QOL - Queensland Ores

[prawn_86]

looks like the interest is cominng back to QOL.

Up about 20% in the last 5 days. Possible buying in anticipation of mining lease been granted, which is supposed to happen this month.

Providing all anns are released on time and everything is running to schedule there is still some big gains to be had IMO.

I'll be looking to sell once first cashflow begins most probably.

 

[jooooooles]

Up on big volume today 20%! Maybe that mining lease is just around the corner. Options going ballistic...

 

[doogie_goes_off]

I think patience is paying off, don't sell before the bell! I am most impressed with the volume and hope to see it go past my highest buy price of 0.355where I thought it was good value, the ones I got lower than that certainly were a bargain. It just proves smaller more easily developed resources are worth investing in.

 

[doogie_goes_off]

To back up that last statement, MGO have placed $15M with the Canadians at 36c and can't keep their price up there, the volume is greater with QOL. Sometimes bigger isn't better because you just get more dilution than you can poke a stick at and they have do a deal with the devil to develop their resources. QOL has really attracted some buyers/accumulation today and for the first time this Fin.Yr. I can

 

[Spaghetti]

Well finally is all I can say, looks quite good this morning as well. Was so undervalued was wondering if the everyone knew something I didn't. Have traded in and out over the past while but will sit back now and hope for the best.

 

[It's Snake Pliskin]

44cents might not be out of the question if the market remains bullish. A simple look at a chart will tell why it isn't impossible. I am watching it.

 

[skating101]

Hi guys

New to ASF, nice to meet you all.

Got a couple of reasonably general questions:

1. What is QOL's long term plan? Even if this mine is in production for 7 years it would still be nice to have some kind of idea as to their plans after this mine starts to wind down.

2. I tried to find this stock on IG Markets to no avail QOL is not returning anything under search.

 

[flyboy77]

QOL - on the march today?

Maybe word on the imminent mining lease grant is leaking into the market? (due "early to mid October" as per their last quarterly report)

Strong bids mounting on the buy side.

Oppies look good value imo (and I'm holder).

 

[flyboy77]

Will there be a Significant Resource Upgrade?

We're due assays from 13 holes too - potential to significantly expand the resource and, as a consequence, the mine life....

From QOL's last quarterly report:

"QOL completed an eleven hole reverse circulation (RC) programme (804m) during the quarter with the objective of testing a number of targets away from the current resource area. Assay results are not yet available but most holes returned mineralisation or alteration similar to that encountered within the reported resource area.

In addition, two diamond drillholes, drilled as part of the groundwater monitoring programme around the proposed mine site, intersected mineralisation well outside the current proposed pit limits."

 

[dubiousinfo]

Re: QOL - on the march today?

Oppies look good value imo (and I'm holder).

I dont know that the opies are cheap if compared to the heads. With an exercise price of 35c their price at the moment (11c) is all premium. I know the premium was higher a few months back, but I dont think we will see that kind of premium again. I think the heads will need to move more to take the opies further.

Having said that, I think the heads are still undervalued and I like the extra leverage in the opies.

Holding opies.

 

[Who Dares Wins]

New announcement.

Drilling results from Wolfram Camp and Mount Cannindah. 11 new RC holes drilled at Wolfram camp with the best result 1.43% WO3 and 0.79% MoS2.

Goes on to say how it can be reasonably expected the economic mineralisation is continous over the strike length.

WDW

 

[Who Dares Wins]

A couple of bids stacking up over last nights close and one bid for 500,000 at 32.5 cents! A good sign.

 

[flyboy77]

new company presentation- Queensland Ores

well worth a read. This company has a big future with two projects two come on line in the next 2 years..........!

 

[doogie_goes_off]

Mining lease granted today! I would have thought this would keep the share price up on a down day. The market has obviously catered fo this in the SP or was nobody looking at 10:45 am? I'm expecting a few cents appreciation by those who thought this was a hurdle for the project. Looks like I'll be holding a while longer.

 

[Synergy]

Yeah i thought so too... Things looked quie strong on the release but a big seller knocked it straight back down. Perhaps it will pick up this afternoon, its sitting around its baseline still.

 

[Who Dares Wins]

Yeah I'm surprised too that it didnt lift off abit. i don't think the announcement was already built in to the the price because the price has been quite abit stronger a few months ago.
Its a postive announcement though, no doubt about it, now its a certainty the mine will go ahead and be up and running soon.
No more redtape.

 

[doogie_goes_off]

It just doesn't make sense, has everyone who thought that once mining lease was granted the price would rocket sold out? It's sold down pretty hard on OK volume.

 

[Bushman]

Anyway the final hurdle has been removed in terms of the project. So now we look for -
1. the off-take sales agrrement;
2. a tight capex project;
3. moly sales 2nd half of next year.
4. further drilling Wolfram Camp;
5. Blue sky upside Cannidah and Bamford Hill.

2 yrs for the lease to be granted. bloody painful. makes me laugh when i look at the frenzy at RAU. they have another 3 to 5 years to go. what's the rush?

As for the seller today, who knows the motive? Maybe they accumulated during the correction with a view to selling on this announcement. For some its the underlying assets, others trade the trend.

 

[prawn_86]

Im happy holding onto my oppies. Once constuction starts humming along we should see a return to higher levels imo.

All price sensitive announcements from hewre on in should continue to raise awareness

 

[Bushman]

agreed - there should be steady accumulation leading up to June/July 2008 mine opening.

selling at the moment is ridiculous. happened at MHL too on the announcement of the jv partner. that's what everyone is looking for but the motives for some is def different.

anyway been following QOL for 6 mths now - in that time they have finalised the drilling, obtained the EPA approval, drilled Cannidah and now had the mining lease approved. its moving from a developer to a producer before our eyes. Initial mine life is short but it will render them cashflow positive, accelerate future drilling campaign etc. they will also get a chinese investor at some stage.