CQT - Conquest Mining

[Ken]

there getting taken over by a south african miner.

 

[Dink]

there getting taken over by a south african miner.

Just curious as to where this information came from?

 

[Ken]

meeting was held yesterday.

the south african miner has purchased 17% of the companies options so far.

 

[Ken]

CQT 40 cents.

bit of a disappointment for some.

 

[Ken]

not a disappointment for the last trade yesterday 95000 shares at 40 cents!

just a lazy 3k profit in a day.

probly run again you'd think....

 

[imajica]

heard a rumour that this one will pop at any moment - btw I don't hold any shares in CQT - just thought I'd share some info - my friends in the industry are usually right

 

[gresim25]

by 'pop' u mean it's going up as it is now?

 

[imajica]

rumour is that its heading north soon

 

[imajica]

and there it goes! massive buying support

 

[Bullion]

Where?

 

[BSD]

No rumours - Goldfields Ltd have taken a 14% stake in CQT.

This was announced Tuesday morning. The market is asleep at the moment - hence the delayed response.

http://www.asx.com.au/asx/statistic...qt&timeFrameSearchType=D&releasedDuringCode=W

Goldfields have been aggressively buying the physical and options through Austock (revving the price 20% in early Nov) and have the backing of a gold operation producing 4m/oz per annum.

www.goldfields.co.za

The grades and size of CQT's soon to be confirmed (Jan) reserves would appear to be world class.

CQT is going up

 

[chennyleeeee]

The doji candle that formed isnt exactly promising. Volume isnt relatively high for CQT so wouldnt think its a breakout at this stage. 52 cents acted as a resistence for some time now so we'll wait till the next trading day to see if CQT is reeving itself up.

CHENNY

 

[Ken]

i said a south african miner was looking at taking this one over....

Novemebr 22nd.... read through my post....

 

[Brissydave]

from the Herald Sun

Brendan Fogarty, of State One Stockbroking, said Conquest Mining, an emerging gold producer, was worthy of consideration.

He said Conquest was due to start mining mid next year and had estimated reserves of 800,000 ounces, which could double with more exploration.

"The open-pit mining operation is relatively simple because the gold is close to the surface," he said.

"There are not many hurdles to production. The gold price should remain strong in the face of rising mining costs."

Mr Fogarty said a South African gold miner had the option to acquire a 15 per cent stake in Conquest, highlighting its takeover appeal.

glad to be holding ... takeover rumours alone could drive this stock to 60+ cents .... then if the rumour becomes fact and there is a takeover, I for one will be wanting top dollar ... and of course if there is no takeover Conquest will be a producer this coming year anyway .... geez ... maybe I should get more .... LOL

Cheers .... Dave

 

[kransky]

how bullish are you about future copper prices with their operating costs at US$1.59 per pound they need to stay elevated...

 

[dubiousinfo]

Up 15% again today.
Gold Fields announced on Wednesday 27/12 that they had become a substantial holder with just under 15%. Guess this is helping to fuel the takeover rumors.
Anybody know the planned timing for issue of the shares for opies recently exercised? Might look to take some off the table & lock in some profits once mine are issued.

 

[Brissydave]

I had my fears when it stalled at 10.30 this morning ... but she has held up well ... a close near the high would be great for tomorrow .... can't wait for the next announcement from Goldfields as per their holding percentage now !!!!

Cheers ... Dave

 

[Ken]

Anyone notice the director just bought 400,000 bucks worth on december 28...?

Share price up 7% 59 cents.

 

[Jimmy001]

Thats true.. they are supposed to start drilling again next week I think.. could be a good sign of things to come?

However, charting wise its hard to draw any conclusions coz it looks more volatile now than it has for the past few months... plus, depth wise there isn't the buyers one would expect to accompany impending good news.. especially when the change in directors and substantial holdings are taken into consideration.

Me thinks i'll hold off a little longer to see where this is going.

 

[ALFguy]

Me thinks i'll hold off a little longer to see where this is going.

Can you see where it's going now?

Broken through 60c and back into blue sky territory.

I honestly think because of it's original trading band 40-50c that buyers are skittish about a possible fall. Hence why it isn't running.

I wonder if GF are trying to accumulate more? Any increase in their holding is going to fuel the TO rumors again.