EQR
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6.82% 4.7¢ eq resources limited

i think you'd prefer them to become profitable without the...

  1. goedy
    460 Posts.
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    07/05/24
    08:28
    Post #: 73696140
    i think you'd prefer them to become profitable without the assistance of a spiking tungsten price. It should be the 'icing on the cake', not the ONLY pathway to profit. These parabolic rises never last, just look at what has happened with Lithium in the last 6 months. Several mines are finished after the price collapsed. We do NOT want to be reliant on a sky high tungsten price and it certainly wasnt in the companies narrative 2 years ago - they were going to cash positive with the prices back then!
    EQR Price at posting: 5.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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