QOL queensland ores limited

No worries mate, all tongue in cheek. Maybe I am an eternal...

  1. 1,979 Posts.
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    No worries mate, all tongue in cheek. Maybe I am an eternal optimist because I still reckon they are good value, particularly at this price. The bulk of the hard work and expenditure are behind them. Just have to get the jink rolling in. Considering they have some $7mill + in the bank and expenditure this quarter will be less than $2mill (can't recall the accurate figures) and revenue will start to roll in, the bottom line might look quite healthy.

    Comparing other moly/tungsten shares e.g. VML,THR,KIS they have all experienced large decreases in share price since the rot set in. QOL has experienced a similar decline and yet the others (and I'm not having a go here) aren't even within a bulls roar of pouring the first slab of concrete.

    A few Nickle producers have been hammered lately as well, yet the fundamentals forecast for the next x years really haven't altered all that much. The expectation is that demand will increase by about 4% p.a. And the case for moly is that whilst most base metals have fallen in price somewhat over the past year/six months, the price of moly has gone up. Last price I saw on Kitcometals was U.S. $36.50/lb.

    So hoping, with fingers crossed that there may be some good news around the corner. God knows it is overdue, good luck to holders
 
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