"the reason they wanted it dissolved is because it was very opaque in how it affected the reporting of numbers coming in"
Would you care to back this statement with some facts. I am think it was because after 4 years of loss they shut it down and any opaqueness was only because of how the company chose to report it.
"If you have something conclusive showing that revenue won't be affected, please do share."
Did you not read the report???
"Currently processing only open pit material."
The JV was to process the LGS No processing = No revenue
In effect to shut the JV down EQR paid Cronimet $15 million for an asset that makes no revenue. Nice deal for Cronimet
The jury is excused.
Ann: Quarterly Activities and Cash Flow Report December 2023, page-33
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