Member Info for quindell

Lol why not! But no serious in QLD there are great gold opportunities and the market does love a good Aussie gold play

From my digging yesterday i did uncover that BO went to Mustang Resources, so there is nothing sinister going on behind the scenes. They have put a lot into the Sapphires and i still hope that it can come good when the conditions improve but we have to look to other assets to make us a profitable and successful company.

I'm not worried about the cash burn as it has always been extremely low, its just morale is shiiit and we need something to get excited about again. My positive from this is the last time we went down a new route we 6 bagged very quickly so on the sniff of news we should do well fingers crossed!

I hope so.... can't keep the faith with the SP this crap - although I have been in shares in a similar position in the past and they strongly rebounded so its fingers and everything crossed now!

Yep 3m buys and 1m sells are the true numbers

Yep.... don't know what to think anymore!

A touch under 0.5 to buy..... bloody hell didn’t expect these prices again!

Yes exactly, a Colombian national will join the board imminently, And we could be taken over by the company that wants our Eureka asset (backed by a big player in the industry) or those who want to buy Mankayan outright.

Literally makes me sick thinking what has happened, we were so bloody close to profitability 6 months ago!

Lol yep probably! Well Laurence had been in Colombia working on the financing so it could be good for us going forward. He can’t stay long term as CEO though that is true

A lot were putting pressure on him after the last fundraising, that coupled with a great offer from Mustang was basically it.

0.65 to sell in volume a matter of days ago, once these sells have been circulated we will be back up to pre news level swiftly fingers crossed!

We need someone who can engage shareholders and can give direction!

He is taking the role at Mustang resources - He wanted to stay on at bZT and RLd but mustang wanted a minimum amount of time so going from Mozambique to Australia to Colombia wasn’t practical obviously! Also he takes salary in shares and has done so for many years, so that is obv a big factor! He wouldn’t have been able to buy and sell openly so yeah, no salary in both companies for years but could be a consultant going forward. Fresh blood is always good it must be said!!

*Infrastructure

They have the infristrure in an interesting part of Australia so if they get the gold or Lithium we will have the rerate - until then it’s depression time!

There will be a market correction, just like there was at GGP. Its the standard drop on news, over the rest of the week I would put money on a lovely gentle rise from current prices.

Yep my thoughts exactly.... RLD has been a forking huge dissapointment

Laurence was the one working on the finance so expect to see that announced shortly. Also a Colombian national joining the board ahem... cough cough

Yep they may very well have to soon! We were going to have a dip after the news but I have no doubt that we will rebound strongly to the high 0.6's shortly.