CQT - Conquest Mining

33.5c now...

Despite a poor day for the ASX and resources..

just when you think the price is falling, a surge of buyers comes in to maintain the price. can't believe the strength of this stock when everything else is going down. just wait for the updated drill results, will definitely run up to a few bucks

imajica said:

Just wait for the updated drill results, will definitely run up to a few bucks

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I hope you are right of course..

When are the next results due?

Surely the sellers at .34 will run out soon

Seems to be a large buyer base at that price.

VERY interesting stock this and yes, would be good to know roughly when the ann is due.

Realist said:

I hope you are right of course..

When are the next results due?

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28 July Report (Quarterly) ...so that's next week... but not sure if that includes the results that u r referring to....I'm hoping that it will keep going North...eheheh

JT

good to see solid support at 34 cents

moving up nicely without jumping the gun too quickly and getting a speeding ticket

35 cents!!! and a ****load of support at 34.5

we just may see the 35 cent barrier broken today - although there are a lot of sellers to get through

I see it bouncing up to 0.35c every day. Quite volatile. This tells that this is a resistance point and once it passes this it will set a new point.

At last, Over 35c . Go you good thing

Yep 35.5 cents now!!

geez Realist, just about gave it away the other day . I'm glad I held for a bit longer . The stock is holding up well even on a bad day
Cheers Martin

looks like a bit of Friday afternoon profit taking - so predictable

perfectly healthy before the next leg up

if we get an announcement later on this arvo or on Monday the shareprice will go ballistic

imajica said:

looks like a bit of Friday afternoon profit taking - so predictable

perfectly healthy before the next leg up

if we get an announcement later on this arvo or on Monday the shareprice will go ballistic

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Jovial mentioneed 28th July for quaterly results.
Are you expecting to hear something before then?

Imajica, you certainly are a cheerleader for cqt. It is like you are willing it on..

34.5 cents now!

is it too late to get in now at 34.5cents? I've made some loses recently, hope this will make up for it. How sound is this company? Advice Pls.

ltse said:

is it too late to get in now at 34.5cents? I've made some loses recently, hope this will make up for it. How sound is this company? Advice Pls.

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We can't give advice. You should do your own research.

But this stock is highly speculative - it in no way is it an investment, it is purely a gamble in my eyes.

My advice if I was to give you some is to sit and watch it for a while. If you want in, try for around 30 cents.

Closed at 36.5 cents.

It's hot at the moment alright...

Conquest discovery makes the news!!! this is seriously going to fly on Monday





CONQUEST PICKS UP THE BATON IN COPPER STAKES
by Julie-Anne Sprague

The baton in the copper tag-team rally was handed to Balcatta-based Conquest mining yesterday, which surged 20% and extended its gains since handing down high-grade hits at its Queensland project a week ago to more than 120%.

Fuelling the fresh run was speculation Conquest would be forced to upgrade its Mt Carlton resource estimate based on the drilling results it released last Friday.

Conquest claimed the results were its 'most significant geological discovery to date', which included one hole intercepting 28 metres with 4350 grams per tonne of silver, 0.71 gpt gold and 5.9 percent copper.

The roller-coaster ride for shareholders in Cloncurry, Queensland, explorer CuDeco continued, withthe stock falling 11percent, or 42cents, to $3.37.

CuDeco's shares jumped 66.2% on Thursday, snapping a savage three-day share price plunge after fresh results from its Las Minerale deposit extended the strike zone by 50 metres.

CuDeco, formerly Australian Mining Investments, reached a peak of $10 earlier this on bullish resource figures for its Cloncurry project.

The company was later forced to revise down its estimate, slashing its stock to $2.55.

Shares in fellow explorer Kings Minerals were placed in a trading halt yesterday, following a 35% run on Thursday after it stuck high grade zones of copper, molybdenum, gold and uranium and its Kalman prospect south-west of Cloncurry. Industry sources said yesterday the company was planning a capital raising.

Conquest managing director John Terpu said that during the past 2 months Conquest had uncovered ore grade minerals in almost every hole drilled.

"I beleive there is substantial potential for expansion of this deposit," he said in a statement to the Australian Stock Exchange.

Mr Terpu said he was waiting on additional information but expected to upgrade the Mt Calton resource early next week.

"We didn't have enough time (last week) to work out what the results meant to our global resource in the area", Mr Terpu said. "I think some of the analysts have joined the dots in terms of what the results mean to our resource"

DJ Carmicheal analyst Paul Adams said some of Conquest's Mt Carlton intersections were "Spectacular" and there "could well be a reasonable increase to the Silver Hill prospect".

CQT has gained 120% since suspension, investors are confident to have a "high" grade discovery of copper, silver and gold.

Differentiating Factor
Conquest Mining is a multi-commodity explorer. The company has diversified its operations in various areas of mining exploration throughout Australia. Australia is one of the leading producer of zinc and lead in the world. CQT focuses mainly on the prospective Kimberley Diamond Fields in Western Australia and Charters Towers Gold Fields in Queensland.

From the past few days, CQT has been traded under high volume with a steady rise through out the period which indicate news or ann is approaching. The most significant thing is that the price rose when the market is in negative territory which seems to be very supportive.

"Powerful rally continues for Conquest Mining (CQT.AU), last
up 15% at 35 cents on heavy trading of 9.7 million shares. On July 6, CQT traded
at 13.5 cents, but that was before news of high-grade polymetal commercial
strike at Mount Carlton project, east of Charters Towers. Best intercepts
included 11 meters grading 27.6 gram/ton gold, 188 grams/ton silver, 2.01%
copper; another hole intercepted 28 meters assaying 4,350 grams/ton silver, 0.71
grams/ton gold, 5.9% copper. "We reckon we are onto something so watch this
space," exploration manager Peter Rea tells Townsville Bulletin newspaper
Tuesday. "

I personally believe the ann for drilling update + the 4th quarter cash flow will further support the rally. It will be interesting to see how it moves this week!

41.5 cents now!!

Oh man this is looking good. :

When do you sell though? Any ideas