GREY:QNMNF - Post by User
Comment by
Tdrooleyon Mar 24, 2010 8:56am
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Post# 16917247
RE: RE: Does QMI have any gold?
RE: RE: Does QMI have any gold?"A long time friend with lots of trading experience told me not to touch this stock. Glad that I listened."
Pity. Sounds like your "friend" with lots of trading experience wouldn't spot a well run operation if he stepped on one.
I am not one extravagant in praise for most listed mining companies but I often use QMI, and VMI for that matter, as a criteria when checking out the possibilities of investing in other gold juniors.
Besides some excellent properties there is plenty of cash in the bank mainly because they keep their “administrative expenses” to a minimum. Remuneration packages are very much in line with a company interested in success. There are many so called mining/exploration operations out there with far less going for them that spend five to ten times as much to allow their CEO's and other BOD member's (usually family affiliates) to live the lives of opulent wastrels.
Keep listening to your friend Harv. He sounds like a real winner.
Oh and get back to us in about six months and tell us how you made out with HIS recommendations
vis-a-vis QMI.