MINOR nickel sulfates and share price shoots to 16c,

    Market cap becomes $19m and you have a more than 4 bagger in less than a month based on VERY LITTLE EVIDENCE but a sniff of success.

    I assume you might as well be a copy and paste story for AQD once we plug a single hole in Paru which glints a little bit when they pull the pipe out.

    4 bagger by July/Aug - YES PLEASE.
 
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