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MetalQuest Mining Inc V.MQM

Alternate Symbol(s):  MQMIF

MetalQuest Mining Inc. is a Canada-based exploration stage company engaged in the acquisition, exploration, and development of mineral properties. The Company’s Lac Otelnuk Iron Ore project is an iron ore project in North America situated in Labrador Trough, Northern Quebec, Canada. It owns about 306 mining claims located in Nunavik, Quebec. Its Murray Brook Project is a polymetallic, volcanic hosted massive sulfide deposit and is a NI43-101 compliant mineral resource in the Bathurst Mining Camp. The Murray Brook property consists of Mining Lease 252 and contiguous Mineral Claim Block 4925 (245 claims). The Murray Brook property is located approximately 60 kilometers (km) west of Bathurst, New Brunswick, in Restigouche County, within the BMC.


TSXV:MQM - Post by User

Bullboard Posts
Post by wordsouton Aug 17, 2012 6:11am
401 Views
Post# 20228106

My Theory

My Theory

It's a safe bet that one of the three companies involved in this discovery will soon want to have it all.  It always ends up with those who have the deepest pockets..........a given.  Generally, when a take out happens, the takeover price is normally based on a predetermined number of past trading days.

If there is a way of suppressing the price, eg: keep the ask side large compared too the bid side and then let a few trade at the low bid, one can guess that any takeover might be double the current trading price so the company making the offer can boast that they are offering 100% higher than the average trading price of the last so many days.

The assays continue to prove that this will be an operational mine, it's only a matter of time.  Finally, how about the Kasala Copper-Cobalt Project-Democratic of Congo (DRC).  This is worth a couple dollars all by itself as soon as this is resolved.  Enough said.  What's going on here anyway?

Bullboard Posts