QOL queensland ores limited

qol serious cash flow issues

  1. 683 Posts.
    Company has stated that its funds will be exhausted by Jan 09.

    That is about 6 weeks away...

    Price of Mo has crashed, i've heard reports of US $ 10 a pound...

    Major issues with the plant of which managemnt have down played. Its all doom & gloom for QOL.

    At current commodity prices this co is generating under $10 million per annum (assuming full plant capacity).

    Op EX @ $80.00 tonne = 12 million

    Sell out now while you can still get some coin!

    DYOR!
 
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