Regal need $333m of tungsten sales before they get their money back. That's a big bet that they would have poured over the company and it would gone through lots of internal hurdles.
There is very little risk for us. If it works, Regal make a very good return as will the shareholders. If it doesn't then we would suffer anyway. If the price of tungsten falls, the Regal payment also goes down.
The progress over the last year is anything but a "gonna" company.
However, once again on a major announcement, we have the stock being sold down. Happens every time.
EQR Price at posting:
4.3¢ Sentiment: Buy Disclosure: Held
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