please see link below
http://www.stockhouse.com/Community-News/2008/June/18/Penny-coal-company-trades-at-fractions-of-a-cent-o
Press Release Source: Quest Minerals & Mining
Quest Minerals & Mining Announces Rapidly Approaching Production Phase
Friday June 20, 7:30 am ET
PATERSON, N.J., June 20, 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 that it is diligently working to conclude their final stages of rehabilitation so that they can move into full production. The company is currently preparing to mine its Pond Creek location, held under its wholly owned subsidiary, Gwenco, Inc.
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Eugene J. Chiaramonte, Jr., President of Quest Minerals and Mining Corp., stated, `` I have spent many hours underground to ensure that we are mining as soon as possible. Despite some minor encounters related to equipment delays, our long awaited production phase is imminent. Pending any unaccountable obstacles, we expect to be ready for production within a week to two weeks. The company is eager to launch its $8 million contract fulfillment with Logan & Kanawha Co., LLC. We will provide continual updates as production incurs.''
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 & Mining
up again at frankfurt stock exchange....looks like another good open
holy moly what a chart ::) ::) ::) >:D
insane vol. riding free shares up. looks like it may move up again from here
os now upto 600 million but still moving.....nothing makes sense
Trading 33% of the O/S on a single day? This one has all the earmarks of a scam
being run out of germany. Play this one carefully! IMHO
cheers,
SJ
ps. yep, I'm in and making money.... can't avoid volume plays like this one!
a scam or a buyout...
eliteG would love it >:D >:D >:D
>:D >:D
InvestSource Inc.: Quest Minerals & Mining Set for Production Pending Final Directional Engineering Reports
Monday , July 07, 2008 03:59ET
Jul 07, 2008 (M2 PRESSWIRE via COMTEX) -- Stocks in the News: Quest Minerals & Mining Corp. (OTCBB:QMNM), BHP Billiton (NYSE: BHP), Harsco Corporation (NYSE: HSC), Gerdau Ameristeel Corporation (NYSE: GNA)
Jul 2, 2008 -- Quest Minerals & Mining Corp. (OTCBB:QMNM) announced today that its Pond Creek Location is ready to commence coal production operations pending the issuance of final directional engineering reports "spats" by its internal engineering firm, Alchemy Engineering. Management expects said reports to be issued by July 9, 2008 and plans to update the public with production numbers in the coming weeks. Eugene J. Chiaramonte, Jr., President of Quest Minerals and Mining Corp., stated, "I am pleased to announce that we now have the equipment and people in place today to initiate mining operations at our Pond Creek Location. Given the fact that the Independence Day holiday is upon us, we have experienced a slight delay in obtaining final directional engineering reports from our engineering firm, which are expected early next week. Once received, we can then move on to production stage."
in @ .023 >:D >:D >:D >:D >:D
Quest Minerals & Mining Initiates Coal Production At Pond Creek
Wednesday, July 09, 2008 14:21ET
PATERSON, N.J., July 9, 2008 (PRIME NEWSWIRE) -- Quest Minerals & Mining Corp. (OTCBB:QMNM) (Frankfurt:QMNB), a Kentucky based operator of energy and mineral related properties, is very pleased to announce that its Pond Creek Location has commenced its coal production operations as of Wednesday, July 9, 2008.
Eugene J. Chiaramonte, Jr., President of Quest Minerals and Mining Corp., stated, "I am ecstatic to announce that after a lengthy five month rehabilitation process, we have begun mining coal at our Pond Creek location. Despite a number of delays and setbacks experienced in bringing the property online into the coal production stage, we feel that production could not have come at a better time given the recent surge in global coal prices."
According to GlobalCoal.com, the weekly index for power-station coal priced at the port in New South Wales (Australia) gained $22.69 to $194.79 per metric ton in the week ended July 4 for a record 6th week of increases.
The Pond Creek location is expected to be in full production mode within the next few weeks. Management aspires to then shift strategic focus towards bringing its Cedar Grove mine online.
Everett Hampton, President of Whitestar Mining, LLC stated, "I am pleased to announce that coal is now being mined at our Pond Creek location. Once full production is achieved, we anticipate to mine approximately 1,500 - 2,000 raw tons of coal per day. In addition, we expect very similar output from our Cedar Grove property once it is brought online."
chart:
nice chart pattern (daily & 5 min) imho >:D >:D
consolidation (check Video on shoutbox)
just consolidation imho ;)
Quest Minerals & Mining Plans Initial Rehab On Cedar Grove Mine
Friday , July 11, 2008 22:24ET
PATERSON, N.J., July 11, 2008 (PRIME NEWSWIRE) -- Quest Minerals & Mining Corp. (OTCBB:QMNM) (Frankfurt:QMNB), a Kentucky based operator of energy and mineral related properties, is very pleased to announce that its contract mining group, Whitestar Mining, LLC., is in the process of taking the initial steps necessary to open the Cedar Grove mines. Representatives from both Quest and Whitestar plan to convene over the weekend to finalize all terms of the mining agreement.
