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Quebec Precious Metals Corporation V.QPM

Alternate Symbol(s):  CJCFF

Quebec Precious Metals Corporation is a Canada-based gold explorer with a land position in the prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corporation’s Eleonore gold mine. The Company focuses on advancing its Sakami gold project and its newly discovered, drill-ready Ninaaskuwin lithium showing on the Elmer East project. In addition, the Company holds a 68% interest in the Kipawa rare earths project located near Temiscaming, Quebec. The Sakami project consists of one large contiguous block of 281 mineral claims and includes the contiguous claims, which are located 90 km northwest of the Eleonore mine, 570 km north of Val-d'Or and 900 km northwest of Montreal. The Cheechoo-Eleonore Trend project lies about 24 km northwest of the Eleonore mine. The Elmer East project consists of 929 claims, which is located along a trend from the recent Patwon Prospect gold discovery made by Azimut Exploration Inc. It also holds interest in the Matheson Joint Venture project.


TSXV:QPM - Post by User

Comment by Buddy_Foxon Jan 27, 2012 1:13am
301 Views
Post# 19455986

RE: RE: i see good ppart of the trades were

RE: RE: i see good ppart of the trades were

Simon, As disheartened by lack of communication that some of us holders are, I can confidently say if some remotely positive news is released the 40's will go by in a flash.

Shares out: ~17mil (seventeen, it wasn't an error, yes it really is that low)

If you look at the Vol by Price, over the history of CJC (not canada gas) you will see that, 

A) the vast majority purchased over 50 cents

b) more people sold sub 40 than bought (this was the shake out from fear)

C) Buys outweigh sells almost 2 to 1 about 60 cents

From those three things we can conclude:

1. People have closed their positions for a loss, at an out price below 40

2. Many share holders who purchase above 60 cents, either still have them or sold them at a loss.

3. There are so many shares purchased above 50 cents, that nobody will sell on good news till it becomes profitable for the bag holders to do so. (and insiders holdings reducing float)

 

So in conclusion, if we can ever get some core results, and they are anything but dusters...this will be on the up hard and fast. Think of all the people whom have gotten out in the last few weeks for no other reason than a declining SP, when it starts to go up on confirmation of their original sentiment it will be BUY BUY BUY.

Like wise with shite results this will go down the drain..... so maybe management is doing us a favour after  all by not releasing premature poor results of the first few cores, before some better cores come in....they might just saved us the dump to the 20's

 

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