Share prices of Queensland Bauxite attracts price query

The shares of Queensland Bauxite rose 40% to $0.014, leading ASX to issue a query related to the price. The company said it had no clue about any unreleased information that could give an explanation regarding the increase in price since the close of $0.010 on May 23, 2014.

However, it is expected that some key results will come out from the Queensland’s bauxite project located in South Johnstone. The company also said that they were carrying out various project opportunities in Mozambique as their directors believe that these projects can give the shareholders significant value in return.

They had also made progress in the negotiations with one of the project opportunities. As of yet, the negotiations haven’t reached any conclusion and no one can even guarantee of their successful implementation.

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