Q Resources Share Discussion Threads

[andrbea] 15/4/2010 08:30

Q Resources , a cash shell looking to buy natural resources assets in Africa, added a further 16.4 per cent to 19½p while Kea Petroleum held firm at 16¼p after the exploration company said drilling at the Wingrove-2 well in New Zealand would start this week.

[andrbea] 14/4/2010 12:45

Highly speculative Jersey-based Q Resources soared 3.75p or 30pc to 16.75p on hearing it has raised between £32m and £64m to fund mining deals in Africa. It plans to make a sizeable acquisition in the coming two months and wants to invest in iron ore, gold or uranium projects in Africa. Q was floated on AIM at 6p only last week and certainly is not a stock for widows and orphans.


Read more:

[andrbea] 14/4/2010 12:44

Q Resources Plc said that it has able to raise between USD 50 million and USD 100 million to fund mining acquisitions in Africa by selling shares.

Mr Ivan Murphy non executive chairman at Q Resources said that it seeks to make a sizeable acquisition in the coming couple of months. He added that the company plans to invest in iron ore, gold or uranium projects in Africa.

Q Resources, based on the Channel Island of Jersey, raised USD 4.6 million selling shares on London's Alternative Investment Market. Gazprom Invest MENA will advise Q Resources on deals.

[andrbea] 14/4/2010 12:43

April 14

Q Resources was in the spotlight yesterday as its strong post-flotation run continued.

The shell company joined Aim last Friday after a £3m fund raising at 6p a share. Yesterday, its shares rose a further 30.7 per cent to 17p, valuing the company, which is looking to buy natural resources assets in Africa, at just over £9m.

Q Resources is backed by Gazprombank-Invest, the Lebanese investment bank that brought Cove Energy to market as a shell a year ago at 12p a share. Cove fell 4 per cent to 59p.

[andrbea] 14/4/2010 12:43

so the 2 bodies in post 27 are newcomers?

[exmooroil] 14/4/2010 10:23

Major holdings immediately post admission:

Quantic 30.09%
Pacifico SA 10.03%
Global Carbon Trading 10.03%
I.B.Murphy 3.66%

Securities not in public hands at admission: 48.3%

[andrbea] 14/4/2010 09:49

last rns: BlueGold Capital Management LLP at 7%

rns on the 9th: W.W. Exploration Ltd at 6.11%

so have they been stakebuilding on their initial positions at the placing

anyone know?

[ducatiman] 14/4/2010 09:40

top sliced to lock in some gains, you never know with these new to market stocks but hopefully more legs in this.

[ducatiman] 14/4/2010 08:51

these certainly seem to have a few friends! dyor etc.

[goz1986] 13/4/2010 15:14

due for a small reality check i should imagine.....

[roughandtumbleone] 13/4/2010 13:56

Reading between the lines regarding Q Resources investment strategy, I wonder who they are looking at in Mozambique? I am heavily involved with Baobab Resources and know they are in discussions with several JV partners with several of their projects...

It certainly seems to fit with QRES synergy and investment criteria. Would be superb to see an announcement over the coming few weeks?

Best wishes,

R&T

[goz1986] 13/4/2010 13:24

can we make it a rule of this board that we don't write dyor at the end of every post....... let's take it as a given!:-)

[andrbea] 13/4/2010 13:10

As (says so in the prospectus) this was the same management behind Cove Energy, well I mean... look at the exciting acreage they're sitting on (East Africa)

If the management team can repeat that pedigree elsewhere and cherry-pick some prime acreage as a project for use by qres, then the future for this stock has to be worth waiting for

well that's why I'm in.. :-)

nia dyor

[goz1986] 13/4/2010 11:15

this is trading at a fair old premium now.....

[ducatiman] 13/4/2010 11:15

goz, thought so, have paid plenty of £1 levy in my time. Think the threshold there is circa £7k.

[goz1986] 13/4/2010 11:10

ducatiman: i ve just looked it up in one of my old books and realised I was talking rubbish.... the panel on takeovers and mergers is financed by a levy of £1 on trades over £10k (ptm levy). sorry for that was thinking about the silly broker fees that wealth managment firms stick on every trade!

[ducatiman] 13/4/2010 10:44

goz, are you sure about that, I have plenty of stocks above that value but all were bought in tranches below £10k. Not sure about tiered duty in Eire but all my buys attracted 1%.

[ducatiman] 13/4/2010 10:31

would be nice if all stocks were like that andrb, still .5% is ok, Irish stocks carry 1%.

[goz1986] 13/4/2010 10:31

the problem is old boy the price has gone up a lot more than .5% since, bit of a false economy........

[andrbea] 13/4/2010 10:29

ducatiman:
looked up the contract details of my buy yesterday
no stamp duty charged

[ducatiman] 13/4/2010 10:24

broker says he thinks these should be free of stamp duty and is double checking. All helps.

[andrbea] 13/4/2010 10:23

the word 'advanced' suggests to me they won't wait 12 months:

"There are a number of appealing and advanced investment opportunities in the African region where we have extensive expertise."

nia dyor

[goz1986] 13/4/2010 09:41

I am hoping for a draw back truth be told as would like a few more.... however, past history shows if it fall it will only be a limited drop...

[goz1986] 13/4/2010 09:39

well done those that have bought in...... we could see some very interesting movement over the next 6 months!