EQR 3.51% 5.5¢ eq resources limited

Ann: Mitsubishi Funding & MoU Update , page-19

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  1. 343 Posts.
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    Having been away for a while I am astounded at the complete lack of any "hard" progress.

    Mits have continued their stalling, handing over a pittance to keep the company from going bankrupt.

    Much easier to take over a company that's still technically solvent with a share price of .05 cents than a company in liquidation. How many of us would finally grasp a 2 cent offer for a share that is so thinly traded that it's impossible to sell a holding on market?

    Still a FAR cry from the good news that was delivered at the AGM.
 
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