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AQD - AUSQUEST LIMITED


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Info from Hamersley mine town i copied:

 

"Iron ore from the huge open cut mine (which produces 17 million tonnes per annum) is crushed and screened at Paraburdoo before being railed to Tom Price and onto the port at Dampier where it is blended with ore from Tom Price. The journey from Paraburdoo to Mount Tom Price is difficult and six engines are used to pull the train up a continuously adverse 300 metre gradient. A typical train stretches over 2 km and has 200 cars carrying a total weight of 25 000 tonnes."

 

So are they exploring to sell the deposit to a big player or go in a jv with them?

 

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  • 2 weeks later...
  • 2 months later...

Today's announcement (presentation) was very-very interesting........

A) They have some excellent tenements (better than many other companies with market capitalisation 3 and 4 times, that of AQD).

B) They are SHORTLY commencing drilling in their Iron Ore leases near Paraburdoo, where FE has already been found in the past........Expect a huge upward share movement imminently.

C) Very few shares on issue.......

D) Top-Notch management......

E)............(negative?). Not a very tradeable stock due to liquidity lack......It can, however move to stratospheric levels very quickly.

F) I wish I had some AQD shares...........

 

 

Good luck to those who hold AQD http://www.ShareScene.com/html/emoticons/smile.gif

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In reply to: Alastor on Thursday 24/02/05 08:57pm

Sorry......It should read: "I wish I had some more AQD shares", instead of.........

F) I wish I had some AQD shares........... Good luck to those who hold AQD http://www.ShareScene.com/html/emoticons/smile.gif

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