NVA – Nova Minerals | Aussie Stock Forums

A long time between posts on QUR. I’m always looking for the one that is down but not out and may just come home with the bacon. I’ve decided to put a few of these in the bottom drawer. It is no good looking in the top 200 for that lottery winner. Very few in that class will double during the next year. Most will just hold their value plus give a little more than bank interest in return because they have little risk and the price is calculated at their value in most cases.

So into the penny stocks. Most penny stocks are actually penny stocks because they have spent all their foundation capital plus more getting there. It is necessary to see if they have actually got some value for the money they have spent in the form of something that could pay off big time.

Maybe QUR is one of these. Mainly a uranium explorer but maybe about to find a rare earth deposit that could be the company maker. It has a neighbour in NTU that has just changed its name from Northern Uranium to Northern Resources and changed its key focus from uranium to rare earths. Lynas has taken a respectable holding in NTU and that is an indication to me that it has prospects. The stock market also thinks the same. I bought 200,000 NTU @5c a few months ago today they are 71c.

Some of the NTU speculation is starting to rub off onto QUR. I’m taking the hint and getting in. Now this is a spec and nobody should invest in this type of stock with money that they can’t afford to lose. DYOR.ld: