Member Info for AmatuerInvestor

Its been adjourned. Its not happening

Almost as strange as somebody posting on here but offering no insight or thoughts on the Company.

Two points,

No mention of the auditors name

They have chosen an auditor with no listed company experience. My thoughts, wouldn't it be better to get a top ten auditor with lots of experience, that would bring confidence back to shareholders, rather than one with no listed company experience.

Oh, and they chose not to tell shareholders why Crowe resigned.

Some really informative QDE posts today.

This is standard trading update for new CEO. Get all the dirt out at the start, blame it all on previous management, and build from there

Chris, I also read it as increased incentives and discounting

"The use of increased incentives and discounts has been more significant on low margin sites and developments that are nearing completion, resulting in an earlier recognition of profit impacts and a higher weighting of the overall profit impact in the first half than previously anticipated. We expect the level of discounting and its effect on profit to reduce in the second half of the year."

Bloodbath on opening.

Well worth a listen if you havent already

Goldie lucks - take it to the AFP board, and BTW AFP only had cash of £1.2m at 30th April 2026. Not £2m

Only coming back once they have found a new auditor and once that new auditor has completed its audit of QDE. That, at the very earliest, is months away.

And that's if they can find a new auditor (they will speak to Crowe, so will know why they quit)

Saleable copper by quarter Fy26

Q1 - 938t

Q2 - 605t

Q3 - 634t

GST, interestingly their share price dropped substantially when the suspension was lifted

Wisdom, how does someone just 'remove a chunk of the debt'?

Reputation damage (just look at S4 capital or wood group). Those institutions that were part of the raise arent going to be happy, are they.

And we need an answer of why the auditors quit

"Rang the lawyers to find out what was going on"

Crowe would have been on site, its the week before signing. They would have been onsite. They would have been working closely with the accountant, gam, fc, for the last couple of weeks. What have the lawyers got to do with the audit? Sunday Roast - Spoken by someone who has no idea what happens during an audit

Where do you think its going liverpool?

Monty, no. Crowe audit the financial results of the company, they do not prepare them. QDE will have an accountant, fc or gam who would produce the financial statements which Crowe would then audit. They would also audit the financial controls of the company.

Half year results are not audited

And so, Magpie, NMH and savs, there is the confirmation that it isnt 6 months or 9 months.

Its 4 months from company year end like I was saying

In the words of savs "its quite clear chap"

Half yearly accounts arent audited.

NMH, as discussed at length yesterday. QDE isnt listed on AIM