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CQT - Conquest Mining

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Found its bottom today IMO ... Buyers jumping into the options during the last hour ... Following that pattern I reckon we will see an up day tomorrow & a little less volatility from here.

Cheers
 
Well CQT is getting beaten like an anorexic street fighter again this morning.

Down to 37. And alot more sellers than buyers.

But saying that the market has started down in general and I suspect some dipsh*t traders who bought around 50 cents have been stopped out of this one.

Quite simply we have to wait till the next announcement now. Patience!


It should recover slightly today - the ASX will be flat I'd think matching the DOW and despite Friday avo's being poor recently.
 
Hi All, I got into this on my first ever trade. Bought in at 46.5c, like a true amateur I pulled the trigger even after my gut had called a taxi and flung off the other way.

Anyway, its a tiny punt, and more of a learning experience to me. Up to 41.5c at posting, go you good thing, reward my punt!

Cheers...
 


Well it may not be a bad purchase...

Only time will tell. Good luck.
 
Yeah I think that it could pay off to hold these for the long term.

There is so much discussion as to what these shares are actually worth and many are placing their value a lot higher then they currenlty are. But of course it is all speculative.

Worried I was going to miss out I tried to pick the bottom of the recent reversal and I bought in late yesterday at 38c. I am comfortable with that at the moment.

I think another ann soon could see the share price comfortably above DonJohnsons purchase price.
 
Is it me or do we see an upward movement of CQT when the markets moving down and a downward movement when the markets are on the way up???

Looking more stable now
 
It looks to me like the junior miners I follow are having a pretty good day all round.

AEX, ARH, AKK, CDU, FNT, MAR, and MWE are all up at the moment. No real major gains - but all showing between ~3 to ~10%.

Not that i'm complaining...
 
Glad u guys are still holding! I was contemplating selling this morning but something told me to hang on to them. I think in the medium term these will be a great investment. as new drill results flow through and the rest of the magnetic anomaly is tested (and we have a JORC measured resource) we should see a steady appreciation in the share price!!
 
apparently there will be announcement next week regarding the company's plan of action over the next quarter.
 
Well it is up a little today. Comfortably around or above 40 cents.

So we just gotta sit back and wait for the next couple of announcements I think. Then reasses.

Can this supposed $700M of gold, silver and copper become bigger? Or will it shrink?
 
The cash flow report is out today, does it indicate any captial raising issues?

Fanx in advance
 
1 bidder this morning for 500,000 at 42.5 cents

Nice! lets hope its not a fake bid
 
Fourth Quarter Cashflow & Activities Report

Report is out this morning. I'm pretty new to this game, but having read a fair bit about mining reports etc over the past few months I would say the most interesting aspects of this report are:

1> The HC06RC39 exploration hole was not included in the resource estimate issued earlier this month.

This exploration hole "intersected a spectacular zone of suplhide minerilaztion from 53m depth with 28m @ 4350g/t silver, 0.71g/t gold, and 5.9% copper"

2> The closest exploration hole to RC39 is RC31 which also shows a high silver content, hopefully backing up the finds in RC39.

Anyway, I look forward to hearing their next resource estimate. The next quarter should be interesting.

Report Here

Cheers,
 
imajica said:
1 bidder this morning for 500,000 at 42.5 cents

Nice! lets hope its not a fake bid
Click to expand...


It will be nice, but hard to believe it will be true, hope there is some support to that bidder. Note: Often CQT rise when market is in red and fall when market is in green.

Base on chart, the share is fairly stable, and a rise today will further stabilise its position.
 
Not sure if they'll need a cap-raising in the short-term as they have 1.6 milllion in cash and are spending around 375,000 a quarter. Plus those Kimberley tenements have got to be worth something.
 
500,000 buy went through first thing this morning, lets see what the market thinks today.

Anyone have any idea when they will update their resource estimate?

Mirror mirror on the wall?
 
It's getting beaten like a full Pinyata today, down to 39.

I'll anxiously wait for the next announcement.

If the next announcement is good and the price does not go up, or god forbid falls, or the next announcement is bad - I'm out.
 
Yeeeouch 36.5 now. And heading to a close around 36 me thinks.

Still holding though.

Nervously.
 
Just gotta love this ... quoted from another forum

_______________________

This afternoon i rang Bruno Firriolo from cqt.Ispoke to him for 30 minutes about cqt's 4th qtr cash flow and activities report and asked him to if he would answer some questions that i believed needed clarification.
question 1
why was hole HC06RC39 not included in calculations

answer

The hole was not included because of its situation on the map being on the outskirtsof other holes dug.If this hole was situated in the middle of all the other holes it would have been included.But considering that the grades,width,depth were so spectacular and the hole ended in mineralization.The company decided not to calculate the resource in until further r/c drilling is done.
But decided to err on the side of being conservative in regards to the negative attention other companies had attracted from asics,asx,media.Keeping our ann 100% jorc compliant.

question 2
regarding finances.Does cqt have enough money to fund the round of drilling.


answer

We have around $1.6 MILLION
Budgeted exploration cost for the September 2006 quarter is limited to
$860,000 because most of the residual costs for drilling, assaying and metallurgical
test work are expected to be paid for in the December 2006 quarter.The company expects option holders will be converting thier options to fully paids giving cqt a healthy bank balance.

I think that answer puts some light on weather weather there will be a cap raising or not

question 3
company view on the project

answer
If we were not very optimistic we would NOT be spending another $3 million dollars and commencing immediately.

Well i hope this answers a few questions for people and also puts a end to some of the rubbish that is being spun.

_ebit

_____________________________

Certainly answered a few of my questions .... bring on that rocket

Cheers ..... Dave

PS. ... I'm all for inflation ... just check out my new avatar

PPS. If I accidentally make some money or get some information right ... it is just that, an accident ... so don't follow my lead .. do your own research.
 
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