EQR 1.72% 5.7¢ eq resources limited

Ann: Financing Arrangements - Mt Carbine Quarry & Mining Leases, page-11

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  1. 2,291 Posts.
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    So they were using the $670,000 Quarry deposit to stay afloat,now they are saying the non refundable $130,000 it the new deposit.$8,000,000 still owing.That means they lost the $130,000 or did the quarry price go up to $8,130,000. Still haven't got finance for the Quarry with no money in the bank and a Capital raising coming.With the Lithium and Gold projects still needing funding and a crashing tungsten price I can see this Company is in huge trouble.They have too many projects on the go with no money and an unskilled management team lacking the skills to bring any project in to production.Very glad I sold out, more questions than answers with this announcement. CHEERS
 
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