EQR 2.13% 4.8¢ eq resources limited

TA, page-220

  1. 2,891 Posts.
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    Whilst, I have been very critical of management from time to time, and rightfully so as price manipulation has always been a thorn in our side......However, considering all things I find it hard to believe people would be selling now at these levels....I for one believe it's one of our best buying opportunities.....Firstly, we just had a very successful cap raise for 4.5ml at 3.6 cents......So, if the lenders believe this was good value, why can't the market see this????? especially considering the corona-virus environment we are in......I expect this will bounce back very soon as the company has already foreshadowed a 24/7 production commencing as soon as our ore-sorter is installed, which should by all accounts be very soon.
    Also, with inventories falling in China as they consume 85% of all raw materials domestically and with supplies being halted or at best interrupted, I expect this mineral to bounce back hard and demand to increase........Forward looking I think we are now in a much better position then we were 2 months ago, despite the corona virus which is effecting everything.......Maybe it was the only way China could beat Trump in their trade war.....
    As a strategic mineral, I am hoping our CEO is chasing further funding from our government.....At the moment we are all cashed up and looking towards production very soon.......picked up some more shares today.......at bargain prices...........Cheers.
 
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