EQR eq resources limited
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Delays have occurred and EQR production last quarter missed...

  1. plonka
    1,200 Posts.
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    14/02/23
    17:18
    Post #: 66243673
    Delays have occurred and EQR production last quarter missed prior company comments by a long shot.

    However cash on hand is not an issue for now.
    -At the end of last quarter they had $2.7m
    -On the 4th of Jan they received the first $5m from the recent royalty deal with regal resources.
    -They are due to receive the second(final) tranche of $5m from the royalty deal on environmental sign off for the open cut this quarter.
    -Next quarter they are due to receive the next tranche of the CMAI 6million dollar grant. Previous allotment was $1.8m (30% with 70% to go)


    Of note is the potential for a second $10m royalty deal. If you are interested in EQR I advise having a look and running the numbers on the original royalty deal. It shows a lot of confidence in the project.



    EQR Price at posting: 5.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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Last
3.5¢ 		Change
0.001(2.94%) 		Mkt cap ! $90.01M
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3.4¢ 3.5¢ 3.3¢ $33.33K 973.3K

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No. Vol. Price($)
1 100000 3.4¢
 

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Price($) Vol. No.
3.5¢ 61211 1
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Last trade - 14.50pm 24/06/2025 (20 minute delay) ?
EQR (ASX) Chart
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