While I do find Goedy a little too negative, I agree with his statement that money in the bank, or least a light at the end of the will be what will move the SP. I do think that is coming. This quarterly I don't expect it to cause the SP to explode, I just hope it is solid and showing a definite trend to profitability.
I have sad it before but consider the following concerning Salaro. It closed when the price of Tungsten Ore was 60% of what it is now, Recoveries were 38%, they are now 60 heading to 70. MC is similar.
Other drivers of the result - JV dissolved. It means more liabilities but twice the production for EQR. Net result is ???? - Goldings contract ended, replaced by in house, this should, by all analysis mean reduced costs - Quarry, nothing last quarter, surely must be seeing some action now, considering the events of last December. -Competitors falling over, bad because it creates negative sentiments, good as less competition, greater chance of price increases. Even if G6M gets going again it will be at east 12months behind schedule (sold equipment, cut work force)
Couple of weeks to go!
EQR Price at posting:
4.8¢ Sentiment: None Disclosure: Held
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