QUEST MINERALS+MNG (Part 2)
http://www.ariva.de/QUEST_MINERALS_MNG_NEW_Next_Generation_t300412
Quest Mineals und Mining hat zum 14.12.2007 einen R/S von 10-1 durchgeführt. Dazu wurde das Symbol zu qmnm.ob bzw. Frankfurt QMNB.F geändert.
Quest hat in den letzten beiden Quartale ~$58.000,- Umsatz generiert.
Alle Fragen, Antworten und Risiken zu Quest sind im alten Thread nachzulesen!
Ich hoffe auf einen interessanten Thread mit vielen guten Informationen rund um Quest und wenig inhaltslosem Bashing/Pushing!
Bitte überlegt lieber zweimal, was ihr hier öffentlich schreibt. Danke.
###########
Form 8-K on 11-Dec-2007
Show all filings for QUEST MINERALS & MINING CORP | Request a Trial to NEW EDGAR Online Pro
Form 8-K for QUEST MINERALS & MINING CORP
11-Dec-2007
Termination of a Material Definitive Agreement
Item 1.02 Termination of a Material Definitive Agreement.
On December 10. 2007, our wholly owned subsidiary Gwenco, Inc. notified General Mining LLC of its termination of that certain Coal Mining Agreement dated February 23, 2007. Gwenco terminated the contract because coal cannot be
###########
Quest Minerals & Mining Announces Effective Date for Reverse Stock Split
Thursday December 13, 12:00 pm ET
PATERSON, N.J.--(BUSINESS WIRE)--Quest Minerals & Mining Corp. (OTCBB: QMMC; Frankfurt: QMNA.F), a Kentucky based operator of energy and mineral related properties, today announced that its previously announced 1-for-10 reverse split of its common stock will be effective at the market open on Friday, December 14, 2007. At that time, the shares will begin trading on the OTC Bulletin Board on a split adjusted basis under the symbol “QMNM.OB.”
The Quest reverse stock split initially will result in a higher share price. This is expected to enhance the Company’s ability to raise capital, broaden its appeal to investors, reduce per share transaction fees, and reduce certain administrative costs.
The reverse split will reduce the number of issued and outstanding shares of the Company's common stock from approximately 353 million to approximately 35.3 million. The number of authorized shares of common stock will remain unchanged at 975 million.
Information for Stockholders
As a result of the reverse stock split, stockholders will receive one new share of common stock for every ten shares held. Registered holders may request a letter of transmittal from the Company or its transfer agent, Nevada Agency & Trust Company, for the exchange of stock certificates. Stockholders with shares in brokerage accounts will be contacted by their brokers with instructions.
Fractional or partial shares will not be issued and instead will be rounded up to the nearest whole number of shares. Stockholders with shares held in brokerage accounts are encouraged to contact their brokers with any questions.
About Quest Minerals & Mining
Quest Minerals & Mining Corp., or Quest, acquires and operates energy and mineral related properties in the southeastern part of the United States. Quest focuses its efforts on properties that produce quality compliance blend coal. For more information on Quest Minerals & Mining Corp., please visit our website at www.questmining.net.
Forward-Looking Statements
This document contains discussion of items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Quest believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, lack of revenue producing operations, lack of working capital, debt obligations, judgments and lien claims against Quest and certain of its assets, difficulties in refinancing short term debt, difficulties identifying and acquiring complementary businesses, fluctuations in coal, oil & gas, and other energy prices, general economic conditions in markets in which Quest does business, extensive environmental and workplace regulation by federal and state agencies, other general risks related to its common stock, and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission.
Contact:
Quest Minerals & Mining Corp.
Eugene Chiaramonte, Jr., 973-684-0035
Source: Quest Minerals & Mining Corp.
###########
Noch einmal vorkramend und zusammenfassend:
Lasst euch bitte von den Zahlen nicht blenden ... wartet mit einem Investition auf einen nachhaltigen steigenden Kurs! Wenn der Kurs steigt - muss man wohl schnell sein. Wann das sein wird - evtl./hoffentlich nach dem 10Q2-Bericht in 2008 ...
