What would I have to correct myself on? The recent raise and QIC funding has nothing to do with the existing debt held on Saloro, it's to rapidly expand the Mt Carbine output and resource through drilling. I've said elsewhere more recently on this forum that I want to see Mt Carbine and Saloro both showing positive operational cashflow but would still expect there to be investment in each of the mines, more specifically Mt Carbine, to grow their operation. I'm not thrilled with the terms of the raise and management's impatience in trying to expand but it's far from the end of the world if it shows positive growth in the resource and processing ability of the company.
EQR Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held
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