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Great Quest Gold Ltd V.GQ

Alternate Symbol(s):  GQMLF

Great Quest Gold Ltd, formerly Great Quest Fertilizer Ltd, is a Canadian mineral exploration company. The Company is focused on the development of African gold projects in Namibia with exposure in Morocco and Mali. The Company’s principal business activities are the exploration and development of exploration and evaluation properties located in Mali, West Africa. The Company’s flagship asset is the Sanoukou Gold Project, encompassing 24 square kilometers (km2) located in the Kayes region in the West of Mali, and developing the Tilemsi Phosphate Project, a 1,206 square kilometer parcel in northeastern Mali, containing high quality phosphate resources amenable to use as direct application fertilizer. The Tilemsi phosphate project is composed of three concessions: Tilemsi, Tarkint Est and Ader Foul.


TSXV:GQ - Post by User

Bullboard Posts
Post by djbon Jan 16, 2013 4:36pm
134 Views
Post# 20847091

A little ahead of itself

A little ahead of itself

Straight up disclosure: I am neither long nor short this stock but did make good money on it in the past, I would only consider buying it when stability returns to Mali.

The posters on this board have all been sunshine and puppy dogs since the French landed but be careful.

The stock has had a good run and if you made money take it off the table.

This is going to turn out to be a long affair and any westerners will be bait for Islamic extremists in Mali.

The French Government is too broke to get into a long affair in Mali and the USA will not have the political will to get involved in another affair in far off lands.

If you are under the impression that managment is going to hop a plane and start working a property in the middle of Mali without their own mini militia, think again.

Here is a head line from Canaccord this afternoon.

 

Escalation in northern Mali conflict
Geopolitical risk once again emerges as the conflict in northern Mali in Islamic extremists has led to the intervention of France at the request of Mali's interim president. The West African nation of Mali is one of the top 20 gold producing nations globally and the third largest African producer after South Africa and Ghana. Principal concerns for the mining companies operating in the country, predominantly in the south, are safety, security, and logistical disruptions. Until the situation in Mali normalizes, investors should expect elevated risk premiums for companies active in the West African nation.

 

It is fair that the Exchange asked for clarification on the price run up.

If all the posters here think this is going to over in a month or 2 I guess you forgot about Iraq and Afganistan already.

 

Good luck to all on this one.

 

 

Bullboard Posts