Gwenco gehören IMHO vertraglich 9 Minen:
Stand 2006:
1) Apollo 1 project portal 40k-50k a month,,coming soon.
2) Apollo 1 portal 2 combined with portal 1 100,000 tons a month.
3) Gwenco Taylor seam 20k ton a month.
4) Gwenco Pond creek seam 40k ton a month.
5) Gwenco Lower cedar Grove seam 40k ton a month.
6) Pike county
7) Letcher county
8) Floyd county
9) Knott county
Gwenco ist IMHO erst einmal mit dem Kohleabbau von Mine 4 dann 5 und dann 3 beschäftigt. Gwenco ist das Sorgenkind, da zahlungsunfähig. Gwenco steht rechtlich geschützt gegen Gläubigerforderungen in Chapter 11, um seine Restrukturierung zur Liquidität durchzuführen - an dem der CEO gerade arbeitet, indem schnellstens die Minen 4 und 5 in Produktion gehen. Dazu wird weiterhin frisches Geld der Aktionäre benötigt, da unerwartete Probleme mit General Mining und in der Mine PC aufgetreten sind. Sobald die Mine Nr. 5 läuft - soll sich das Projekt von selbst tragen und es bleibt genug Geld Stand irgendwann 2005. Diese Mengen sollen nachgewiesen sein. Hat dazu jemand noch Links zu den Berichten/News - woher die Zahlen stammen?
Sind ca. 37Mio Tonnen nachgewiesen... welche zu mindestens $50,- verkauft werden können - ein Teil der Kohle soll so hochwertig sein, dass Preise um die $95 erreicht werden können.
37.000.000 x $50 mindestens $1.850.000.000 Umsatz.
Der Gewinn pro Tonne mit den Verträgen von General Mining waren pro Tonne zwischen $12,00 und $17,00 und höher ...
37.000.000 x $12,00 ~$444.000.000 Gewinn ... bei einem MK von zur Zeit $450.000,-
Teile ich die 37Mio Gewinn durch 35Mio Shares ... habe ich einen Kurs von $1,06 ... heute sind wir nach dem R/S bei $0,014 ...
ich werd' mal wieder schwach...
Mine 4 (Pond creek) ist nun hoffentlich mit ~20.000 Tonnen/Monat in Produktion (auch wenn GM zum Februar 2008 gekündigt wurde). Mine 5 (Lower Cedar Grove) soll ja angeblich kurz vor Produktionsstart sein und daraus soll bis zu 80.000 Tonnen/Monat hochwertige Kohle (Wert ca. $95) abgebaut werden.
Mir stellt sich nun die Frage - warum wird nach einem Jahr nur noch von Mine 4 und 5 gesprochen ... was ist mit den restlichen Minen - gibt es die restlichen Lizenzen überhaupt noch?
Hat jemand andere Zahlen?
Viel erfolg - und hoffentlich endet dieser Thread nach dem R/S nicht auch wieder bei -80% ...
der reverse split wurde wohl nur gemacht, um den kurs weiter sinken lassen zu können.
Optionen
| Boardmail an "canetti" |
Wertpapier: QUEST MINERALS & MINING |
http://www.finanznachrichten.de/...ichten-2008-01/artikel-9841802.asp
brauch noch seine Zeit....
Schaut z.B. mal bei Waratah rein, die sitzen auf einem Milliardenvorkommen!
Umsonst steht der hier auch nicht bei 0,006 €.
Wenn dann ist China Coal interessant.
wenn s darum geht, dann
Felix
Macarthur
oder
Centennial ... sind aber leider keine aus Pusherbriefchen bekannten Werten ... hier muss man sich schon selbst ein wenig Mühe machen ..... aber dann kann man eventuell auch mal Geld verdienen ....
