Good news that the $1.5m share placement! was oversubscribed, certainly as was expected. Also existing holders also get to buy in at a discounted price and the same price as the placement which is good management by QRL. Its important to look after your existing holders.
With the coming results and the timetable makes the offer very good to take up to its maximum. As i would expect the SP to be well above the issue price of 25c...excellent buy.
QRL Price at posting:
25.7¢ Sentiment: LT Buy Disclosure: Held