QMN 0.00% 16.8¢ queensland mining corporation limited

share price events

  1. 315 Posts.
    I am looking at the historical SP movements trying to work out what has happened.

    It looks like the main event in 2009 was triggered by residual hype around Morris Creek plus the acquisition of White ranges. The acquisition of white ranges provided multiple drill targets and drill results.

    A quick sale by CDU and the credit crunch made quick work of the share price.

    The second main event possibly triggered by the 56% increase in Vulcan resource was short lived, probably profit taking and punters taking the opportunity to get out of QMN shares.

    In the past 12 months, well to me it looks like diminishing investor confidence is the cause of the steady SP demise.

    QMC need to create a robust plan to achieve production, stick to it and report all progress to the shareholders. They must back up their promises.

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Currently unlisted public company.

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