... aber immer fein auf die Pusherbriefchen und Co hören ;-)
quest war für mich ein Zock. Und da steckt man bekanntlich nicht viel rein.
Wenn ich mir die Werte anschaue, bleibe ich lieber bei China coal...
Chart ist immer noch in Ordung.
see you 6 month again.
der reverse split wurde wohl nur gemacht, um den kurs weiter sinken lassen zu können...
Falsch. Der Reverse/Split wurde gemacht, weil der Laden so gut wie Pleite ist. Durch den optisch höheren Kurs kann man dann wieder mehr Aktien abladen. Altes Spiel an der OTC. Deshalb halte ich mich mittlerweile von der OTC komplett fern.
nachdem nun endlich General Mining als Contractor gekickt wurde ... scheinen gerade Verhandlungen zwischen Quest und einem neuen Contractor für Pond Creek zu laufen.
Abends am 10.01.2008 saß der CEO mit dem neuen Contractor für Pond Creek zusammen. Förderstart könnte zeitnah sein! Beim heutigen Telefonat sagte der CEO: "dass man noch dabei ist den Vertrag auszuarbeiten und dass der Vertragsbeginn der 01.02.2008 sein wird - also auch Mining start!" Vertragsdetails mit dem neuen Contractor wollte der CEO keine nennen, nicht mal den Namen des Contractors.
Momentan steht die Förderung in Pond Creek still - da passiert momentan nix. Auf die Frage was mit GM das Problem war sagte der CEO: "Zu viele Breakdowns, wenn man kurzfristig mehr Leute brauchte ging auch nichts, kein Background usw.!"
Ansonsten wird der kommende 10Q4/2007 Bericht nichts besonderes aufzeigen, da zum Ärgernis von uns allen, im letzten Quartal mit GM so gut wie gar nichts mehr gelaufen ist.
Also warten wir einmal den 01.02. ab - ob Pond Creek dann wieder mit neuem Contractor an den Start geht.
================
Friday January 4, 6:00 am ET
--------------------------------
Quest Minerals & Mining Announces Letter of Intent with Powell Branch Energy
PATERSON, N.J.--(BUSINESS WIRE)--Quest Minerals & Mining Corp. (OTCBB: QMNM; Frankfurt: QMNB.F ), a Kentucky based operator of energy and mineral related properties, today announced its intent on a joint venture with Powell Branch Energy coal properties in southern Kentucky.
The initial project would encompass 1,400,000 tons of coal reserves from the Elkhorn # 3 coal seam structured through a lease agreement to mine property held by Powell Branch Energy.
Quest CEO Eugene Chiaramonte, Jr. said, “This relationship continues our expansion and diversification program previously announced to help increase shareholder value and diversify our current properties. The Elkhorn # 3 seam has proven to be one of the most accessible coal seams in Eastern Kentucky with seam heights ranging between 55 to 60 inches. The additional reserves from this project can be reopened and ready to mine without any rehab. As soon as the permits could be transferred, production would take place in early 2008 with a potential result of 30,000 tons per month.“
The company is currently raising capital to adequately pursue this opportunity, and any such expansion by the company will depend on the company's ability to attract new investment capital to support the potential growth into these sectors.
(http://biz.yahoo.com/bw/080104/20080104005116.html?.v=1)
================
================
Thursday January 10, 6:30 am ET
--------------------------------
Quest Minerals & Mining Announces Letter of Intent with the McCoy Heirs
PATERSON, N.J.--(BUSINESS WIRE)--Quest Minerals & Mining Corp. (OTCBB: QMNM; Frankfurt: QMNB.F), a Kentucky based operator of energy and mineral related properties, today announced its intent on a joint venture with the McCoy Heirs, owners of coal properties in southern Kentucky.
The initial project would encompass 1,000,000 tons of recoverable coal reserves from the Elkhorn # 3 coal seam structured through a lease agreement to mine property held by the McCoy Heirs.
