Australian (ASX) Stock Market Forum

QOL - Queensland Ores

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Motion

Good read, hope they publish a story everyday. The Australian has consistently been behind all things moly.

Cheers
 
Hi All

I really like this stock and the fundamentals are right!! The only current risk to the SP at the moment is the EPA clearance does anyone know when this report is expected to be released?? Can this stock reach 50c by the end of next week? Got a really good feeling about this one!!!
 
P.O.D

Expect mining lease to be granted October. That is based on what is planted in my memory without re-reading back. Hope my memory is better than Howards this week.

S/P to .50 next week.? Nothing is going to happen that would make that a fair call that I am aware of. Not that I would complain if it did. Maybe The Australian could make a front page headline, that would be sweet. Mind you I never expected it to finish this last week at .40. Maybe will go back down a little, may settle around that price for a while, may take off. So a one in three chance lol. So bottom line is I have no idea.;)
 
Annoucenement out today on Melbourne Mining Club Presentation. Good PR - hopefully there were some instos and brokers at that presentation, did anybody attend it?
 
joooooooles

Read the presentation on announcements. Haven't got my full parcel yet, but have accumulated quite a bit. Have a nice little profit already on very little action. Nice little stock to have and not really worry about. Do want my full parcel under .40 so perhaps should pay more attention:D May float up quietly without the market noticing.
 
Closed high at 0.43 today! Hope you haven't missed the boat to stock up. Glad I jumped on the boat!!!
 
cmh888 said:
Closed high at 0.43 today! Hope you haven't missed the boat to stock up. Glad I jumped on the boat!!!
Click to expand...

Not sure, maybe!

If it follows recent patterns it will drop a bit before going back up again. If it still keeps going up I am still happy as I do own quite a few already. I did buy a few more yesterday at higher price, not many, my price still averages far below .40. So I can justify sticking to my rules in some twisted fashion.:D

I was watching it yesterday and it did look like the buy side was too weak to support such a strong close. So nice surprise. very nice.
 
Good quarterly report out today.
1. resource size increased;
2. draft environmental and native title compensation docs received.
3. mining licence due to be received early Oct 07.
4. Further positive sounding drill results.

Sold down to 36c at the moment. Once it bottoms, it should start climbing up once more.

Far out - what dodgy US loans and the end of takeover's have to do with a company with $20mill in cash, a mine close to productions, an 'in-demand' metal resource and good prospective ground, I will never know.

As I have read and am starting to believe, the market will do what the market will do. Even if it it irrational...
 
bushman, i agree,

we are a resource based market that should be able to sustain ourselves. Why should our whole market fall because another countries housing market is not up to scratch? i can understand if those stocks associated with it do.

but anyway... time to pick up a few bargains and QOL is one of them imo
 
Our mining boom is mostly based on china's industrial boom. In part, china's rapid growth is helped by the US, because they buy so many of their products from china. So if the US enters a period of uncertainty, which it has, it will inturn affect china's growth sustainability. That is why our market, more often than not, follows the US market. This is my basic understanding of the connections between the 3 markets. Correct me if I'm wrong, or better still, provide a more analytical explanation on how these markets are connected.
 
Zero affect on a stock like QOL. Well there was an affect and it was panic selling. No logical reason. The affect was magnified because it is a low volume stock. Gains are magnified the same way.

Great stock because you know at the end of the day it has value based on soon to be producing at low cost . Even if you are conservative as I am it has only upside. Nothing or no one would ever suggest it is worth less than it is. If so i would love to hear about it.,
 
Hi Everyone
New to ASF so a big hello. I hold QOL. Did lots of research on it. I don't day trade but hold long term as I have a goal which involves my house!!!
Spaghetti do you hold QOL?
 
has anyone out there done a detailed fundamental analysis on QOL to get a price target?

just curious because if no-one has then i might do one of my own and post it
 
Can't beleive its taking a hammering like it as the moment. I'm not going to be panic selling into this downward trend - just have to take the hits at the moment...
 
Yeah Jooooles, well my response to the panic selling was panic buying.

I got into this stock around 28 cents, got more at 32 cents on the way up so it was kinda cool to see it go through 40 cents so soon afterwards. But you know what, it was kinda cool too when it came back down because once it got back under 33 I just started taking on more.

Someone posted on here earlier along the lines of QOL being a good stock because the company has cash in the bank, a mine close to production and an 'in demand' metal - and they are dead right.
 
I now hold QOL, 30c - that's a bargain in anyones book. Look forward to announcement of the mining lease grant date, should send a wave of positive sentiment over this one, just need to hold for a couple of months.
 
Well, well, well.

It is down to about original issue price, can it get any cheaper?. Have bought at so many prices but this price looks tempting. Scary stock though goes down 10, 15% as quick as it goes up the same. I may wait until some sanity returns to the market or maybe not:D

It is close to production and does not need finance:D and with even a stupid p/e there is still a lot of upside. Anyone disagree? Does someone know something I don't?

Why do people sell at such a bad price, and why didn't I buy them lol
 
well with the way the moment is at the moment im hoping it stays choppy for another 6 wees or so as i will have more funds by then and will be able to get some more for a fraction of what they are worth imo
 
Its a massive over reaction - people are getting spooked and forgetting the fundamentals of this company. If it keeps going down like this the market cap of the company will be worth less than the money they have in the bank! Go figure that one? Totally bizzare and irrational. I would like to see the share registry and compare it with the one posted on here a few weeks ago. Would be interested to see if the big boys are still holding...
 

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