EQR eq resources limited
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Morning Armitage shanks Have a look at the below images. The...

  1. Rob1000
    914 Posts.
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    14/02/23
    11:12
    Post #: 66232938
    Morning Armitage shanks
    Have a look at the below images. The first is from a July presentation and then from AR on the 30 of September. The latest update now says next QTY, with Scottm suggesting it won’t be until June.

    So the funds are not OK. The OC looks to me to be stalled until they can secure more cash. By that I mean cash in the bank. Based on last QTY they did not get near their production numbers with the quarry/re-treatment burning $175’000.00 per week.

    The missed production numbers and time lines does not provide a lot of confidence that the company and get the OC up and running and be profitable.

    https://hotcopper.com.au/data/attachments/5050/5050625-e7a78d62ac95f6c3f9fabd40333e9e4d.jpg
    https://hotcopper.com.au/data/attachments/5050/5050637-aa5b794d4a00175ee958899e8c2296d1.jpg

    EQR Price at posting: 4.9¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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