Quest CEO Eugene Chiaramonte, Jr. said, “This relationship continues our expansion and diversification program to help increase shareholder value and diversify our current properties. The Elkhorn # 3 seam has proven to be one of the most accessible coal seams in Eastern Kentucky. The additional reserves from this project can be reopened and ready to mine with minimal rehab. As soon as the permits could be transferred, production could take place in early 2008 with potential results in excess of 6,000 tons per month.“
The company is currently raising capital to adequately pursue this opportunity, and any such expansion by the company will depend on the company's ability to attract new investment capital to support the potential growth into these sectors.
(http://biz.yahoo.com/bw/080110/20080110005244.html?.v=1)
================
Zu Elkhorn#3:
Elkorn ist ein Kohleflöz, das sich dort sehr weiträumig durch die Landschaft zieht und seit langem an vielen Stellen angegraben wird. Powell Branch Energy und McCoy Heirs sind wohl zwei separate Minen. Auf die Frage, wo das Investkapital dafür herkommen soll meinte der CEO, dass er die "coal buyers" in die Pflicht nehmen will, er sagte nicht wie das aussehen soll...! Die Permits liegen alle bereits vor, nur müssen sie noch überschrieben werden an Quest damit gefördert werden kann. Momentan arbeitet man an den Endverträgen zu Powell Branch und McCoy Heirs, da es bisher nur LoI´s sind.
Zu Lower Cedar Grove:
Momentan standby situation! Erst wenn PondCreek läuft, wird LCG zur Förderung gebracht - voraussichtlich auch mit dem neuen contractor von PondCreek. Damit gibt’s also auch noch keinen weiteren Start-Termin.
Realistisches Ziel für 2008:
Der CEO will bis Ende 2008 im Minimum zwei Minen am Laufen haben, optimal wären es vier Minen!
Außerdem wurde gefragt wo und wie die Prioritäten liegen, um das erste Geld zu verdienen:
Prio 1 ist ganz klar immer noch Pond Creek, danach kommen die weiteren Minen.
Was kann vom Jahresendreport 2007 erwarten werden? Als gesagt wurde "increasing of production" verneinte der CEO dieses! Es wird also nichts Wegweisendes enthalten sein, die Produktionsausfälle waren wohl in Q4/2007 mit GM zu hoch.
Am Telefon wurde ihm sehr klar gemacht, dass alle Deutsche Aktionäre mit dieser "desastrous performance" sehr frustriert sind und die beiden Splits den Rest dazu beigetragen haben. Auf die Frage wie er die momentane Situation sieht und was er für den Kurs unternehmen will, meinte er nur: "Wenn Quest endlich steten CashFlow vorweisen kann, dann geht notgedrungen auch der Kurs wieder g'en Norden. Und mit GM konnte er keinen CashFlow generieren!" Einen weiteren Split soll es in absehbarer Zeit keinen geben (naja, was ist absehbar...?!).
Insgesamt klang der CEO weiterhin recht positiv und optimistisch und sagte: "2008 wird ein sehr gutes Quest-Jahr!"
Schauen wir einmal ... was Q1/2008 so bringen wird.
sollte Quest nun wirklich durchstarten? ... wünschenswert ist es einmal ... ich hoffe - wir können nun endlich einmal sagen: "Bitte Anschnallen, wir starten in wenigen Tagen!"
Ich bin ja einmal zu tiefst gespannt - was nun passiert ...
Bitte nicht vergessen ... vor dem Kauf der Aktien den Kopf einschalten und sich über Quest komplett informieren und dann noch einmal sein Handeln überlegen ... weil besser ist das! Am besten den 10Q1/2008 im April 2008 abwarten ... danach sollte Quest aber hoffentlich wirklich durchstarten ...
