No problems. I've held EQR from back in the SEI days and like I said above I still see now as just the beginning. Until we hit positive cash flow I don't think EQR will move unless the price of tungsten starts moving. EQR talked a big game earlier on for Mt Carbine. It has taken a lot more dollars and a lot more time than stated and Mt Carbine is no where near where the BFS planned it to be. So while Mt Carbine has had a slow ramp up and to be honest has left a lot of us a little jaded and frustrated the EQR team have been off making big moves in the tungsten space. It is their foresight that will hopefully make us all a nice return on our hard earned money we have invested in them. EQR management put most other junior minors management to shame IMO.
However this is a small mining company in a very tough commodity so it brings a lot of risk. Another bad cyclone or two this wet season, Industrial action in Spain, Ferrotungsten plant deal falling through, tungsten price dropping, a global economic meltdown or any combination of them and any one of the many other risks could set us back many years.
Mt Carbine generally has a bad name due to its long history of failed re-openings. Tungsten also has a bad name attached to it when it comes to investing in mining due to Chinas previous ability to crash the global market and kill off all the western companies trying to run a Tungsten mine rinse and repeat. There are very few successful western tungsten companies currently. I think the Tungsten market has changed but it's rep will probably last to the end of time for most of the older generation that have lived its history and "know".
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No problems. I've held EQR from back in the SEI days and like I...
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Last
3.3¢ |
Change
-0.003(7.04%) |
Mkt cap ! $93.78M |
Open | High | Low | Value | Volume |
3.6¢ | 3.6¢ | 3.2¢ | $163.2K | 4.779M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 29276 | 3.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.4¢ | 500000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 29276 | 0.033 |
7 | 560550 | 0.032 |
3 | 628970 | 0.031 |
6 | 1050000 | 0.030 |
3 | 1355561 | 0.029 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 825695 | 6 |
0.037 | 295614 | 1 |
0.038 | 2956827 | 7 |
0.039 | 1652001 | 5 |
0.040 | 300000 | 1 |
Last trade - 16.10pm 31/07/2025 (20 minute delay) ? |
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EQR (ASX) Chart |