Whitestar CEO Dan Hampton has agreed to begin the initial phases of licensing including the preparation of relevant state and federal paperwork. "The Cedar Grove mine is in far better shape than our Pond Creek location prior to its rehabilitation. While it took five months to rehabilitate Pond Creek, we anticipate bringing Cedar Grove online in a far timelier manner. With production now running smoothly at Pond Creek, we are able to shift our focus towards bringing Cedar Grove into production mode. In addition, the mining conditions at the new site are ideal. The seam is 50 inches in height and very little rehab work is expected to be required prior to begin mining. I know that Cedar Grove will be a great mine," Said Whitestar CEO Dan Hampton.
Eugene J.Chiaramonte Jr. President of Quest Minerals and Mining Corp. stated, "I am extremely pleased with Whitestar's ability to produce coal at our Pond Creek location and have absolute confidence in their ability to bring our Cedar Grove property online in the near future. Initial reports reveal that the Cedar Grove mines house a higher quality, higher value Met coal than what is currently being prospected at Pond Creek. In response to this finding, I am very excited about the opportunity to bring this mine into full production and enter into a new and lucrative segment of the coal market by doing so."
Steps to open Cedar Grove mines taken by Quest Minerals & Mining
Tuesday , July 15, 2008 13:31ET
Jul 15, 2008 (M2 EQUITYBITES via COMTEX) -- Quest Minerals & Mining Corp (OTC BB: QMNM.OB) (Frankfurt: QMNB.F), which acquires and operates energy and mineral related properties, revealed on 11 July that Whitestar Mining LLC, its contract mining group, has taken the first steps to open the Cedar Grove mines,
Representives of both companies were scheduled to meet last weekend to finalise the mining agreement. Whitestar stated that the seam at the new site is 50 inches in height and very little rehab work is expected to be required prior to the start of mining.
&
Quest Adds Maintenance Shift at Pond Creek
Tuesday , July 15, 2008 08:30ET
PATERSON, N.J., July 15, 2008 (PRIME NEWSWIRE) -- Quest Minerals & Mining Corp. (OTCBB:QMNM) (Frankfurt:QMNB), a Kentucky based operator of energy and mineral related properties, is very pleased to announce that its wholly owned subsidiary, Gwenco, Inc. has hired a crew of maintenance personnel to work the second shift at its Pond Creek location.
Everett Hampton, President of Whitestar Mining, LLC. commented, "The company plans to expedite production as quickly as possible in an effort to bring its Pond Creek mine up to previously stated expectations of between 1,500 - 2,000 raw tons of coal per day and I believe that utilizing a second shift of maintenance personnel is a very positive step in the right direction. Employing this maintenance team will enable the first shift of miners to commence production operations immediately at the start of each day without being hampered with the task of performing their own maintenance and preparation, which can potentially consume hours of a typical work shift."
Eugene J.Chiaramonte Jr., President of Quest Minerals and Mining Corp., stated, "I am excited to report that we have employed a shift of maintenance workers at our Pond Creek location so quickly. This move is expected to allow our first shift personnel to mine coal without focus on additional, often time consuming tasks. Given the extremely favorable conditions currently present in the coal market, we are anxious to bring the mine into full production mode as soon as possible."
For more information visit: http://www.outcasttrader.com or http://www.questmining.net.
this chart will fly again soon >:D
looks like 0.014 is the bottom...
Increase to coal contract announced by Quest Minerals
Friday , July 18, 2008 11:22ET
Jul 18, 2008 (M2 EQUITYBITES via COMTEX) -- Quest Minerals & Mining Corp (OTC BB: QMNM.OB) (Frankfurt: QMNB.F), which acquires and operates energy and mineral related properties, revealed on 17 July that Logan & Kanawha Co LLC, a West Virginia company, has verbally given a higher strike price per ton on coal to the company's wholly owned subsidiary, Gwenco Inc, amending the purchase order of coal to USD8m until December 2008. This new commitment reportedly gives an additional 10% in revenues to the company. The company's initial progress reports on operations are scheduled to be announced in the next quarter.
updated daily chart for the WE
>:D
Quest Initiates Infrastructure Upgrades for More Coal Production At Pond Creek
Monday July 21, 8:30 am ET
PATERSON, N.J., July 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, announced today that it has purchased the necessary materials to replace and upgrade their existing 36`` beltline to a larger 42'' beltline.