Die heutigen News:
----------------------
Quest Minerals & Mining Retains White Star to Conduct Mining Operations at Pond Creek Mine
Tuesday January 29, 2008 06:00:04 EST
PATERSON, N.J., Jan 29, 2008 (BUSINESS WIRE) --
Quest Minerals & Mining Corp. (OTCBB: QMNM: Frankfurt: QMNB.F), a Kentucky based operator of energy and mineral related properties, today announced that it has retained White Star Mining, LLC, of Kentucky, to conduct mining operations at the company's Pond Creek Mine at Slater's Branch, Kentucky.
Bobby Blackburn of White Star Mining stated, "Our company is pleased to have this opportunity to bring Quest's operations back into full production. My associates and I have over fifty years of mining experience and are very enthusiastic about this project. With millions of tons to be mined at Pond Creek, we look forward to many years of working with Quest on this project."
Eugene Chiaramonte, Jr., President of Quest, stated, "We are very excited that White Star has agreed to conduct mining operations at the Pond Creek Mine. They have significant experience in the coal mining industry and have an excellent reputation for providing quality work. We are looking forward to having them as part of our team and we look forward to a prosperous relationship."
Preliminary preparations have already been initiated to expedite the start of full production. Limited operations should commence early next week once the operating license has been transferred.
About Quest Minerals & Mining
Quest Minerals & Mining Corp., or Quest, acquires and operates energy and mineral related properties in the southeastern part of the United States. Quest focuses its efforts on properties that produce quality compliance blend coal. For more information on Quest Minerals & Mining Corp., please visit our website at www.questmining.net.
Forward-Looking Statements
This document contains discussion of items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Quest believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, lack of revenue producing operations, lack of working capital, debt obligations, judgments and lien claims against Quest and certain of its assets, difficulties in refinancing short term debt, difficulties identifying and acquiring complementary businesses, fluctuations in coal, oil & gas, and other energy prices, general economic conditions in markets in which Quest does business, extensive environmental and workplace regulation by federal and state agencies, other general risks related to its common stock, and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission.
SOURCE: Quest Minerals & Mining Corp.
Quest Minerals & Mining Corp.
Eugene Chiaramonte, Jr., 973-684-0035
Copyright Business Wire 2008
Einige Personen von uns Investierten und ich haben hier echte Kohle von Quest aus P.C. auf dem Tisch liegen ... echte schwarze leicht nach Öl riechende Kohle ;-)
Stammt vom letzten Oktober 2007 ... als die erste Kohle mit dem neuen Miner geschaufelt wurden. Leider war G.M. nicht in der Lage diesen Miner zur vollen Produktion zu bringen ... laut aussage vom CEO ...
Also, weiterhin kühlen Kopf behalten und den ersten 10Q-Bericht abwarten - in dem ein erster Umsatz von über $1.000.000,-USD steht ... und der Aktienkurs nachhaltig anfängt zu steigen... dann sollte Quest zukünftig sehr viel Spass bringen... bisher leider nur ein Trauerspiel ... wenn man täglich auf den Kurs schaut ...
höre auf heshes! Am besten ist derjenige dran, der hier noch nicht investiert ist! Aber die Betonung liegt auf "noch"! 
Viele haben jenseits der 0,10€ gekauft. Diejenigen, die erst jetzt vor einem Investment in Quest stehen, werden wohl nicht das gleiche Desaster durchmachen...!
Gruß
Bradetti
Gute Nacht!
MFG
Chalifmann
Optionen
| Boardmail an "Chalifmann3" |
Wertpapier: QUEST MINERALS & MINING |
#########
Quest Minerals & Mining Completes Mine Permit
Thursday February 14, 6:00 am ET
PATERSON, N.J., Feb. 14, 2008 (PRIME NEWSWIRE) -- Quest Minerals & Mining Corp. (OTC BB:QMNM.OB - News) (Frankfurt:QMNB.F - News), a Kentucky based operator of energy and mineral related properties, today announced its new contractor, White Star Mining, has completed all of the permit requirements to conduct coal mining at the Pond Creek Mine at Slater's Branch, Kentucky. The mining permit is held by Quest's wholly owned subsidiary, Gwenco, Inc., and allows for mining operations to recommence at the Pond Creek Mine.
