EQR 3.51% 5.5¢ eq resources limited

Ann: Mineral Resource & JORC 2012 Compliance Upda, page-5

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  1. 6,752 Posts.
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    re: Ann: Mineral Resource & JORC 2012 Complia... Andy we are all the verge of saying enough is just to much.
    At the AGM we were told the Mitsubishi negotiations were moving along and with time will be finalised and the $15m released.
    I'm starting to wonder what is happening as time has really slipped away from the board.
    Japan does not really stop over Christmas what is the delay now?
    The hing I can't understand is why don't the directors can't sort this.
    For the directors who get paid in shares like Jim you have had a pay cut of over 50% in last 12 months.
    Even if the news does come through a bounce of 100% would put price at 9c when it was 9c would have bounced to 18c. With the NPV of 61c a share this would need to b a 6-8 bagger to get to NPV
    Doubtful now!
 
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