It’s obvious that the company has encountered problems and the road to profitably has clearly been delayed as a result. I suspect that’s why they were not able to raise at 9 cents in the latest placement.
Nevertheless, this is a common problem with all mining companies but what’s more important is that they are slowly but surely improving the process and based on the latest webinar, hopefully it’s only a matter of time before we achieve profitability and become cash flow positive.
EQR Price at posting:
4.5¢ Sentiment: Buy Disclosure: Held
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