Everett Hampton, President of Whitestar Mining, LLC. commented, ``The larger conveyer system is a key improvement as it will essentially allow for greater tonnage while reducing downtime previously caused from beltline overloads. Even more importantly, the upgrade will not interrupt our current production efforts as the work will be completed by our recently acquired 2nd shift maintenance crew.''
Eugene Chiaramonte, Jr., President of Quest, stated, ``Replacing the beltline to facilitate higher coal volume is one more step towards our commitment to being a top producing company similar to Massey Energy, Consol Energy or Peabody Energy.''
For more information visit: http://www.outcasttrader.com or http://www.questmining.net.
golden cross coming soon imho
lock at the tight BB >:D
Quest Announces Teleconference Update
Tuesday , July 22, 2008 15:43ET
PATERSON, N.J., July 22, 2008 (PRIME NEWSWIRE) -- Quest Minerals & Mining Corp. (OTCBB:QMNM) (Frankfurt:QMNB), a Kentucky based operator of energy and mineral related properties, will hold a conference call Tuesday, July 29, 2008 at 2PM ET to provide an operational update on the progress regarding their Pond Creek and Cedar Grove mines held by its wholly-owned subsidiary, Gwenco Inc.
The teleconference dial-in numbers will be announced by the end of business on Monday, July 28, 2008. Investors are welcome to call in with inquiries regarding the company and its recent progress.
update:
Quest Adds Larger Shuttle Car to the Mix
Tuesday August 12, 9:18 am ET
PATERSON, N.J., Aug. 12, 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 that it has added a JOY (64'' Bed) 21SC shuttle car to its underground operations.
Everett Hampton, President of Whitestar Mining, LLC., commented, ``This second shuttle car will help increase our production immensely, as it cuts down the time needed to move coal from the mine face to the belt feeder. Before, we had to periodically pause operations to wait for coal to be cleared away from the miner. Since this shuttle car holds up to five (5) tons working alongside our first shuttle car, holding up to four (4) tons, we can now maintain our production efforts with much less down time.''
Eugene Chiaramonte, Jr., President of Quest, stated, ``Our main goal is to mine coal. We will continue to make the necessary adjustments until the volume levels exceed our expectations.''
0.01 $ as last man standing/support ;)
still holding............
update:
0.01 $ support broken, but I am still holding this baby. Once production numbers are out, this baby will sky rock imo
chart:
Quest Makes Additional Improvements At Pond Creek
Tuesday September 9, 9:19 am ET
PATERSON, N.J., Sept. 9, 2008 (GLOBE NEWSWIRE) -- Quest Minerals & Mining Corp. (OTC BB:QMNM.OB - News) (Frankfurt:QMNB.F - News), a Kentucky-based operator of energy and mineral related properties, confirmed today that it has thoroughly overhauled the existing infrastructure and mining equipment at its pond creek mine location in order to gear up for major production.
Everett Hampton, President of Whitestar Mining, LLC, commented, ``For the past 10 days, we have refurbished and modified all of the key inner workings essential to our operations. Splitting the beltline to add another head drive; and replacing 1,200 feet of used conveyor belt that was more than ten years old was just one of the major improvements. We also added four feet to the belt feeder along with its own motor so that it will run independent of the beltline and therefore, cause fewer delays. Lastly, we focused on the machinery by installing new hydraulic jacks to the roof bolter and refurbishing the under carriage on our joy 14-10a miner to give it better output efficiency. Ultimately, we have taken every measure possible to ensure that we will not only produce high coal volume, but to have this mine in the shape needed to sustain consistent production levels.''
Eugene Chiaramonte, Jr., President of Quest, stated, ``We are very pleased with the performance of Whitestar. I have observed first hand their commitment and desire to make this mine a successful operation. I have no doubt that they will finish what they have started. The company should have some impressive tonnage reports to release within the next few weeks.''
Production number update should be coming soon.
BK update:
http://messiestobjects.typepad.com/2008-09-12WhitsonRenewedObjections.pdf
chart update:
well, good news will come soon, and the chart will be sky rockin ;D
still holding this baby with strong hands
cheers
O.
;D
patience is the key.... >:D
finally we go up...
104% not bad for the first step ;D
is there still life outta there??
I BELIEVE YES
BK update will be next week ;)
stock price will be higher imho