CQT - Conquest Mining
- Thread starter Brissydave
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ALFguy
Trading gives me a headache
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Jimmy001 said:
I jumped in this morning but didn't expect it to close so low.
Don't like the look of the chart now but you never know with this one.
Still holding.
Is anyone else still in this?
It seems to be struggling to get up, yet when you combine the news of directors accumulating more, and drilling to recommence this week, things should be looking good. Either way I'm holding to see what comes, but anyone got any opinions on why its not receiving much interest despite these facts?
It seems to be struggling to get up, yet when you combine the news of directors accumulating more, and drilling to recommence this week, things should be looking good. Either way I'm holding to see what comes, but anyone got any opinions on why its not receiving much interest despite these facts?
Porper
Ralph Nelson Elliott
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Jimmy001 said:
I would hardly call up 50% in 1 month struggling.
There was a nice bounce off the 0.52 mark Thursday, so good time to buy was then or Friday i.m.o.A tight stop just under 0.52 gives a very nice risk/reward ratio.
It has tested that old resistance / new support once, might do it again but wouldn't bank on it.
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Up another 9% today.
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dubiousinfo said:
It was up to 67 today, but closed at 64.5
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Jimmy001 said:
Everyone that converted options in the last few days of December is still in as the company seems to be taking the full time allowed to issue the shares. But that seems to be a bonus at the moment as the SP keeps climbing.
Spoke to the Company last week and they said they had recieved loads of convertion applications in the last week of December, so it will be interesting to see if there is a sell off when the shares come through, which should be Monday or Tuesday next week.
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I think an announcement is due with results of recent drilling towards the end of the month. Hope it shows there are more resources than previously estimated. This would explain the price rise.
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Jimmy001 said:
Technically the directors weren't buying. The shares they picked up were in relation to underwriting the opies that expired on 31/12/07. Basically, they picked up the tab for any opies that were not exercised. I'm quite surprised there were so many given the size of the premium, opies were 20c exercise and the shares were at 60c at the time.
Interestingly though, it appears that between them, the directors hold almost 10% of the shares and this would be enough to stop compulsory acquisition and potentially block any takeover if they were not happy with the price.
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Actually only 699,066 options were not taken up, and had to be underwritten ... at 20c per option ... and these options were underwritten by several directors, at a total cost of about $140,000
John Terpu, and his family retirement companies have actually spent over $1,700,000 recently according to the AXS release regarding the change in substantial holding, on the 16th.
Cheers .... Dave
John Terpu, and his family retirement companies have actually spent over $1,700,000 recently according to the AXS release regarding the change in substantial holding, on the 16th.
Cheers .... Dave
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This has also popped up in sun herald this weekend http://www.news.com.au/sundayheraldsun/story/0,21985,21091054-664,00.html
Exert
Mr Fogarty said investors should consider Conquest Mining as it had an inferred resource of 800,000 ounces of gold at its North Queensland project.
"The resource is close to the surface so it is easy to mine through open pit operations," he said.
Mr Fogarty said South African miner Goldfields had taken a 15 per cent stake.
"Conquest has corporate appeal," he said.
And i was considering selling to take my profits in the upcoming days... Think I'll hold for a little while longer and see how this pans out
Exert
Mr Fogarty said investors should consider Conquest Mining as it had an inferred resource of 800,000 ounces of gold at its North Queensland project.
"The resource is close to the surface so it is easy to mine through open pit operations," he said.
Mr Fogarty said South African miner Goldfields had taken a 15 per cent stake.
"Conquest has corporate appeal," he said.
And i was considering selling to take my profits in the upcoming days... Think I'll hold for a little while longer and see how this pans out
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Goldfields has just sold its shares in AVO - $26Mil worth
Will they now use this $$ to buy up in CQT??? The next few days should be interesting.
http://www.asx.com.au/asxpdf/20070122/pdf/310ldcvv83nbfv.pdf
The full text of a company announcement is pasted below
Avoca Resources Ltd is pleased to announce that Pala Investments Holdings Ltd has acquired a 13.3 per cent shareholding, or 19,849,861 shares, in Avoca from St Ives Gold Mining Company Pty Ltd and Gold Fields Australasia Pty Ltd, both wholly-owned subsidiaries of Gold Fields Ltd, in an off-market purchase equivalent to A$1.32 per share.
Pala, which is registered in Jersey, UK, is a US$900 million alternative investments fund focused on the mining and resources sector. Pala Investments AG, based in Zug, Switzerland, is the exclusive adviser for the fund.
