I picked up some more shares of QMEI today. The 2023 Q1 report was filed last week. The revenue ($108M) and net income ($6.8M) in that quarter were excellent. Besra Gold is currently under a voluntary trading halt in Australia, pending some type of imminent announcement about the above $300M financial support.
Quantum Metal held its 10th anniversary celebration in late January, during which the CEO went up on stage and talked for about 15 minutes. As I have mentioned previously, the language/accent differences and video/audio quality of QMEI-related videos often make it difficult to clearly understand the CEO. I have seen two videos of his anniversary speech taken from different angles and distances, but the close captioning and transcript features on the videos did not really help me understand what he was saying.
But based on what I did hear, and my interpretation of what I think I heard, it is my belief that QMEI is planning on having an audit completed by an international firm in the second quarter of calendar 2023. During the speech he definitely used the word "uplisting". I think there is a definite possibility that QMEI intends to either upgrade to a higher tier at OTC Markets or begin the process of becoming fully-reporting.
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