Australian (ASX) Stock Market Forum

CQT - Conquest Mining

Jump to new
Well I do not agree that the announcement was not pleasing, it was neutral. They sold some WA land for half a mill, which aint bad news at all.

CQT is one of the biggest land owners in QLD. It looks like they have a sh*t load of Gold, Silver and Copper.

I will hold, nervously.... :eek:

But I agree that some unpatient people may pull out and the price may fall, 28 cents is not a bad estimate. But I'm in this for the long run.

The company seems well run, conservative, they have excellent land holdings with good resource estimates. It aint overpriced for what it has.

(Damn I aint much of a trader, I just can not bring myself to sell :mad: )
 
State One Stockbroking - Stock Focus on CQT:

http://www.conquestmining.com.au/news.php?type=3

EXTRACT:

"Rough preliminary calculations indicate that the project has the potential to produce 120,000oz AuEq per annum utilising a 1.0mtpa plant (55,000oz Au,
1.45moz Ag & 4,500t Cu) at a cash cost of A$400/oz AuEq.

On a gold only basis and treating the silver and copper revenues as by-product credits, the cash cost becomes negative. Due to the complex mix of gold, silver, copper, and zinc, the metallurgical process will form a critical element of a feasibility study.

Investment Case:

With the strong likelihood of further impressive drilling results and resource increases at Silver Hill we believe there is little risk purchasing CQT below 40 ¢, and believe that if the resource at Silver Hill can be doubled to 1.0m ounces AuEq over the coming months, a valuation closer to 60 ¢ would be more appropriate.

We are forecasting a continuing rise in CQT's share price on the back of ongoing step-out exploration drilling and infill diamond drilling. We believe news flow should be fairly consistent going forward with drilling results announced at least monthly".

DYOR
 
Up to 44c today, looking good to hold above 40c till the next ann. Who knows, she might even break into the 50's.

From a TA stand point is looks like there have been a few buy signals over the past weeks.

Points to note:

1> The RSI is fairly high.

2> The parabolic SAR has just switched from a downtrend to an uptrend. Personally I don't put a great deal of belief in this type of indicator.

3> 9 Day SMA broken last week.

4> 20 day SMA broken this week.

5> 20 day EMA has never been broken since the first run.

6> Just broke the upper envelope of the 20 day bollinger band.

I'm new to share trading, and technical analysis so don't go betting on the newbie - DYOR.
 

Attachments

  • CQT_Technicals.JPG
    CQT_Technicals.JPG
    90.5 KB · Views: 154
donjohnson said:
Up to 44c today, looking good to hold above 40c till the next ann. Who knows, she might even break into the 50's.

From a TA stand point is looks like there have been a few buy signals over the past weeks.

Points to note:

1> The RSI is fairly high.

2> The parabolic SAR has just switched from a downtrend to an uptrend. Personally I don't put a great deal of belief in this type of indicator.

3> 9 Day SMA broken last week.

4> 20 day SMA broken this week.

5> 20 day EMA has never been broken since the first run.

6> Just broke the upper envelope of the 20 day bollinger band.

I'm new to share trading, and technical analysis so don't go betting on the newbie - DYOR.
Click to expand...

Hi there..

As another newbie, can I ask which resources you used to find information on the above indicators? I'd like to learn more about these types of indicators so I can form a set for myself to use.
 
Don't forget the help section in your own charting software.

Most of them have a pretty good reference as close as F1
John
 
Share price 44c when posting...

"Market Update
25 August 2006

MT CARLTON DRILLING PROGRAM

Further to our last announcement to the ASX on 16 August 2006 Conquest Mining Limited (ASX Code: CQT) advises that it has progressed its drilling program with two rigs at Silver Hill. A diamond core drill rig has been engaged to duplicate recent high grade gold and silver intersections, and reverse circulation drilling seeks to extend the resource.

Diamond drill holes HC06DD004 (parallel to hole HC06RC39) and HC06RCD58 (parallel to hole HC06RC53) have been completed and drill core samples will be dispatched to the assay laboratory mid next week. A 24 hour shift for the diamond drill rig is scheduled to commence shortly. The reverse circulation percussion drilling rig has completed 3 exploration holes and a scissor hole in hole HC06RC39 is in progress.

Drilling is planned to continue for the remainder of the year with the objective of defining the extent of the new Silver Hill deposit.

SALE OF TENEMENTS

Conquest is pleased to announce that it has recently completed a sale transaction with Northern Resources Ltd for the sale of 5 non-core Queensland tenements (EPM 14944, EPM14946, EPM 15512, EPM15531 and EPM15532). In keeping with the company’s objective of progressing its Mt Carlton project, the disposal will allow the company to direct its personnel and material resources to the current gold/silver/copper development. As
consideration for the sale, Conquest will receive 5 million fully paid shares and 5 million options in Northern Resources Ltd. The purchaser proposes to combine these tenements and other assets in a new IPO.

John Terpu
Managing Director"
 
The news above has no information about their resources, and that will be at least 2 weeks by the sounds of it. But it is nice to see they are continuing to sell land, they have alot of land to sell. And again they seem to be doing things prudently and conservatively.

Still holding and hoping.... :eek:
 
CQT in a trading HALT as of this morning... one would estimate this is because drilling results are pending...

Hopefully they're of excellent quality.
 
:eek:

Well I wont get excited, or count my chickens, but news is on the way, I just hope it is excellent news..

Holding, nervously. :eek:
 
Realist said:
:eek:

Well I wont get excited, or count my chickens, but news is on the way, I just hope it is excellent news..

Holding, nervously. :eek:
Click to expand...

You beat me to it... yes, holding and hoping as well. They've had a nice little run recently
 
hi folks
Gee I hope this will be good news . I have had a bit of a bad run when it comes to stock going on a trading halt and then being relisted .
Maybe a takeover . ? If Auslect can't get Sedimentry maybe they will try another player .

At least they put that halt in on Monday and didn't leave us dangling over the weekend .
Cheers
 
I fink, most people expect a good report and a lot of good result about drill.

The question will be how good is the result, above the expectation? Also will the result provide more opportunity for further result after an opening rise. We often see price rocket and then full bak. I believe it has a good potential at least till the end of this yr, a lot to look for!
 

Similar threads

ducati916
May 2024 DDD
2 3 4
Replies
69
Views
6K
qldfrog
qldfrog
R
The American use of War Pretext Incidents
Replies
6
Views
9K
sptrawler
sptrawler
Top