RE:Trading If someone dumped ER this afternoon to buy QUE and that's what caused both stocks share price action, I think they may be moving too quickly. My reasoning for this is that I speculate Integra just needed to buy a cheap shell company to move forward with Integra Resources, and that QUE and it's assets continue to be worth the same as they were before the Integra team came aboard. The comments made by Salamis tell us they are still making a deal on where the new Integra exploration will take place.
Not only that but QUE's outstanding share count is not publicized often. Nearest I can figure if Medalist Capital Ltd. has 20,476,129 shares and that is 55.58% of the o/s, then there are at least 37,000,000 shares outstanding of QUE and 37,000,000 shares at .32 cents is $11,840,000. That's turning into a pretty expensive shell and we still haven't staked our claim or bought our prospective mine.
Don't get me wrong, the Integra team is great, and very valuable, and we could see QUE continue to rise tomorrow, but I'm guessing it will fall back a bit and if someone did dump ER this afternoon they may regret it.
I've watched both ICG and ER for years and their share price traded nearly the same for a long time (ER with 170 million o/s and ICG nearly 500 million at that time) and ER traded much higher for a period of time as well, reaching .97 cents per share and nothing has fundamentally changed since that time.