I am not sure how you can see this as a positive development?
The Dr has come and gone, he did his smoke and mirror tricks and the share price reached its lowest point that even Howard could not match. We are still waiting for him and the new management to deliver what they said they would during the EGM to remove Howard.
My personal opinion is that the management is playing the waiting game. If a TO happens at this point, there will be some serious backlash and hopefully ASIC will investigate further.
I dont think most holders will be prepared to do cheerleading for this company. I have said this earlier, its only a matter of time.
I wonder if the chinese owners take over this company and years later they claim to find a massive copper deposit, will this make you think that they already knew about it during the TO?
On another note, has anyone seen the office in Perth or met the new management?
BTW
QMN Price at posting:
1.9¢ Sentiment: None Disclosure: Held
