OTCQX:QEXGF - Post by User
Comment by
jfan22on Mar 22, 2021 6:13pm
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Post# 32855228
RE:RE:RE:RE:RE:If Newmont makes an offer on Questex will you take $1 or $3.
RE:RE:RE:RE:RE:If Newmont makes an offer on Questex will you take $1 or $3.Yeah drilling from a low cash position is basically gambling 20% or more of your share value on a Geologist's geological interpretation of where to drill that is fed by virtually no sub-surface data.
JVs with a company that has good data from nearby and provides cash is always a good decision. It both de-risks the investment in QEX and increases the chances of success significantly.
I think the current management team gets that and has taken an optimal or near-optimal path to delivering shareholder value so far. I'm excited to hear what their plans are moving forward.