Eugene Chiaramonte, Jr., President of Quest, stated, ``The transferred permit will allow the company to resume its production, which is scheduled for the middle of March 2007. Even with the recently increased coal prices, the Pond Creek mine's lower sulfur should yield a higher commodity market value due to its inherent blending capabilities.''
Gwenco currently leases over 600 acres of coal mines that have approximately 12,999,000 tons of coal; 9,000,000 of which are proven reserves.
About Quest Minerals & Mining
Quest Minerals & Mining Corp., or Quest, acquires and operates energy and mineral related properties in the southeastern part of the United States. Quest focuses its efforts on properties that produce quality compliance blend coal. For more information on Quest Minerals & Mining Corp., please visit our website at http://www.questmining.net.
Forward-Looking Statements
This document contains discussion of items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Quest believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, lack of revenue producing operations, lack of working capital, debt obligations, judgments and lien claims against Quest and certain of its assets, difficulties in refinancing short term debt, difficulties identifying and acquiring complementary businesses, fluctuations in coal, oil & gas, and other energy prices, general economic conditions in markets in which Quest does business, extensive environmental and workplace regulation by federal and state agencies, other general risks related to its common stock, and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission.
Contact:
Quest Minerals & Mining Corp.
Eugene Chiaramonte, Jr.
973-684-0035
#########
Thursday February 21, 6:00 am ET
PATERSON, N.J., Feb. 21, 2008 (PRIME NEWSWIRE) -- Quest Minerals & Mining Corp. (OTC BB:QMNM.OB - News) (Frankfurt:QMNB.F - News), a Kentucky-based operator of energy and mineral related properties, today announced it has retained Alchemy Engineering Associates, Inc., located in Prestonsburg, KY to conduct a full reserves study report of the existing coal located near the top of their current mining operation. This upper stratum presently encompasses all 792 acres already under lease by the company's wholly owned subsidiary, Gwenco, Inc.
Eugene Chiaramonte, Jr., President of Quest, stated, ``The opportunity to permit and mine this section of the property would possibly double the working reserves of our entire operation. We are just waiting on a completed analysis to confirm the area's conduciveness for mining. A positive report will allow for additional projects such as strip and high-wall mining outfits, thus increasing the company's overall potential revenues.''
Gwenco currently leases over 600 acres of coal mines that have approximately 12,999,000 tons of coal; 9,000,000 of which are proven reserves.
About Quest Minerals & Mining
Quest Minerals & Mining Corp., or Quest, acquires and operates energy and mineral related properties in the southeastern part of the United States. Quest focuses its efforts on properties that produce quality compliance blend coal. For more information on Quest Minerals & Mining Corp., please visit our website at http://www.questmining.net.
Forward-Looking Statements
This document contains discussion of items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Quest believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, lack of revenue producing operations, lack of working capital, debt obligations, judgments and lien claims against Quest and certain of its assets, difficulties in refinancing short term debt, difficulties identifying and acquiring complementary businesses, fluctuations in coal, oil & gas, and other energy prices, general economic conditions in markets in which Quest does business, extensive environmental and workplace regulation by federal and state agencies, other general risks related to its common stock, and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission.
Contact:
Quest Minerals & Mining Corp.
Eugene Chiaramonte, Jr.
973-684-0035
Source: Quest Minerals and Mining
PATERSON, N.J., March 10, 2008 (PRIME NEWSWIRE) -- Quest Minerals & Mining Corp. (OTCBB:QMNM) (Frankfurt:QMNB), a Kentucky based operator of energy and mineral related properties, announced today that it is nearing completion their new rehabilitation of its Pond Creek Mine at Slater's Branch since the termination of their former contract mining company In December.
