"No one said the process is easy."
Well I think you have said that.
Remember back in 2019, when you were spruiking the JV and Quarry.
"The JV is for tailings and stockpile. They will be profitable as they have already undertaken the testing. All the previous work and modelling undertaken by CNQ shows that. SEI will still receive a royalty from the JV and will have all the quarry income which is highly profitable as there is little cost due to the product has already been mined and sorted."
Now because of that lack of profit, they are heading to have 3 times the number of shares on issue. Which as you say is to many.
You bang on about Cronimet paying a premium for there shares, But they did not because no cash changed hands. To unwind the JV EQR shareholders keep 3 million in debt and gave up 8% of the company. While Cronimet keep there off take and get Saloro as well.
What did EQR shareholders get in return. A pile of "waste" ( your term ) Given they can not commercial exact the tungsten from it and the OC is producing million for tonnes of fresh rock, it's going to be there for another 20 years. So it looks like an other great deal for Cronimet.
How am I wrong regarding the crushing plant?
Has the Sandvik crushing and screeningplant that has a capacity of 350 metric tonnes per hour as per the March 2022 ASX release been installed or not? Is it's hold up because of a lack of cash?
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