Re: I would like some sober thoughts
in response to
by
posted on
Sep 23, 2008 03:27PM
(Edit this message through the "fast facts" section)
Welcome Whistler2,
The point you raise about Jr's needing to raise capital for exploration purposes is a good point and Mr. Binnion ( CEO of QEC) has done his homework and has worked very hard ( over the last 10 years)at the very answer to your question. He has (TLM) Talisman and (FST) Forest Oil as partners. They are both Large Cap majors with a mit and a half full of projects and earnings. Talisman is putting over 130,000,000 into the project,QEC 70,000,000. QE has money in the bank and a vault full in the ground. They raised 70,000,000 on their last pp and it was over subscribed 5X in Norway so there are lots of fish ready for the feeding frenzy when the BIG SHOW begins in the near future. Like Mr. Binnion said in the video TLM has said as much as the project is going forward. QEC's sp has held it's own very well during the market turmoil which shows the value in both the stock and the company. If you're thinking of a larger position in QEC I would't wait to long or you'll be trying to catch it on the way up and that can be expensive.
JQ:)