Long slog - thats understating it by a margin. We are going backwards yet again!
After the 31% production increase I wrote the market was once again ignoring EQR because, and I feel sure about this given we have exhausted every other possiblility, there is still no money in the bank. I did hope that the Analysts predictions about profitability might be enough but it clearly isnt.
ScottM wrote'... the market appears to agree. What a load of hog wash?? This is a small resource stock trading in an unknown commodity which the general market knows very little to nothing about.'
Total rubbish. The market knows about tungsten. They have more than enough evidence from other companies that have gone under. And there are enough players out there that if they believed enough in this story they would be buying but they arent because cold hard cash in the bank is the only undeniable thing that will push the price up and keep it there.
EQR Price at posting:
4.8¢ Sentiment: Hold Disclosure: Held
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