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4.5¢ qem limited

IPO - QEM Limited, page-62

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Oldtimer46

1,933 Posts.

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16/09/18

13:34

Post #: 35629889
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Originally posted by Yuk1 ↑

Thank you Chris, you are well informed on the market, I acknowledge this. I do also like the sedimentary story. IMHO, it is a winner, because Largo/AVL/TMT and all of the hard rock miners will increase their OPEX as they go deeper (simple waste to ore ratio equation as they are in sub vertical dykes).

However, IMHO Oil Shale is not a winner. QEM is an oil shale play and this will not get through the permitting and approvals cycle quick enough. Look at the vanadium price charts, its an erratic and small market (just 180,000 tonnes per annum). The price of vanadium will definitely stay high until 2020, but after then supply will come on and QEM will be unable to raise the CAPEX as IMHO it will not be permitted and approved and the CAPEX will be too high. IMHO QEM is a dead man walking. IMHO Great stock for traders, but not for investors.

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As I said before or you just ignored what I said QER has a pilot plant and produced great stuff no environmental concerns, actually QLD is looking to unlock their massive oil reserves, most stocks on the stock mkt have their fair share of traders and investors, I believe there will be both on this stock as I would say as with the stocks you also hold, so bit of a stupid statement in my opinion.

QEM Price at posting: 0.0¢ Sentiment: Buy Disclosure: Not Held
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(20min delay)
Last 4.5¢		Change 0.009(25.0%)		Mkt cap ! $19.68M

Open	High	Low	Value	Volume
4.1¢	4.8¢	4.0¢	$34.71K	808.0K

Buyers (Bids)

No.	Vol.	Price($)
1	50000	4.3¢

Sellers (Offers)

Price($)	Vol.	No.
4.5¢	196817	1

View Market Depth

No.	Vol.	Price($)
1	7692	0.130
3	100367	0.125
2	81666	0.120
2	15000	0.100
1	11122	0.090

Price($)	Vol.	No.
0.140	9997	3
0.145	137253	5
0.150	29889	3
0.160	80000	2
0.165	10000	1

Last trade - 16.10pm 21/11/2024 (20 minute delay)

QEM (ASX) Chart