At the start of November, QMines (ASX: QML) was at 5.5 cents and I suggested waiting until the share purchase plan was completed. It is now over, and the share price is still at 5.5 cents, but not for long.
I can see this pushing past the 52-week high of 7.3 cents as the company continues to drill and update its mine plan.
AND THEN I can see a significant number of shareholders taking profits and forcing the share price back down again.
Let's see what happened when I check back in April, after the release of their first quarterly for 2026.
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