Australian (ASX) Stock Market Forum

CQT - Conquest Mining

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Realist, has posted the most realistic post, it happens to a lot of people, including myself. i often gain for the first time and sell, then when price goes up i buy again at a higher price and then a loss. I believe to be a successful trader, patient is vital.

A drop of 5% has scared most people, as most people believe the price is overvalued and ann is not out, creating a lot of doubt.

This might be true but i believe the risk of hanging is less than the benefit of doing so. The reason is first technically, the closing price is not below the opening price on friday, secondly the momentum still exist as ann is still hindering and anything may happen.

It seems strange that backing with a strong DJ, the share price went weaker, however persoanlly i believe it is a more profit taking. It will be interesting to see how it go tomorrow and if it opens in the forward manner i strong believe it is time for another rally. :2twocents
 
I have extracted a message from someone which read:

-Message Reads-

The recently announced "purple patch" of drilling has added significantly to existing resources...which was already due to an upgrade because of subsequent drilling.

Looking simply at the most interesting results to the South East of the magnetic anomaly (Between the V2 and Silver Hills prospects), they are likely to announce an order of magnitude increase from my calculations.

This area alone measures approximately 300m x 500m (ignoring isolated holes and allowing typical JORC overuns)...if we project to depths of just 20m, we get the following...

300 x 500 x 20 (deep) x 3 (sg) = 9,000,000 tonnes

With holes ending in mineralisation at 132m however, there is a very good chance this depth might increase significantly.

Eg...300 x 500 x 40 (deep) x 3 (sg) = 18,000,000 tonnes.

Taking a few quick averages from the drilling intersections and using the smaller of the above tonnages, we get the following approximate metal content...

Au = 1g/t x 9m tonnes = 320,000 ounces Au
Ag = 84g/t x 9m tonnes = 27,000,000 ounces Ag
Cu = .40% x 9m tonnes = 36,000 tonnes Cu

By any measure, these are big numbers...and still only cover 20% of the target area.

Double the depth, which would seem like a likely scenario and we can double the above numbers.

The real significance however is the grade per tonne...very robust, even after numerous discounts for future prices.

These are clearly economic by a long way!

Remember...the above numbers are only for the isolated set of results to the south east...according to the company, they are hitting significant mineralisation with virtually every hole throughout the entire target area!

Something also not mentioned before...and I may have missinterpreted here...but it appears to me we still have another 10 or so holes previously drilled for which assays have not yet been returned...so might be a surprise announcement in addition to the expected one?

Hopefuly I have not missed anything here, because the numbers seem incredible...and still only 20% (footprint) covered and nothing deeper than about 130m.

This is why I believe success with the diamond drilling at depth, could well see this stock bid at $1...lol...and no, its not a ramp!

-Message Ends-

Can someone analysis the validity of this message and the consequence to the share price if this message is correct! Fanx in advance!
 
I heard from someone who heard from someone else who heard from ...blah...
...that there may be an announcement tomorrow, possibly before open.

Will be very interested to see what results they get from the deeper drilling.
 
Ann of upgrade is out, 328% increase in gold, 413% increase in silver, 556% increase in copper, adding up a total value of 696 m, compare this to 61 m capital market, 10 fold, seem to be a big day today!!
 
Seeing as though I am not allowed to post rocket pictures can I make sounds like "wahhhhhh zoooooom weeeeeahhh peooowwww" ?

Okay in all seriousness the announcement is saying $696,000,000 is the value of the resources discovered.

Can anyone value the company for me?

Assuming the other 80% not tested has virtually nothing in it (which is obviously unlikely but I wanna be conservative).

The market cap at 41 cents is $58M. If the company is worth $580M (is that reasonable?) then the share price is gonna be $4.10 right?
 
I think this stellar announcement requires several pictures of rockets!!!

well done everybody for hanging in there!!! I knew it would work out well!!!
 
Personally I would like to add some support to Realist and his Rocket picture.

Sometimes there is just no time to read all the postings on the forum and a rocket picture like that gives you an instant overview as to what is going on. A market snapshot as they say - well with respect to this particular stock anyway.

I congratulate Realist on his earnings with this stock. But I do detect sour grapes from others - namely Nick.......
 
I'm gonna get in trouble for this by the administrator!!!

Mission: Universal Conquest

Shuttle Payload: CQT shares


rocket.jpg
 
Hahahaaaaa

Hey Imajica - well done on this by the way.

Now the big question, when do you sell?

Are you game enough to hold a year to reduce taxes (I can hear the traders fainting as I type)

But in all seriousness why the hell not?
 
Absolutely said:
Personally I would like to add some support to Realist and his Rocket picture.

Sometimes there is just no time to read all the postings on the forum and a rocket picture like that gives you an instant overview as to what is going on. A market snapshot as they say - well with respect to this particular stock anyway.

I congratulate Realist on his earnings with this stock. But I do detect sour grapes from others - namely Nick.......
Click to expand...

GET OVER IT - I still hold PLENTY OF STOCK. Grapes are tasting good to me. Do you read posts properly at all?? some childish people on this forum with talk about sour grapes, laughing in your face when it 50 cents etc etc.

.. and its easy to add support in hindsight after an announcement comes out. Where was your support before? Well done, you are a legend adding your support now in hindsight.

I am as happy as everyone else about this announcement.
 
Im hoping it gets to at least a few dollars!! really want to make at least 20k profit on this.

when are u selling realist?

lets all post rocket pictures when it hits a dollar!
 
imajica said:
when are u selling realist?
Click to expand...

NEVER!!! :p:


If you find the next BHP, Microsoft, or Coca Cola for christ sakes hold it!!

Not that I am saying this is the next BHP, but what if??

(should I buy some more?)
 
I think I will hold on - someone on the other forum calculated CQT's potential value at 20 bucks per share. (based on the assumption that the resource stretches acrossat least 80% of the magnetic target) even if it gets to a quarter of that we will all be happy
 
imajica said:
just out of interest, at price did everyone buy into CQT?
Click to expand...

0.265 initially, but bought a little on the way :)

Any suggestions as to why the price is remaining so low, given the resouce potential?
 
what a coincidence! I bought in at 26.5 c as well

seems to me the sellers are winning at the moment

a bit of manipulation going on I think
 
ALFguy said:
0.265 initially, but bought a little on the way :)

Any suggestions as to why the price is remaining so low, given the resouce potential?
Click to expand...

Its that POTENTIAL word that does it.
change potential to (f)actual and then away it goes.

John
 

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