EQR eq resources limited

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sandfire

2,956 Posts.

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26/08/23

10:20

Post #: 69561871
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Originally posted by plonka ↑

“My main issue is that in the spec end of town where EQR sits”
The acquisition of Barruecopardo should play a major role in moving EQR out of the spec end of town IMO.

“I thought there was a sensible plan to resurrect MT Carbine”
There was and it has been put into play (yes it would have been nice to wait 6 months for Mt Carbine to materialise as the cash cow it should be, however the Saloro deal was 12 months in the making, so how long could they wait?)

“loved the application of the tech to increase recovery rates”
And it is this exact application of tech that will be applied to Barruecopardo which if Kevin and Tony and the rest of the board (not to mention Oaktree) know what they are doing should turn Barruecopardo into another cash cow like (near future) Mt Carbine

“The BOD's were focused and were hitting milestones” Do you not consider bringing in Barruecopardo to EQRs portfolio a milestone? From my view it's as if we went from one Mt Carbine to 2 Mt Carbines overnight. Not only producing and ramping up fast but also HUGE exploration potential.

“To specifically exclude this serious acquisition from shareholder approval was a red flag for me” It looks like an amazing deal to me, And it is possible the reason it was SO amazing was that the EQR board and Oaktree wanted to get it done with out further delay (No share holder approval). And on the positive side of things if you do not like the situation you can sell out at close to 5+ year highs.

I am hoping that we get a August update for Mt Carbine production and with any luck we get a Barruecopardo August production report to go with it.

GLTA

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What I don't understand is ....if the Barruecopardo plant is operated by very capable people, as the CEO has said,surely they would have been aware of XRT sorter possibilities. Why did they not trial one to improve recoveries before EQR became involved?
Or did Oaktree want to move on?

EQR Price at posting: 7.7¢ Sentiment: None Disclosure: Held
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