Member Info for AmatuerInvestor

0.9p, right?

Cash balance was $80.1m at 31st December 2025 and CAML recenetly told us they are selling copper for 40% more than for the same period last year and Zinc 19% up. Quick calc on half year volumes and that should add $26-27m straight to the bottom line and cash flow.

Stew, which Companies have bounced 200% after coming out of suspension that have failed to report full year accounts in time?

Still no news on the potential 7MW acquisition announced back on 4th September 2025

QDE received the letter of resignation and reasons on 29th April. Why wait until today, 18th June to respond.

Company could have been open and honest with shareholders on 29th April, but instead they were quiet for 6 weeks and only responded when they have had to.

From companies house.

Point B -

​b) actual or potential non-compliance with laws and regulations

Non compliance with laws. Wow

Sent to QDE on 28th April. I wonder why QDE didnt share it......

​"We are resigning as statutory auditor as a result of serious concerns identified during the course of our audit of the financial statements of the Company for the year ended 31 December 2025. That audit has not been completed. Our concerns relate to the Company's governance and to executive conduct, specifically in connection with

​a) explanations obtained in relation to two transactions entered into by the Company associated with its funding arrangements and activities undertaken in connection with those arrangements,

​b) actual or potential non-compliance with laws and regulations arising from those matters and/or actions by others including third parties engaged by the Company, and

​c) the provision to us of information and documentation which, in our view, did not provide a sufficiently reliable basis for the completion of the audit.

​Given the significance of these matters, we do not consider it possible for us to complete the audit for the year ended 31 December 2025 or to continue as auditor."

Zen, please point us towards a share that has failed to sign off annual accounts on time, had its shares suspended and then returned to trading at a over 200% premium to the price prior to suspension?

$80m cash as at 31st December 2025. With copper sales price up 40%, zinc 20% and lead in line with last year thats great news for 30th June cash balance

I would have thought the only important point was if the share price was increasing or decreasing.

I'm sure, apart from the 12 year olds, nobody is here for the 'likes'

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