Forum Archive Index - April 2004
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[sharechat] QUE $18 million cash RICH !!??
Hello !
Does anyone know anything of QUE ?
Cash rich at present.
Around $18 million in the bank.
It appears Que own a high % of a couple of companies
one of which appeared to be on a last gasp of being
written off completely, called Central Exchange CXL of
which QUE owned 49%.
It also appears QUE and CXL were gambling on the price
of nickel climbing to a certain level with a company
called Anaconda Nickel (Anaconda Confirms Triggering
of $19m Settlement Deed Payment and have now paid out
the $19 million to CXL known as Central Exchange 49%
owned by QUE).
I was wondering if our Australian investors have heard
or know what QUE is likely to blow this pile of cash
on and what is a fair value for a single share in QUE
?
19 cents for the last few weeks.
Regards Clubs Mate
PS: Pleased to see peace reigns again at sharechat !
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