CQT - Conquest Mining

I have already won the tipping competition with CQT.

So I highly doubt the same stock will win it twice.

lol

CQT has had a good week, seemed to have rebound a bit from the slump.....is there anything in the pipeline that we should be waiting for?

imo i think its gonna to be a good couple of weeks. Signing up with one of the biggest gold companies in the world seems pretty good to me, and to keep thier best deposits off the contract says they have something they dont want anyone to have a piece of.

Nice little move again today, after another confirmation that GFA will back them no matter what.......its going to be an interesting few weeks. Probably should have bought more in that so called market correction.

There has been a fair bit of activity going on with CQT. We should get some good announcements soon and the institutional roadshow should commence shortly thereafter.

I'm also keen to see what Goldfields finds. Comparisions to Yanacocha indicate the current deposit is only a small offshoot. Wont take too much to get the price of CQT multplying if this is correct.

Then there is all the speculation that the price of gold will increase.

Hopefully the market will see the value in CQT shortly.

wow wow
last minutes actions was impressive.
big buyers jump in with 100k orders each.
nice close. 82c.
it's been a while it below 80c.
good luck to all holders

Last minute action has been happening at close now for 3 weeks. Either co incidence or someone is having a go at it but very quitely

robandcoll said:

Last minute action has been happening at close now for 3 weeks. Either co incidence or someone is having a go at it but very quitely

Click to expand...

This has been going on for months now, not just the past few weeks. There have been days when it looked like CQT would close down on low volume, then whooska, a huge buy order is put in at the end of the day to take out a few buyers and end the day in the green on average volume.

I would love to know if the same entity is doing all that buying.

Imo, this buying at the end of the day is some one that knows a big announcement is coming, and when it doesn't come by the end of the day, he, she or them buy more knowing they are still at a bargain price. So maybe we should all buy more and keep the price moving up

CQT is in a trading halt until announcement or open on Monday.

Lets hope they don't follow the previous trend of announcing good news at bad times in the market. The price of gold should work in its favour.

any ideas whats going on with cqt and the reason behind the trading holt ?
lets hear it people........

could be:

- scoping study report.
- Infill drilling results to upgrade resource to a measured result.
- Capital raising though I doubt that as they have $15m in bank but dont discount it.
- The Goldfields factor

I was reading through the recent CQT anouncements to get a fresh feel for where the announcement to be released monday (pre market) will be heading.

I was alittle worried that the DOW was going to tank last night and that the announcement would be released on a weak day in the market (as has happended with previous releases of CQT...)

Following is a summary of what i found in my readings in relation to the future of CQT:

* CQT is presently undertaking pre-feasibility work with a view to developing an open pit mining operation
* Roadshow and powerpoint are long overdue
* Resource to be upgraded to measured status.
* It is planned to complete this infill program by the end of August, and to then compile the data for new Resource Estimation and Pit Optimisation.
* Scoping study has been commenced
* In some resent holes, gold content is increasing towards the bottom of holes and there is substantial evidence of a major breccia pipe or diatreme.
* It is possible that the entire 1km diameter circular magnetic target presented in previous announcements is actually due to a massive breccia pipe.
* If the circular target is a massive brecca pipe, it begs the question what is down below? For pipes to be shooting up 1klm in diameter, the underlying resource must be huge!!! This may be what has attracted Goldfields and is responsible for the comparisons to Yanacocha (i don't know much about Yanacocha at all, except that it is a huge system). Maybe this is what they will be presenting in the roadshow? How much would it it cost to drill deep below to test this theory? Could this be why they have entered into the JV with Goldfileds? GF may be more concerned with what is far below than near the surface??
* If the circular target is a massive brecca pipe, it begs the question how many other similar pipes have we got with resource potential close to the surface nearby?
* Could this also somewhat explain why CQT was keen to terminate the farm in agreement with Basin Gold? Why share the fruits of a large system with someone contributing little?
* metallurgical program progressing well with floatation testwork. Initial results indicate excellent recovery of precious metals.
* Exploration drilling aims to test the area between Silver Hill deposit and Herbert Creek East deposit.
* The last quarterly ended with "Drilling is planned to continue during the year with the objective of better
defining the extent of the both the Silver Hill deposit and the mineralised system". Could this be a way of CQT confirming that the current deposit is belived to be only a minor offshoot of a much larger deposit? Identification of the mineralised system is something which the GF resources and experience are better suited to doing. It appears that at the mement the exporation risk taken by GF relates to whether there is a major mineralised system in the area. If there is no such major system identified GF should not spend more than $5mil in drilling and leave the open pit operations identified or suspected to CQT to exploit.



