This was exactly my thought. My money is safer here in the long run than elsewhere, even if it dips another 5-10% over the coming month. And if it does, you better believe I'll be adding a little more once again.
We don't need to raise capital, we have very little sensitivity to interest rate changes other than the incorporation of higher yields from risk-free rate increases when calculating NPV/IRR, and we're cashflow positive from being able to successfully and economically produce tungsten. The other tungsten near-term producers (and any junior miners) are going to experience pain from all of the above along with their general project risk, which once again we have largely de-risked.
The only thing EQR needs to weather this short-term selling storm is more buyers, if any decent volume comes this will just get pushed up. It's not exactly the right market for someone to take a punt on a 'junior miner', but I think we all know this is not your typical junior miner and with the right marketing this should slingshot back up and higher. Here's hoping Morgans is out there spreading the good word.
I will say, my time horizon for returns is not short term. I'll be looking to hold this for the foreseeable future and I don't need the money in the meantime.
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Last
4.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $86.74M |
Open | High | Low | Value | Volume |
4.2¢ | 4.2¢ | 4.2¢ | $595 | 14.17K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 164923 | 4.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.5¢ | 74888 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 164923 | 0.042 |
3 | 128797 | 0.041 |
2 | 205443 | 0.040 |
1 | 53000 | 0.038 |
1 | 85710 | 0.035 |
Price($) | Vol. | No. |
---|---|---|
0.045 | 74888 | 1 |
0.046 | 202000 | 1 |
0.047 | 66000 | 1 |
0.048 | 826450 | 3 |
0.049 | 249998 | 1 |
Last trade - 13.32pm 30/07/2024 (20 minute delay) ? |
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