Like all the other announcements, the Market couldnt care less. But if the Quartley doesnt show profit OR well on the path to profit I expect the SP will be smashed soundly and rightly so. Im only guessing but I am pretty sure if I went back through the company announcements I wouldnt be surprised to find that they had forecast being profitable at a much lower production value than they currently are. Cant be bothered looking because it doesnt change where we are now, but it would explain at least some of the scepticism towards the stock.
Its profit or its nadda for EQR. And it doesnt matter how many new uses everyone can come up with for Tungsten, or how much of it is sitting in the ground - until they can get it out without losing money this company is going nowhere.
Like all the other announcements, the Market couldnt care less....
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4.5¢ |
Change
-0.001(2.17%) |
Mkt cap ! $92.91M | |||
| Open | High | Low | Value | Volume |
| 4.5¢ | 4.5¢ | 4.5¢ | $13.10K | 291.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200000 | 4.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.5¢ | 420000 | 1 |
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| Last trade - 10.36am 27/06/2024 (20 minute delay) ? |
| EQR (ASX) Chart |