Australian (ASX) Stock Market Forum

QOL - Queensland Ores

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Well.

A lot of people understandably want in...


Did anyone get a top 20 share holders list. i'd imagine around 45-50% are top 20....

So not that tightly held.

I haven't seen the share price being capped or anything from the short time i have been watching it...

Reminds me of the time frame building up to AGM taking off.

How well do people understand tungsten, and the big m word? moly....?

Is it a precious metal..?


Has this stock had much press?
 
ken

I read articles from time to time about Queensland Ore in The Australian. recently they wrote about the native title and evironment report holding up the mining lease. I think they are keen to get started asap to capitalise on the high moly prices.


It is also local so I hear about it on local tv and papers etc.
 
Anyone know the expected mine life?

I havent been able to track it down.

I think the recent spike in price is the fact that the natives have given it the all clear.
 
Info on the big T can be discerned from the following industry website. It is used mainly in cement carbides, lighting and metal alloys.

www.itia.org.uk. My favourite fact is that tungsten is in fact 'heavy metal' in Swedish. Should serve me well at the next pub trivia night.

No such industry website for Moly as far as I can find. The wikipedia website has the following blurb.

The ability of molybdenum to withstand extreme temperatures without significantly expanding or softening make it useful in applications that involve intense heat, including aircraft parts, electrical contacts, industrial motors, and filaments.[7][5] Molybdenum is also used in alloys for its high corrosion resistance and weldability.[4][8] Most high-strength steel alloys are comprised of .25% to 8% molybdenum.[3] Despite being used in such small portions, more than 43×106kg of molybdenum is used as an alloying agent each year in stainless steels, tool steels, cast irons, and high temperature superalloys.[4]


In terms of news, The Australian had the following recent article on QOL (amongst others):

http://www.theaustralian.news.com.au/story/0,20867,21882427-18261,00.html

I hold QOL medium term mostly because it will have an operating mine in a 'window of opportunity' when moly prices are set to spike. All it needs now is for environmental concerns to be met. It also has some as undelineated exploration potential in its Wolfram camp and its copper holdings as described elsewhere in this thread. However a word of warning on spec metals - small markets mean a new competing mine opening will quickly douse the metals price. Buyer beware.
 
the initial Wolfram Camp mine is set to run at least 4 years, but QOL have still got another 3km strike to explore and expect to tripple the current resource and in turn add several years to mine life.

As for concerns as to the price of Molybdenum just keep an eye on the constant stream of reports documenting the accute short supply due to mine exhaustion. The report in the Australian about QOL link in post above documents how companies are now stockpiling Molybdenum because of the short supply and how the price in now only a heartbeat away from $50 lb.
 
The stock has gone through that stangant period when it loses support from those who invest in explorers but is not yet ready to take on board those who invest in producers. It may never have received the appropiate level of support though at exploration stage due to the metals being unknown.

Prawn is correct that any further delays may see some dumping as people who own shares want action, not sit and wait while their money could be of better use elsewhere. At the moment I can see many who have waited and possibly been sitting on losses quick to offload with any small increase in price.

I have started to accumulate but have not bought a full parcel yet because even though October is only 3 months away, 3 months can seem like forever when your money is not making money. I am ready to pounce though if suddenly support arrive en masse. All the noise we are making for eg may be enough but I really do believe the stock will benefit most from taking on board those who invest in producers.

I noted from joooooooooooles:D link the comment that this type of delay from the epa is occuring across the board, not unique to Queensland Ores, so the company itself seems itchy to start and well ready to move into production. Hopefully October is a reasonable assessment of when the leases will be approved.

Also note that Wolfram has a mine life of 4 years at a very high profit margin and that they will have the second mine hopefully start production in 2009.
 
I need volume to drop, the price to drop, and I will be in for my largest stake in a company.

The steps are in process, and that what i like about QOL, you can see the progress, its easy to track, theres no smoke covering anything up. aka (ADI).

Its an Australian way of doing business.

Its out in the open.

I like it, and I hope it makes everyone a bucket load of cash.
 
Buyers acted brilliantly today, last I saw the buy side it was quite substantial but no-one was giving in and forced sellers to meet them on their terms.

Perfect for this stock at this time.

Accumulate at the lowest price, drive it down, flush out the frustrated because it is not going to fly for a bit. Time to bargain hunt for a medium term hold. In my purely personal opinion only.

The little heat native title approval generated may all be forgotten already so lets hope prices may drop even further.

