Hi Thyshift,At the back of a bit of research dated May 09 it...

Hi Thyshift,

At the back of a bit of research dated May 09 it shows a Research Coverage List. On it has AQD listed as a Spec Buy at 13c.

Also of interest, is an excerpt from an online article in The Australian dated 20 Nov 08 headed "AusQuest shareholders approve part sale to US giant Cliffs"
"..Hartley resource analyst Andrew Muir, who rates AusQuest a speculative buy, said most of the company's projects had "very large scale potential".
"AusQuest is now well cashed up to progress exploration on all its projects," he said.

Also, on 5 May 08,with AQD trading at 48c Hartleys put a Spec Buy tag on it. This piece of research is on the Ausquest website. A sample is as follows:
"..AusQuest is about to start drilling on a number of fronts, all of which have the potential to be Company
making projects. At Table Hill, we estimate that if the mineralisation maintains its 4m thickness over only
6km2 of the anomaly, with a grade of 45% Mn and using a specific gravity of 2.4, the deposit could potentially
host +25Mt of manganese metal. By way of comparison, Consolidated Minerals Limited had a resource of
6.4Mt of manganese metal as at 30 June 2007.
At Diamantina, if the targeted anomaly contains economic grades of copper, gold or uranium, the size of the
deposit is likely to be on a world scale. In addition, AQD is planning to drill potential Marra Mamba iron ore
targets near Tom Price-Paraburdoo in the Pilbara in 2H CY2008. With a busy drilling schedule ahead, RIO’s
vote of confidence via the option exercise, and the cash with which to explore, we continue to rate AusQuest
Limited as a Speculative Buy."

P.S. I'm not a financial advisor.