Eugene Chiaramonte, Jr., President of Quest, stated, "We are very pleased to report that we are close to completing the new rehabilitation of the Pond Creek Mine. Barring any unforeseen delays, we believe that the rehabilitation will be completed by early April. Once White Star Mining, our new contract miner, completes the rehabilitation, we expect that our production of raw tonnage should exceed 10,000 tons per month. Our goal remains to continue to increase our production until we reach an average of 20,000 raw tons per month from the Pond Creek seam. We continue to achieve premium pricing for our coal, above spot market prices, due to its quality in terms of BTUs, inherent ash, and sulfur content, and we expect that we will be able to continue to achieve strong pricing as production continues."
Monday March 17, 8:00 am ET
PATERSON, N.J., March 17, 2008 (PRIME NEWSWIRE) -- Quest Minerals & Mining Corp. (OTC BB:QMNM.OB - News) (Frankfurt:QMNB.F - News), a Kentucky-based operator of energy and mineral related properties, today announced that it sees a higher-than-anticipated revenue potential for the fiscal year 2008 due to record reaching coal prices. Coal closed at $79.83 on Friday March 14, after hitting a record high of $84 a ton during the week.
Eugene Chiaramonte, Jr., President of Quest, stated, ``We are being offered higher coal prices because of the low sulfur content in our Pond Creek Mine. We expect prices will rise even higher because of the large demand from China and India. The Company should be strategically poised to take advantage of these rising coal prices. Production may begin by early April, if not sooner, barring any unforeseen circumstances.''
About Quest Minerals & Mining
Quest Minerals & Mining Corp., or Quest, acquires and operates energy and mineral related properties in the southeastern part of the United States. Quest focuses its efforts on properties that produce quality compliance blend coal. For more information on Quest Minerals & Mining Corp., please visit our website at http://www.questmining.net.
Forward-Looking Statements
This document contains discussion of items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Quest believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, lack of revenue producing operations, lack of working capital, debt obligations, judgments and lien claims against Quest and certain of its assets, difficulties in refinancing short term debt, difficulties identifying and acquiring complementary businesses, fluctuations in coal, oil & gas, and other energy prices, general economic conditions in markets in which Quest does business, extensive environmental and workplace regulation by federal and state agencies, other general risks related to its common stock, and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission.
Contact:
Quest Minerals & Mining Corp.
Eugene Chiaramonte, Jr.
973-684-0035
---------------
Unregistered Sale of Equity Securities, Financial Statements and Exh
17-Mar-2008
Item 3.02 Unregistered Sales of Equity Securities.
On March 10, 2008, we entered into a Convertible Note Purchase Agreement with a single accredited investor pursuant to which we agreed to issue a $75,000 convertible promissory note. The convertible note has a 1 year term and bear interest at fifteen percent (15%) payable at the maturity date of the note. The note is convertible into our common stock pursuant to a "variable conversion price" equal to 50% of the average of the 3 lowest closing bid prices for our common stock during the 10 trading day period prior to conversion. The note contains monetary penalties for late delivery of shares and certain other items as more specifically defined therein. In addition, the purchase agreement provides liquidated damages (2-3% per month based on the principal outstanding) to the extent we are not current in our public filings.
Under the terms of note, the note is convertible by holder only to the extent that the number of shares of common stock issuable pursuant to such securities, together with the number of shares of common stock owned by such holder and its affiliates (but not including shares of common stock underlying unconverted shares of the note) would not exceed 4.99% of our then outstanding common stock as determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended
We intend to use the proceeds from sale of the convertible promissory note as follows: (i) $30,000 for purchase of equipment for mine operations; (ii0 $20,000 for supplies and payroll for mine operation; (iii) $15,000 for accountant's fees; (iv) $5,000 for working capital and (v) $5,000 for legal fees.
We relied on the exemption from registration provided by Section 4(2) of the Securities Act of 1933, as amended, for the offer and sale of the notes and the warrants.