Can't match Talbot's holding but I may try:D
 
Just a few quick ones mine life is actually 5.8 years.

876,500 tonnes resoruce / 150,000 tonnes ore mined annually

After speaking with the company - based on existing drilling on the site there is a likelihood or possibility that the resource will be increased slightly as previous results are analysed.

Drilling to increase the resoruce at Wolfram will not occur until 2008. The reason is the company will be focusing all of its resources in bringing Wolfram into production.

This makes sound sense - no point in drilling and burning cash on resource upgrades until the mine is in production. After this point when the company is generating cash it can finance its drilling resource upgrade. There is huge potential to increase the resource as previously mentioned with 3 km of strike left.

If we "speculate" that total resource can be increased to 3 million tonnes then this would increase the mine life to 20 years @ 150,000 tonnes per year. This is speculation but I think it is pretty to safe to say with historic minning in past decades within the areas we will see a resorce increase of some description over the next year. There is also the possibility of expanding the infrastructure to accomodate an increase in tonnage per year.

DYOR
 
Spaghetti,

Excellent buy side depth but don't let this fool you. There is a buy order in for,

1,000,000 @ 0.1 cents

So you can safely take 1 mill of the buy side straight away as someone is playing games.

Still by doing that the buy side greatly outweighs sell and pre-open looking strong this morning.
 
Some information has already been qouted on this thread from The Far East Capital commentary of QOL and the entire article is available on the QOL website under the Research heading so if anyone hasnt already checked it out then do so. Very informative and illustrates the potential the company has to expand the Molybdenum project, let alone if the price rises as is forecast.

As far as re-rating goes now that the company is close to production, this could start from now on and maybe has. Look at MMX, it started moving about 5-6 months before production. I hold QOL.
 
ok guys here is a list of the top 50 holders for you all.

TALBOT GROUP HOLDINGS PTY LTD 1,550,000 8.347%
TWYNAM AGRICULTURAL GROUP PTY LTD 8,179,094 5.911%
DONWILLOW PTY LIMITED 7,558,186 5.462%
ANZ NOMINEES LIMITED <CASH INCOME A/C> 2,598,844 1.878%
RIGI INVESTMENTS PTY LIMITED 2,137,500 1.545%
SANDHURST TRUSTEES LTD <SAIGF A/C> 2,134,405 1.542%
EREBON PTY LTD 2,085,520 1.507%
MR CHRISTOPHER TERENCE JORDINSON 1,999,339 1.445%
MR ANDREW JAMES MURRAY BORDER 1,959,375 1.416%
MRS JANET BORDER 1,959,375 1.416%
MR JOHN IGINO KAHLBETZER 1,850,000 1.337%
MANFREE NOMINEES PTY LTD ,778,829 1.285
CITICORP NOMINEES PTY LIMITED 1,527,297 1.104
INTERDALE PTY LTD 1,524,575 1.102
RIGI INVESTMENTS PTY LTD 1,495,040 1.080
NATIONAL NOMINEES LIMITED 1,407,360 1.017
METALS MINING & FINANCE CORPORATION LTD 1,289,245 0.932
SHELL COVE CAPITAL <BLACK MARLIN A/C> 1,273,480 0.920
KILLINI NOMINEES PTY LTD 1,237,500 0.894
MS CLAIRE ELIZABETH DAVIS 1,180,000 0.853
RIGI INVESTMENTS PTY LTD 1,175,000 0.849
CURZON MADISON LIMITED 1,137,343 0.822
MR JAMES MCILWRAITH 1,076,996 0.778
NORINE NOMINEES <MME SUPER FUND A/C> 1,019,010 0.736
HSBC CUSTODY NOMINEES (AUSTRALIA) 1,005,000 0.726
PFTF STOCK PTY LTD 994,130 0.718
MERRILL LYNCH (AUSTRALIA) <SETTLE1 A/C> 972,521 0.703
BLACKBROOK NOMINEES PTY LTD 962,500 0.696
STATION CAPITAL PTY LIMITED 893,698 0.646
RORNIK CAPITAL <RORNIK CAPITAL FUND A/C> 802,000 0.580
MDA CAPITAL <MACARTHUR EQUITIES A/C> 720,000 0.520
BAYSTREET PTY LTD <TRADING A/C> 701,310 0.507
REPUBLIC AUSTRALIA PTY LTD 700,000 0.506
SHELL COVE CAPITAL <THE BLACK MARLIN A/C> 700,000 0.506
FORTIS CLEARING NOMINEES <SETTLEMENT A/C> 695,468 0.503
MYRTLEMONT <ERENDIRK SUPER FUND A/C> 675,000 0.488
RIGI INVESTMENTS PTY LTD 647,572 0.468
NOOSA PROPERTY DEVELOPMENTS <MCMURRICK> 637,500 0.461
MS HOLLY CAMPBELL 625,000 0.452
BOND STREET CUSTODIANS <MXR - WN0125 A/C> 600,000 0.434
GREGORACH PTY LTD 589,076 0.426
WARMAN INVESTMENTS PTY LTD 562,050 0.406
MR ROBERT WOODLAND & MRS ERIKA WOODLAND <R WOODLAND EXHIBIT S/F A/C> 555,000 0.401
GLENESSLE PTY LTD 525,000 0.379
UBS NOMINEES PTY LTD 512,166 0.370
QUANGI PTY LTD <SOUNNESS SUPER FUND A/C> 504,000 0.364
SANPEREZ PTY LTD 500,000 0.361
MR PETER TAYLOR & MRS SONIA TAYLOR 500,000 0.361
BIKINI ATOLL INVESTMENTS PTY LIMITED 500,000 0.361
BELL POTTER NOMINEES<BB NOMINEES A/C> 450,000 0.325
MR BARRY CHARLES BROWN & MRS MARILYN MARIE BROWN <BARRY BROWN SUPER FUND A/C> 450,000 0.325
NEWANGLE HOLDINGS PTY LTD <ANGLE HOLDINGS A/C> 450,000 0.325