Commenting on Pala's investment in Avoca, Avoca's Chairman Robert Reynolds said, "We are pleased to have an investor such as Pala become our largest shareholder. Pala is a very knowledgeable investor in the mining sector and we look forward to a close working relationship. Avoca will invite a PIAG nominee to join the Board of Directors."
Jan Castro, Managing Director of PIAG, added, "Pala's investment in Avoca represents an attractive entry platform in the gold sector. Avoca has been recognised as a high-quality emerging gold producer with strong exploration prospects. We have a tremendous amount of respect for what the management of Avoca has accomplished to date and Pala looks forward to providing additional capital to the Company for the development of Higginsville. Pala is also excited about working actively with management to execute itsstrategy, including the continuation of an active exploration program, both at Higginsville and at its other properties, designed to realize the full potential of its asset base."
Avoca holds a 100% interest in the Higginsville Gold Project in Western Australia. Since its discovery in late 2004, the Trident Gold Deposit at Higginsville has increased to a total resource base of 797,000 ounces. Following the completion of a feasibility study in December 2006, first gold production is expected in early to mid 2007 and will ramp up to an annualised rate of 160-190,000 ounces at an average life-of-mine cash cost of A$369 per ounce. In addition to Higginsville, Avoca holds interests in a number of quality exploration projects in Western Australia and South Australia.
Will they now use this $$ to buy up in CQT??? The next few days should be interesting.
http://www.asx.com.au/asxpdf/20070122/pdf/310ldcvv83nbfv.pdf
The full text of a company announcement is pasted below
Avoca Resources Ltd is pleased to announce that Pala Investments Holdings Ltd has acquired a 13.3 per cent shareholding, or 19,849,861 shares, in Avoca from St Ives Gold Mining Company Pty Ltd and Gold Fields Australasia Pty Ltd, both wholly-owned subsidiaries of Gold Fields Ltd, in an off-market purchase equivalent to A$1.32 per share.
Pala, which is registered in Jersey, UK, is a US$900 million alternative investments fund focused on the mining and resources sector. Pala Investments AG, based in Zug, Switzerland, is the exclusive adviser for the fund.
Commenting on Pala's investment in Avoca, Avoca's Chairman Robert Reynolds said, "We are pleased to have an investor such as Pala become our largest shareholder. Pala is a very knowledgeable investor in the mining sector and we look forward to a close working relationship. Avoca will invite a PIAG nominee to join the Board of Directors."
Jan Castro, Managing Director of PIAG, added, "Pala's investment in Avoca represents an attractive entry platform in the gold sector. Avoca has been recognised as a high-quality emerging gold producer with strong exploration prospects. We have a tremendous amount of respect for what the management of Avoca has accomplished to date and Pala looks forward to providing additional capital to the Company for the development of Higginsville. Pala is also excited about working actively with management to execute itsstrategy, including the continuation of an active exploration program, both at Higginsville and at its other properties, designed to realize the full potential of its asset base."
Avoca holds a 100% interest in the Higginsville Gold Project in Western Australia. Since its discovery in late 2004, the Trident Gold Deposit at Higginsville has increased to a total resource base of 797,000 ounces. Following the completion of a feasibility study in December 2006, first gold production is expected in early to mid 2007 and will ramp up to an annualised rate of 160-190,000 ounces at an average life-of-mine cash cost of A$369 per ounce. In addition to Higginsville, Avoca holds interests in a number of quality exploration projects in Western Australia and South Australia.
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Good to see I'm not the only one left on this thread!!
the question i got to ask.
how far can it go???
has had a dream run.
not saying its going to stop. it was mentioned in the herald sun along side blue companies such as bhp, qbe, anz....
they said conquest had corporate appeal... whateve that means???
how far can it go???
has had a dream run.
not saying its going to stop. it was mentioned in the herald sun along side blue companies such as bhp, qbe, anz....
they said conquest had corporate appeal... whateve that means???
Still holding this one. No point selling while the price is going up.
I normally sell whenever a stock's price has retreated 15 to 20%
from the highest price at which i have held it for.
Highest is .90 cents
Less 20% = .72 cents (so far) still making a good profit.
I normally sell whenever a stock's price has retreated 15 to 20%
from the highest price at which i have held it for.
Highest is .90 cents
Less 20% = .72 cents (so far) still making a good profit.