The paragraphs above describe certain of the material terms of the financing transaction with the purchaser of the convertible promissory note issued under the Purchase Agreement. Such description is not a complete description of the material terms of the financing transaction and is qualified in its entirety by reference to the agreements entered into in connection with the financing which are included as exhibits to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits.
10.1 Convertible Note Purchase Agreement
10.2 Convertible Promissory Note
--------------------
URL zum Filing:
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5802946
#######
3.2 Capitalization. The Company is authorized to issue 975,000,000 shares of Common Stock of which, as of February 26, 2008, approximately 97,867,219 shares were issued and outstanding, and 10,000,000 shares of preferred stock, $0.001 par value, of which 432,397 shares are issued and outstanding as Series A Preferred Stock, 48,284 shares are issued and outstanding as Series B Preferred Stock and 260,000 shares are issued and outstanding as Series C Preferred Stock. All outstanding shares of Common Stock have been duly authorized and validly issued, and are fully paid, nonassessable, and free of any preemptive rights.
#######
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5802946
http://www.americanbulls.com/...anyTicker=QMNM&MarketTicker=OTC&TYP=S
Grüße, G.
Es stehen bei Quest wohl diese Woche einige wichtige Termine auf dem Plan ... schauen wir mal, was kommt.
Moderation
Zeitpunkt: 19.03.08 14:23
Aktionen: Löschung des Beitrages, Nutzer-Sperre für immer
Kommentar: Werbung - in jedem Posting der selbe Link - reine Werbe-ID
Zeitpunkt: 19.03.08 14:23
Aktionen: Löschung des Beitrages, Nutzer-Sperre für immer
Kommentar: Werbung - in jedem Posting der selbe Link - reine Werbe-ID
Hört nicht auf PUSCHER im anderen Thread ... der vor dem ersten R/S nicht einmal wusste - was ein R/S ist ...
Echte Umsatzzahlen sind frühestens im Aug 2008 im 10Q Bericht zu lesen.
#####################################
Quest Minerals & Mining's Update On Mine Rehabilitation
Friday March 28, 6:00 am ET
PATERSON, N.J., March 28, 2008 (PRIME NEWSWIRE) -- Quest Minerals & Mining Corp. (OTC BB:QMNM.OB - News) (Frankfurt:QMNB.F - News), a Kentucky based operator of energy and mineral related properties, announced today its Pond Creek mine (GWENCO) has passed its triple A inspection with federal mine inspectors, which will allow the conclusion of its rehabilitation, bringing the mine to its final inspection before mining operations are started.
White Star Mining, our new contractor, has begun moving their equipment onto the face of the mine including its JOY 14-10 continuous miner. The JOY miner (state of the art for coal mining) can mine up to 1,000 tons per shift, or over 40,000 tons per month on a two-shift operation.
The Pond Creek seam is widely mined in the area as a ``super compliance'' or metallurgical blend coal. According to Eugene Chiaramonte, Chairman of QMNM, ``With inherent sulfur below 0.6% and over 13,000 BTUs as clean coal, the Pond Creek is in demand in this coal market. We have serious bids for orders and are looking forward to shipping in spring.''
About Quest Minerals & Mining
Quest Minerals & Mining Corp., or Quest, acquires and operates energy and mineral-related properties in the southeastern part of the United States. Quest focuses its efforts on properties that produce quality compliance blend coal. For more information on Quest Minerals & Mining Corp., please visit our website at http://www.questmining.net.
Forward-Looking Statements
This document contains discussion of items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Quest believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, lack of revenue producing operations, lack of working capital, debt obligations, judgments and lien claims against Quest and certain of its assets, difficulties in refinancing short term debt, difficulties identifying and acquiring complementary businesses, fluctuations in coal, oil and gas, and other energy prices, general economic conditions in markets in which Quest does business, extensive environmental and workplace regulation by federal and state agencies, other general risks related to its common stock, and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission.
Contact:
Quest Minerals & Mining Corp.
Eugene Chiaramonte, Jr.
973-684-0035