RE:RE:QEX - INSIDER BUYINGGuerreiro – it is interesting to monitor the activities of QEX and a few of the others in the GT. You try to anticipate what will happen, based on what has happened (facts).
Frankly I hadn’t realized the extent of the work required by our new management/technical team, to bring together and scientifically analyze basically all previous exploration activities conducted on our multiple land packages (e.g. sampling, surveys, drilling). But they appear to have done that. Based on these clear facts, they have also identified the ‘what/where’ that is needed to fill any gaps.
I believe this work has shown them what/where they should concentrate their activities this season – where they are most likely to make one, or more, major discovery that will captivate the market. They have chosen Inel and parts of Sofia – for what appears to be very good science based reason.
My, what a different company we will have if they make/confirm one or two major discoveries! Our current MV is about $14M – a ‘7 fold’ increase would basically get us to triple digits, or close to!
Another ‘elephant in the room’ that we haven’t heard much more about recently is our Castle property. Right beside GTT (Saddle North & South), and sharing the same/similar geography, it too has the pedigree of outstanding potential. Maybe we will yet hear that they are also going to focus there this year – because it hasn’t lost its lustre, it’s just sitting there waiting. On the otherhand, if it isn’t pursued further this year, that presumably means that Inel and Sofia are viewed as being even more prospective – and that is not a bad thing. It only means that these others have risen above, because of their perceived quality/opportunity. As an aside, it was interesting to note a large purchase of GTT shares drove the SP up about 20% recently – there was various speculation, Newcrest wanting to consolidate land in the GT, whether it might be related to either of the current ownership parties that are at odds regarding their ownership status...?? Regardless, for QEX, Castle will have its day – whether it is this year or not.
IF YOU THINK OF QEX AS A BAG OF SAMPLES – THERE’S QUITE A FEW NICE LOOKING ROCKS IN THERE!
IMHO DYODD