I don't think we will get the new resource estimate as the infill drilling would have only been completed in Augutst. This may be due further down the track. This leads me to believe the roadshow may also be further down the track.

I think the news will be the scoping study which was due to be completed late August. We should get a time-line schedule and plan for development of the project as a mine.

The news could also be the results of drilling the area between Silver Hill deposit and Herbert Creek East deposit. Ift would be positive if the 2 deposits are one in them same.

I'm a little diassapointed the announcement did not come out after close on Friday, i would have liked to have gone over it on the weekend before market open.

Anyways, this is my view, what's eveyone else think?

Ann out - resource upgrade - market does not seem to have reacted much - at 10.30 up 2c, CQT 0.790 0.800 0.800 +0.020 0.800 0.810 0.790 373,777

17 September 2007 Resource Upgrade at Mt Carlton
HIGHLIGHTS
- Consultants Hellman & Schofield estimate Silver Hill Deposit Combined Indicated and Inferred Resources to be 16 million tonnes at 1.85 g/t gold, 58 g/t silver, and 0.33% copper based on a metal value cut-off of $20/tonne.
- Total Mt Carlton Resources now estimated to be 17.8 million tonnes at 1.79 g/t gold, 58.7 g/t silver, and 0.31% copper for contained 1 million ounces gold, 33 million ounces silver and 55,000 tonnes copper.
- Milestone of 2 million oz gold equivalent resource now passed.
- Significant resource increase in silver of 60% and gold 20%.
- Regional Joint Venture partner Gold Fields commenced exploration work with Pole-Dipole IP geophysical survey, and geological mapping and soil sampling programs.

could someone pls explain to me why cqt would come out of a trading holt and on a good week for the market and they drop whats going on there.?

I have NFI. And the price of gold is flying atm...

I'm backing this in this months tipping comp and was expecting big things, but it seems to have fizzled again.

This will happen, it just wont happen overnight.

I think they are dropping off small, insignificant trades, the announcements have been ok, but i expect bigger and better things coming up

JT bought at market at just under 74c a share on average. It closed today at 72c.

Its interesting that he bought just after each announcement (ie the resource upgrade and drilling update.) Maybe he himself can't belive the market's reaction to the announcements and expects a lot more.

The $276k investment is equivalent to an increase of 2% of his holdings.

On 28 December 2006 he increased his holding by 9% or spent $445k off market. Right after this the price broke resistance and nearly doubled. It ran from 51c on close on 28 December 2006 to a high of 97.5 on 24 January 2007. What i find quite interesting about this run is that it was not in response to an announcement as the last price sensative announcement was released on 13 December 2007. Will this be repeated in the next month?

not a great deal happening with cqt......very little volumes being sold no ann....does anyone have anything to bring to the table about cqt ?

We are due for some more news any time now in relation to the scoping study which was due to be completed late August. This should give us a time-line schedule and plan for development of the project as a mine.

There are also rumours that the institutional road show will commence shortly, but these rumours have been going rounds for a few months now... We should get a powerpoint presentation released when the roadshow commences. I would have expected the instutional investors to have started buying up if the road show was due to commence anytime soon.