EQR 0.00% 4.4¢ eq resources limited

9 days left of May. Kevin has stated the JV dissolution via buy...

  1. 911 Posts.
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    9 days left of May. Kevin has stated the JV dissolution via buy out from Cronimet will be done by 31st of May. I believe this will be a major milestone. Last I read was EQR sells ORE to the JV then the JV processes and splits the earnings. I can't imagine we would be covering costs selling the ore to a "Third Party". Buying out the JV will remove the middle man. That piece of Cronimets pie will become EQRs. Obviously after selling some of EQRs pie to Cronimet.

    I believe Saloro was a solid move and will become a great move in hindsight. I also think China is going to have a substantially increased hard time trying to crash the market these days when compared to a decade or two ago. While foreign western countries are building stock piles is it really in Chinas interest to flood the market and push prices down? China is also the biggest importer so I find it hard to understand how they flood the market when they are the main purchaser. It however is still a risk.


 
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