Wow ! There's another one faltering on their time lines.....a circa 2 year delay must be absolutely devastating though for all the shareholders - I feel for them And to cover costs they have had to reach out to shareholders for another $USD3.3M - but I hate to say that that might not be the last time shareholders kick the tin before production. They are quite a large organisation with massive overheads so this delay will cost dearly. Can shipping delays alone, be behind a 2 year delay though ? Or is there something else going on here ?
This is a difficult industry and whilst other aspirants (Pilars Bodo, King Island) are a long way from production, it does serve to emphasise the credentials,expertise and sound strategy that Kevin and team have been able to achieve, virtually without faltering on a timelined deliverable, to get us to this point.
Having been producing for the last 18 months, EQR is anything up to 3 or 4 years ahead of the pack
EQR Price at posting:
5.4¢ Sentiment: Buy Disclosure: Held
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