EQR eq resources limited

Ann: EQR acquires Tungsten Producer and Secures $25M Funding, page-38

  1. 2,872 Posts.
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    IMG_8726.jpeg Am I reading this correctly? We paid EUR1 to take over EUR80,000,000 worth of loans owed by Saoro to Oaktree? How is this a benefit?

    Also, considering we and Kevin know much EQR is actually worth, I too feel that we gave up 15% of our company for too little… especially considering how much debt we have taken responsibility for.

    Hopefully they provide more details in their presentation…
 
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