EQR eq resources limited

Ann: 2023 AGM CEO Presentation, page-99

  1. 916 Posts.
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    "Management has shown they are capable of multiple tasks at the same time (Spain, Wolfram Camp, Cronimet, MOU with Masan & Europe) all while adding further capacity at Carbine by adding team member's & equipment."

    Errr That's another hard no.

    Remember one of the reasons for buying the Quarry and LGS was to minimize dilution for shareholders. They have been in production for 4 years have not got near being a " profitable business " at Carbine.

    "given they don't have the full crushing plant in place"

    This is plant that was ordered back in March 2022. It was originally due to be delivered for production to start in Jan 2023. It was then delay until later in the year, before being delay again into next year.

    Now it's delay is the reason they can not hit there production numbers again.




 
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