Australian (ASX) Stock Market Forum

CQT - Conquest Mining

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Well - they did themselves in todays Qtly rep.
Dunno if there are any independent estimates to compare with...

They say AUD$1395 000 000 combined Au; Ag; Cu.
They are assuming AUD$820/ounce Au; $16/ounce Ag; $9250/tonne Cu.

That's As At Jan 2007. - so doesn't include any results yet from latest drilling / resource extensions.

Sounds nice and there should be more to come...:) Best check the Rep. yourself though - I only had a quickish look.
 
Its been pretty steady lately, just got a feeling its going to have another run.

They also bought a stage in ELL and they look pretty much as good as CQT.

I just had a listen to the BRR radio report by the CQT director. A touch of arrogance in his tone, relistening it sounded like he was on top of the world and you'd be stupid not to buy up CQT.

Resource upgrade would seem likely. Cant see much downside.
 
There has been heaps of drilling this year and no results released.

We should see some upward movement once the resource is increased.
 
Up 16% in the last couple of days... this stock has the habit of having a nice run up until an announcement and then drops back. Any ideas as to a possible announcement coming up?
 
Dilling results from this year should be announced any time now. There has been heaps of drilling but no assay results.
 
The chartists belive this is about to run. Flag formation at play. If it breaks 85c it should run again. You could also get an asymetic triangle if you chart it on the monthlys.

I bought more CQT last week on the cheap hoping it would breakout and run this week. It still hasn't happened!!!

Maybe TA is a load of rubbish after all
 
Charts have been looking real good on this one. Would be good if someone could post one from this forum. The run this time is a bit cooler than the normal CQT runs. No ramping which is good. Roadshow is coming to Institutions etc and obviously there has to an announcement re the drilling results.

Bit of chatter coming out of Perth re a JV and the street talk is okay

DYOR though
 
CQT will be a producer soon. The cost of mining for conquest is ridiculous. Very low cost gold miner.

Good for the long term list in my opinion.
 
Its been a good day for CQT today.

Its up 9c or 9.41% when the rest of the market is red.

Its breaking out and should keep runing to about 1.25. If we get some good news it may run further.
 
The charts I am seeing on other forums are real good for this one. There was a doji star reversal about a week and a half ago. Announcement could come any time but I dont think it needs one to continue to run over the $1.00.

Would love a chart to be posted in ASF
 
Ken said:
CQT will be a producer soon. The cost of mining for conquest is ridiculous. Very low cost gold miner.

Good for the long term list in my opinion.
Click to expand...

Ken - from my limited understanding it takes quite a long time to get a gold mine up and running doesn't it? EIS approvals, acquiring machinery, staff and processing equip. etc. I havn't yet seen any information from CQT about that process being well underway.
When do you (or anyone) think they could realistically start producing??
2008? 2009?

- Director (Mr Radici) buying 50000 shares on April 23 could certainly be a good sign also.
Hooing for big things from the next resource results.:D
 
CQT has started metallergical testwork and has started the pit optimisation modelling. It has also contructed a campsite.
 
Was just about to post that CQT has been queit lately - when they released a new Mt Carlton project update!

>> Mostly infill drilling recently - confirming March resources with view to upgrading current resources to 'measured' status by end of August.

They will also initiate a scoping study with view to mine development timeline.

Maybe most significant in this report is their geophysical modelling which shows other nearby areas to have similar potential to Mt Carlton.
They apparently have a flyover modelling presentation on their website - havn't seen it yet.

Any comments on this one?

http://www.conquestmining.com.au/pdf/320_mt_carlton_drilling_update_26_june_07.pdf

More 'outstanding' drill results would have been welcome of course - but it sounds like they were mostly looking to confirm current resources.
 
Its about time they stared looking to other areas in their 25klm strike zone. Its worth going back to the interview at http://www.brr.com.au/event/CQT/844/16354 from 19 October 06.

There is one thing I wish i could work out. The last quarterly made mention of a Auzre Capital being appointed the financial advisor.

I doubt CQT will be raising capital as there was $17Mil in the bank. The potential of a much larger resource has been increased by resent info and comparisions are being made to Yanacocha...

Could we see a take over of CQT? Could a joint venture, merger or acquisition be in the planning? Whatever is about to happen it has stalled the institutional roadshow that was planned to commence over a month ago, it will take place at all.
 
CQT trading halt and the stock has risen before the HALT.

I smell some leaks in the CQT ship..

Could be happy days a head for holders.

Wait and see.

I am backing $1 + now.
 
Any educated guesses on what the trading halts for?

They have gone up overs the last few days consistantly, so

its sounds like its gonna be good news:)
 
tvhead said:
Any educated guesses on what the trading halts for?

They have gone up overs the last few days consistantly, so

its sounds like its gonna be good news:)
Click to expand...

Ann out that Goldfields will get >50% in jv for some drilling, not good imo, seems to be all to Goldfields benefit. SP closed down 3c at close today.

Key terms:
– Gold Fields has the opportunity to earn a 51% interest in the Regional JV Area by
completing 150,000 metres of drilling (the Drilling Requirement) within three years.
– Gold Fields is obliged to expend at least $5 million in respect of the Regional JV Area in
the first 12 months of the JVA.
– Upon meeting the Drilling Requirement, Gold Fields has the right to increase its interest in
the Regional JV by 24% (to 75%) for an amount calculated based on a weighted average
of Gold Fields’ expenditure incurred in meeting the Drilling Requirement and an
independently determined NPV for the Regional JV Area.
– Upon meeting the Drilling Requirement, Gold Fields also has the right to acquire a 50%
interest in the Mt Carlton project based on an independently determined NPV.
– Gold Fields will establish its own exploration team to staff the Regional JV Area, with the
understanding that Gold Fields and Conquest will, where possible, share resources to
most efficiently and cost effectively allow the exploration activities of both companies to
proceed.
– Conditions precedent comprise ratification by both company’s Boards, SARB approval and
a due diligence within 60 days.
 
www.brr.com.au

I like it.

They are looking at 2 million plus ounces.

Resource upgrade in september.

Expected first production..


If this isn't a mid tier producer well it cant get any clearer.

5 year old entry at right price. Maybe in the 60's....
 
imo this is gonna win the August tipping competition with ease.I wish i became a member earlier so i could join in the fun. Oh well looks like i will have to win Septembers comp with this dormant volcano :D:D
 
The only way i can see this winning the August tipping comp is by it getting a jump on everyone by closing at 30c tomorrow!

I'm a holder of CQT and am confident it will do well in the comming months, but to win the comp we will need something huge. This month's leader is sitting on 130%... If CQT went up 130% it would go up by a dollar...

I think the CQT share price is being held down atm by those selling to take advantage of the CGT break. There would have been an influx of new holders over a year ago with the huge spike in volume that occurred. It looks like they are letting CQT go now (after the joint venture announcement).
 

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