CGB - Cann Global

[System]

Queensland Bauxite Limited (QBL) was formerly known as Australian Gold Investments Limited (AGV).

http://www.queenslandbauxite.com.au

 

[springhill]

MC - $4m
SP - 1.5c
Shares - 271m
Options - NQ
Cash - $4.4m

I like the cash position and the MC:Cash ratio, but a few too many shares on issue at this point. Not saying something won't happen, but doesn't fit my criteria precisely enough.

JUNE QUARTERLY ACTIVITIES
● QBL is continuing to assess new bauxite project opportunities
● Further negotiations surrounding environmental constraints to determine future exploration programmes
● QBL is continuing to negotiate and finalise access agreements for identified high priority drilling targets

Queensland Bauxite is focused on defining significant bauxite resources with a view to commencing direct shipping ore (DSO) bauxite mining and export operations. During the June Quarter QBL has concentrated on reviewing a range of new significant bauxite project opportunities and progressed its current projects for future exploration programmes. QBL is also assessing options to divest or pursue partners for its secondary gold assets.

QBL assessing new significant project acquisition opportunities
As a result of QBL's strong shareholder base and technical expertise, QBL has been approached in relation to substantial project opportunities. QBL's directors and management, together with its technical and corporate advisors, are currently reviewing these opportunities, and the Company will inform the market should any opportunity be progressed.

 

[goliath]

QBL Take off blue sky's

Great ann today. Great management & is ready to go off like a firecracker after coming out of TH tomorrow

 

[Joe Blow]

Re: QBL Take off blue sky's

Great ann today. Great management & is ready to go off like a firecracker after coming out of TH tomorrow

Goliath, welcome to ASF!

You are obviously new here and have probably come from another stock market forum where ramping is accepted as the norm. Just so you know, it's not the norm here and we expect a little more from people. Given that is the case, I have a few questions I'd like you to answer.

1. What was today's announcement and why was it "great"?
2. On what do you base your assertion that QBL has "great management"?
3. Please explain why you believe QBL will "go off like a firecracker" when it comes out of a trading halt tomorrow.

Thank you for your co-operation.

For future reference, please review our policy on ramping: https://www.aussiestockforums.com/forums/showthread.php?t=4773

If you have any questions, please feel free to ask them in that thread.

 

[HolyWars]

Another trading halt today as of 3pm.

 

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The daily chart appears to have formed a basing pattern with resistance at 2.4c.



I arrived a little too late for last week's obvious Intraday swingers, but I did accumulate a position around 2.5c. It seems last Wednesday's Progress Report http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01551660 had the desired effect

Target 3c+; trailing Stop 2.4c

 

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... back in business for another little run.



Intraday swingers notwithstanding, I'm targeting 2.8c resistance.

 

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It's been rather quiet around QBL - until today's announcement.
Although it didn't say very much, price and volume have sharply picked up.



A cynic might say " I feel a trading halt and cap raising coming up. "
Hang on - they just had one in March at 1.4c, right?

but then again ... after the success last October, I'm risking a few Quid and see how it pans out.

 

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http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01818355
expect more news about mining permit by 19 January.

 

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http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01835802
Holy Smoke! Now they've gone to pot!

 

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That "High" went quickly up in smoke

Gap-up closed.
It should be interesting to see what today's high buyers are about to do.
I kept a small posi - just in case ...

 

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just in case

glad I kept it

How High can they go, one has to wonder?
On the Market Depth, sellers seem to speculate on over 4c. "I'd like to see that."

Incidentally, there are several more companies interested in pot plants. This is my list.
Please amend if I missed a candidate. Thanks

AC8, CPH, ESE, MMJ, MXC, QBL, ZLD

 

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I just found I have to include BOT
so the Pot watchlist reads now: AC8, BOT, CPH, ESE, MMJ, MXC, QBL, ZLD

 

[ojhowle]

It seems like all the pot stocks are tracking very well over the past week. Is this due to the policy that has legalised medical marijuana imports into Australia?

 

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It seems like all the pot stocks are tracking very well over the past week. Is this due to the policy that has legalised medical marijuana imports into Australia?

looks more like a brief pipe dream.
Yesterday, nearly all of the Pot plants in my 'pot' watch list were green.

Today, they have gone up in smoke and only left red embers:

 

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The pot rush is over for now. I have taken my money off the table and waved Pnina good-bye.

Shall reconsider when I see substantial support.

 

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Hemp seed has now been declared a legal food.
Nimbin will be delighted: Can't afford bread? Let them eat (hemp) cake

 

[greggles]

HISTORIC MOMENT FOR QBL

A significant milestone has now been reached in Australia that has a major positive impact on the potential business, cashflow and profitability for Queensland Bauxite Limited (QBL)’s investment in Medical Cannabis Limited (MCL). Now that hemp foods products have been made officially legal for human consumption in Australia as of 12 November, MCL, through its Vitahemp brand, is now well set to become the premier hemp food company in Australia.

QBL up 45% today after announcing their entry in the hemp food products market through their investment in Medical Cannabis Limited.

 

[barney]

I'll see your 45% and raise you another 50% Hope you are still in on this Greggles.

I remember I scoffed when these guys first bought into the MM arena given they were a Bauxite Co. Now that I own them I am a loyal shareholder
Broke out on 9th October at 2 cents ... currently trading around 5 and a half cents and looking strong .... not scoffing anymore lol ......

 

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Look at the pot planters go today! Risk On!