Australian (ASX) Stock Market Forum

CQT - Conquest Mining

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thank god I got in early yesterday!!!

you would be laughing all the way to the bank if you had got them when they were 4 cents.
 
.355 now! :eek:

It's climbing nicely.

I'll just let it run until it becomes bigger than BHP then sell some. And I'll put in a stop loss at what I bought it for plus 1 cent to cover any losses.

The word "hope" comes to mind...

(No I am not REA, Cuttlefish - BTW I dare you to do a one off trade today)
 
eddievanhalen said:
Haha :D
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Would you believe this was purely a buy and hold investment based on sound fundamentals that I plan holding for at least 30 years and reinvesting the 7% dividends?

:eek:
 
Ahh its just dropped a cent. Sell, Sell, where's the nearest window.. :banghead:
 
bit of profit taking there, looks like its going to march towards 40 cents by the arvo

was wondering if you guys are ARH holders as well?

if their iron ore deal gets off the ground its also going to rocket
 
Up to .355 again, lucky I didn't jump. ;)

imajica, when are you going to sell? What is your stop loss and the point where you are happy with your return and take some profits?
 
I still think the stock has a long way to run, simply due to further drilling results being announced over the next few weeks. If they can prove a multi-billion dollar resource then the share price will at least reach a few dollars. If for some bizarre reason tragedy occurs then I would put a stop loss around the 35 cent mark. ( but not yet though). This would lock in a few thousand profit. How bout u realist?
 
imajica said:
I still think the stock has a long way to run, simply due to further drilling results being announced over the next few weeks. If they can prove a multi-billion dollar resource then the share price will at least reach a few dollars. If for some bizarre reason tragedy occurs then I would put a stop loss around the 35 cent mark. ( but not yet though). This would lock in a few thousand profit. How bout u realist?
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Well the company has been around for years - which gives me some confidence. The market cap now is about $50M - not too overvalued. And the recent announcement sounds to be legit and fairly valuable. The gold in particular interests me, the gold can be delivered from there at $15 per ounce apparently, where the norm is about 4 to 5 times that. and it was a "high grade gold intersection". so the cost of doing business is lower than others which excites me!! And gold of course is great when other things turn sour.

So I'll hold and hope for quite a while, I am no chartist and don't follow trends as such. This was a purely a punt. But fundamentally for a punt it has a bit of merit I think - cheap gold!!

Saying that, anything below 26 cents and I am out. Cut my losses and run to safer ground.

Otherwise I'll just wait and wait. And hope and hope.

36 cents now!!
 
all it will take is the next bit of news to come out and this stock will get another rocket up its...
 
I wonder if CQT has the potential to follow a similar patter to Australian Mining Investments, which started the year at 16.5 cents, hit $7.11 before dropping back to around $3.
If so it could mean a ride for CQT but that being said leaves scope for huge gains in share price, as its the small caps that make the big gains which add on huge % increases in short periods. Lets see how CQT goes, as it does have fundamental prospoects underpinning its share price gains.
 
Realist said:
... The market cap now is about $50M - not too overvalued.
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Based on what valuation? Also you haven't diluted for options either by the looks of it. (I thought we'd been through this idea of looking into capital structure in more detail when we were discussing CMI).

The gold in particular interests me, the gold can be delivered from there at $15 per ounce apparently, where the norm is about 4 to 5 times that
Click to expand...

Unless I misread it the $15 figure was the exploration cost per oz, not the production cost.
 
cuttlefish said:
Based on what valuation? Also you haven't diluted for options either by the looks of it. (I thought we'd been through this idea of looking into capital structure in more detail when we were discussing CMI).

Unless I misread it the $15 figure was the exploration cost per oz, not the production cost.
Click to expand...

Cuttlefish, make no mistake about it, this company is worth about $4M, yet the market cap is $50M.

I am taking a punt, there are no fundamentals whatsoever to suggest you would ever buy this stock.

Much like there are no fundamentals to suggest ever betting on the Melbourne cup is wise, but it is all fun and games (until someone loses an eye :eek: ).
 
Down to 32 now...

anyone wanna jump with me?

xin_51100106084489829711.jpg
 
Certainly is dropping off!! .30 now!

Weaker hands? Fear? Actually, the whole market is dropping at the moment.

But wait...buyers coming in to lap up the lows ;)
 
looks like there were a fair few stops at 33.5 and 32 - both pretty obvious stop levels - intraday low and yesterdays close. (my trailing was at 33.5 but only got 32.5/32 on execution).

Be interesting to see what the next round of drilling produces - certainly an interesting couple of drill holes in this lot.
 

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