EQX equatorial resources limited

Ann: Sale of Mayoko-Moussondji Iron Project, page-7

  1. 3,910 Posts.
    lightbulb Created with Sketch. 30
    I have a feeling it's the ROC Government that might have asked EQX to find someone to keep the project moving forward if the company couldn't.

    EQX sells to a company that will develop the project, receives a royalty on sales revenue, and keeps Badondo which is the company maker.

    It's a shame though, a lot of time and money was poured into the project, the macro conditions just weren't in favor of a company without cash flows to develop it. Sound familiar? It should.

    Cheers!
 
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