'EQR is currently in negotiations with critical minerals investment funds, potentially both from government and privatesector, as a potential funding source for the company’s growth objectives for 2024, especially to support doubling of plantcapacity as announced by the Company.' - what the hell does this mean - more shareholder dilution on the way OR more debt.
Overall:
So they made 10 million and it cost them 18 million to make that 10. WTF!!
Logically then 1.6 million tons in a quarter would bring in 20 million against current production costs of 18 (which clearly would increase markedly) - so not even profitable at that output ?! Is that sort of output even forecast .....or possible.
No wonder the SP is where it is.
Ann: Quarterly Activities and Cash Flow Report March 2024, page-4
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