TOTALS 79,562,304 57.495%

sorry about the layout, im not sure how you attatch an excel file.

hope this helps
 
Annoucement out what a ripper as well. New resource estimate now includes new Bismuth resoruce which is valued at US$18/lb - making the mine even more profitable.

11 hole RC drilling campaign pending results - targeting areas outside of the already defined resoruce. Most holes returned similar mineralistaion similar to that of Wolfram

Excellent assay results from copper/gold project with all holes returning results > 1.5 % Cu Eq

:D

DYOR
 
New ann. out.

Final resource estimates prior to development fo the Wolfram camp project based on drilling up to the end of 2006.

WO3 in the measured and indicated resource categories has increase 187 tonnes from previous estimates of 2970 tonnes. MOS2 has incresed 115 tonnes from 1245 tonnes. So this represents an increase of 6% and 9% respectively.

Also Bismuth estimates are included for the first time due to increased demand for the metal. 200 tonnes of Bismuth at $18/lb estimated and easily recoverable.

Bismuth adds another $8m US.

Joooles beat me to it.
 
Yeah my initial calculations where that the Bismuth is worth about 8.5 US$ million in ground value too - this is a bonus really.

Can't wait for those 11 RC hole assays to be released...

DYOR
 
Price is down to 33 cents. Just what QOL needed in my opinion for me to take a genuine interest in them now.

Chart wise, I never bought in. I felt I had missed the run.

On my watch list.
 
I wish I had got them for .33. I have bought a few more but have put some money elsewhere that is equally a wait game. So much for my strategy of putting my money where the action is lol.

I have read and read and read and read about all things moly. I have read and re-read all the reports on QOL.

My thoughts are that extended mine life would assist the s/p. Obviously will happen but such a long way off until this will be set in writing.

Moly in general has some issues with processing, so waiting for an offtake agreement. Emails with QOL indicate current negotiatons are underway. That is all I know.

I think that waiting for mine lease approval represents a high risk to those that prefer production companies and even those that are willing to invest in early discoveries of explorers. It is so final. However I personally see no issue at all. Historic mining area, about all that has ever happened in the area. The only thing interesting about the area is all things geological.

So hopefully once lease is granted QOL attracts a new type of investor.

Emails with QOL are quite positive about no further delays to the granting of the lease. The report on their website says the only issue, flouride in ground water? was just a management issue. I am no expert in this problem but it is obviously not fazing any major stakeholders.

So all in all I feel very positive about this stock. Some negatives for sure, but outweighed by the positives.

Without extended minelife I cannot see this stock reach a very high p/e but even on a much more modest p/e big gains are possible. How long this will take ? No clue!
 
Well, nice day. Perhaps an article somewhere generated interest. Closed up 14% , also closed on day high, so I am happy.:D
 

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