Share Name Share Symbol Market Type Share ISIN Share Description
NQ Minerals PLC NEX:NQMI NEX Ordinary Share GB00BYN8YP12
  Price Change % Change Share Price Shares Traded Last Trade
  -0.20 -4.0% 4.80 50,000 09:25:59
Bid Price Offer Price High Price Low Price Open Price
3.00 6.00 5.00 4.80 5.00
Last Trade Time Trade Type Trade Size Trade Price Currency
09:25:58 50,000 4.80 GBX
NQ Minerals PLC is an Australian-based exploration and mining company focusing on projects where past exploration work has established the presence of mineral occurrences.

The management team has decades of experience in the exploration and production of gold, silver and a variety of base metals.

NQ Minerals PLC is focused on two exploration projects known as Ukalunda and Square Post, in North Queensland, Australia.

These projects are both located in prospective mining districts that form part of the well-known Charters Towers Gold Province, where more than 20 million ounces of gold has been mined.

Visit the NQ Minerals PLC website

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Date Time Title Posts
26/2/202017:21NQ on the rise!7
08/12/201919:22NQ Share Price 24
28/9/201906:20NQ Minerals Interview31

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NQ Minerals (NQMI) Top Chat Posts

heollas: Fouscais and paulman10 - have you seen the two videos from new chairman David Lenigas? Take a look! At last someone on board who seems determined to put NQ on the map. He talks very positively about raising the company profile worldwide and attracting new investment. What a huge improvement from Stockbridge! It's early days I know but the share price looks to have turned the corner already. Let me know your thoughts.
paulman10: I did email them about when it will be listed on AIM but got no reply. Momentum certainly isn’t high for this stock reflecting in the share price. It will be a few years (if ever) for them to turn a profit but hoping Dr Michael Greens projections are right and things go according to plan. Definetly worth holding for the potential of this company. Good thing for us is that we bought early and when it’s cheap. I think it will be one those stocks where profits matter for it to be reflected in the share price unlike other speculative stocks where the price goes through the roof on momentum. I originally was going to get a bond paying 12% interest on this company, but I got told about something that the third party couldn’t sell it to me because it was deemed too high risk or something. That’s when I decided to purchase shares instead. I do hope they’ll communicate more with their shareholders I’ll stay in touch with you and we can discuss as the company progresses.
paulman10: Hello Heollas I did read the report by Dr Michael Green, I wouldn’t usually buy penny stocks especially ones that aren’t turning a profit but this company excited me a couple of years ago. I wish I sold at 16p and repurchased at 4p but unfortanetly I don’t have a crystal ball. I am holding on for the long term, first because of the potential of the Hellyer mine and this nickel cobalt project. The management seem very strong but I am just curious to why haven’t more investors jumped on board pushing the share price up. I did sell some 37,000 shares at a 20% profit but I’m holding the rest for the long term. I would hope this high risk investment pays off!
heollas: Hi paulman10 good to get some new contributions on this thread. Fouscais and myself were feeling a bit lonely! Your point about dilution is very valid. There has been something like a 50% dilution over the past couple of years I think. I'm not sure what effect this has on share price while the company is not making a profit, but it does need to be taken into account in projections for EBITDA and E/S ratio. You've probably seen the recent report by Dr Michael Green on the Barnes Hill nickel-cobalt project and its potential uplift on future share price. Figures up to 2 quid a share are mentioned even after taking dilution into account. Fouscais and myself feel that the lack of liquidity on the NEX market is a big part of the problem. I understand that a relatively small volume of trades can have a big impact on share price. I'm sure you're aware that a listing on the AIM board has been talked about for years and just never seems to happen. Fouscais heard that Walter Doyle favours a listing on the main board of the LSE but I'm not sure about the rules and market cap requirements for that. In the meantime the share price languishes around 3p and small investors like myself become increasingly disillusioned. Not sure what the answer is but to hang in there while you can! In the meantime the price of gold is steaming along, which I guess must help the viability of the Hellyer project. Funding for ongoing development seems to be an issue, even with WD's reputation in the industry. I noticed another of his babies, Sirius Minerals took a big hit of around 30% on their share price recently.
paulman10: Any thoughts when or if the share price will go up again? Seems like they’ve issued lots of shares diluting it over the last few months for working capital.
heollas: Ha yes I agree, not good on the paperwork! I guess you mean reassuring in the sense of getting the Hellyer project going - good at getting the stuff out of the ground, right? But the share price just doesn't reflect their progess, or not yet. I looked again for that presentation but can't find it on this site or in email updates - I'm on the list for automatic updates from NQ as I expect you are too. So I would be grateful if you could email it to me.
fouscais: What exactly did you find lacking in him then ? I just looked again at the presentation he did for the company in 2016. it ends with a graph entitled 'NQ Minerals Potential Market Cap & Share Price' Based on 202m shares out, he then shows 'Base Case Production 10 x EBITDA' with figures $884 (£541m) shareprice £2.67 (So now with 320m shares that would be £1.69) The "Favourable Case Production' is then shown as £641m or £3.24 a share (now £2) Brian Stockbridge is shown as holding 3m shares in the Co. I assume that 10x Ebitda is tantamount to an expectation of a price/earnings ratio of 10 which is probably low average for mining companies. But the £541m base market cap very much duplicates their recently stated 10 year mine life Earnings of £560m which shows that those figures should all still be really relevant. So at 4p Brian's holding is worth £120,000. At his low figure of £1.69 it would be worth £5m. All this showing what a huge disconnect there is with the market potential of this company.
fouscais: I was told at the end of last year- on good authority- that Walter had decided to list on the main board rather than the AIM which of course would be much better because they would then get a proper valuation. I also think I heard around that time that they might also dual list in the US at same time? The same source told me a few months ago that the drop in the share price was partly due to a distressed investor having to liquidate a big position. And of course we know that the NEX market is so illiquid that share price s can go up and down dramatically on quite small volume. Maybe they are worried too about committing to a London listing with all the uncertainty of Brexit. Being optimistic, it might be good though if not having listed yet, they now wait until they have the first years' results and earnings under their belt - that might underline an even better share price ? In May we got the Q1 results + the month of April which showed a big uptick in monthly production, so sometime in July we should be due the Q2 results. Lets hope it continues upward. If anyone else on this board has had any contact with the company it would be good to hear...
fouscais: Its difficult to know what to think now about NQMI. All we get is these old interviews with Roger Jackson coughing and spluttering, and making vague promises about shareholder value and promises that the company is about to list on the London market- which just never seems to happen. (the interview here was in early 2018) What we do know though from their RNS's for the first few months this year - 2019, is that they seem on target for around £ 20-£30m Ebitda for the first years trading- (which was what Jackson and/or Nicholson were saying over a year ago) and that was before the recent announcement that they had bought a company to extract the gold and silver from the pyrite condensate rather than just sell it on. Set against that, the share price languishes dispiritingly at around 4-5p, giving a current market cap of £13-16m. So who knows whats going to happen with this company- We do know that Walter has had a long successful career in setting up mining companies and that NQMI and IG Mining- again having big success at Brilliant Brumby mine but another promised AIM listing that just never seems to happen- are his 'swansong' projects, the grand finale to his mining career ? A lot of us did the loan agreements at around 8p- we never expected that 1-2 years on the share price would have halved - while despite good initial results seeming to come in, our gang of aussies just say absolutely nothing !
NQ Minerals share price data is direct from the London Stock Exchange
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