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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
Comment by Troylaursenon May 27, 2020 10:57am
165 Views
Post# 31077863

RE:RE:Trading again

RE:RE:Trading againThanks for the information and I hope you make out like a bandit with the particpation in the PP.

The reason I say that an after the fact approval doesn't count is because whether it receives approval or not, they have essentially done it anyway.

If I am giving you a ride from Edmonton to Saskatoon but instead I drive to Calgary, asking for your approval once we are in Calgary is of little value. This is basically what GQ has done. 

It only makes sense to seek approval from shareholders prior to changing the business, not after it has already been done.

I am not bashing the company and I honestly hope that it becomes a great success.

I can live with a company that underperforms because of external factors such as insurgence in Mali, the challenges of doing business in Africa, etc. Where I start to lose patience is with a management team that communicates as poorly as this one and then changes the business without shareholder approval. 

Unfortunately I have no option but to sit on my hands and wait, I am just not particularly happy about it. I doubt the management team reads these posts, but I sure hope that they do!


Bullboard Posts