QML - QMINES LIMITED

[The Gambling Man]

Onwards and upwards after today's results!!

 

TGM

[Kuri]

Can somebody help. I want to get on the QML SPP so I bought some shares tomorrow which means T+3 is the record date of the 9th. Do I go on the record on the 3rd day or the day after? If anybody can out my mind at rest I would appreciate it.

 

Thanks

Kuri

[Kuri]

Sorry I meant to say I bought the shares today. Shouldn't try and watch the Dragons win while typing...

[pad23mur]

I realise the market has dropped a lot today but has anyone got a reason for the huge drop in QML shares - 16% down in one day and no announcement seems a little unusual.

[nipper]

The securities of QMASTOR Limited (QML) were suspended from official quotation from the close of trading on Wednesday, 16 November 2011 in accordance with listing rule 17.4, following lodgement of the compulsory acquisition notice for the Company's securities by Triple Point (Australia) Pty Limited on Wednesday, 9 November 2011. Triple Point was successful with an offer of $0.31 cash per share.

 

and of course prior to this, QML code was for Queensland Mines Ltd

 

[nipper]

QMines Limited (QML) is raising $20 million at 30c a share, in an IPO through Shaws and expects to list mid to late April 2021.

 

https://qmines.com.au/

 

QMines holds a 100% interest in the Mount Chalmers project, located east of Rockhampton in Queensland. The Mount Chalmers copper and gold mine produced 1.24 Mt @ 2.0% Cu, 3.6g/t Au and 19g/t Ag during periodic mining between 1898 and 1982. The Company aims to create a low cost, low emission, sustainable mining operation to supply copper to the growing green energy sector and meet the anticipated demand growth.

The Company also holds a 100% interest in the Silverwood, Warroo and Herries Range projects located south east of Brisbane in Queensland. The Warroo project has also seen historic copper and gold mining activity which warrants further exploration.

 

Mt Chalmers Project

The Company’s flagship project, the Mt Chalmers Project, is situated approximately 17km north-east of Rockhampton in Queensland. The Company holds EPM 25935 and EPM 27428, which cover an area of approximately 51km² and it has recently extended the Mt Chalmers tenement package, applying for EPM 27726 and acquiring the application for EPM 27697, which cover an area of approximately 147km².

 

Silverwood Project

The Silverwood Project is located 15km south of the regional centre of Warwick in Queensland. The project consists of EPM 27281 and EPM 27724 which cover an area of approximately 234km².

 

Warroo Project

The Warroo Project is located 50km west of Stanthorpe in Queensland. The Warroo Project consists of EPM 26178 and EPM 27725, which cover an area of approximately 216km².

 

Herries Range Project

The Herries Range Project comprises three contiguous EPMs, EPM 25785, EPM 25786 and EPM 25788 covering an area of approximately 330km². The project is situated 40km west of Warwick in Queensland, covering the central and southern portions of the Warwick Goldfields.

[nipper]

IPO today .... was priced at 30c, opened at 29c and now changing hands for 26.5c. No stag.

[nipper]

QML has 100 per cent ownership of four advanced copper gold projects in Queensland, spanning 978sqkm, which includes the high grade historic Mt Chalmers copper gold mine.

 

Mt Chalmers was mined sporadically between 1898 and 1982, producing 1.24 million tonnes at 2 per cent copper, 3.6 grams per tonne (g/t) gold and 19g/t silver. No mining has been undertaken since 1982, but there's still plenty of exploration upside.

 

QMines has already delivered an initial JORC 2012 compliant inferred resource of 3.9 million tonnes at 1.15 per cent copper, 0.81g/t gold and 8.4g/t silver (which combined is 1.87 per cent copper equivalent), and is undertaking between 32,000m and 62,000m of drilling over the next two years.

 

 

Shares have climbed over 33 per cent since its IPO to trade at 40c currently.