EQR eq resources limited

2.94%

3.5¢

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-14

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gopherbroke

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01/08/24

21:03

Post #: 75034653
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Originally posted by Rob1000: ↑

I have only had a very quick look. But it's clear why the cheer squad has not been posting.

O gtc61 There is not an accounting standard that could show Salaro at break even and with Capex spending flagged for the next quarter it is going to burn through more cash.

Yes I said that fuel would be up. But mining was down 25% so diesel was down. Not rocket science. So your one off cost re diesel used by the pumps was wrong as i said.

With mining down, production was down and it just takes longer to get to down to the good stuff.

Looking forward, is the drop in strip ratio at both mines going to continue???

Cash at bank on 30 June was just $3.5 million. They've burnt through $10 million in 3 months and they must be back to vapors now. This explains why they have not drawn down on the QIC loan. Like the mining being down the delays in the plant expansion just kick profitability down the road.

Guessing they need another $10 million and Masan is going to be be the next one to get a sweet deal.

That's before they need any cash to buy the next mine.

On a positive, like they are reporting in wo3 and looks like they have included more detail.

As for G6M yes ramp up continuing and costs well down. But it is meaningless until we see the July production numbers with the len 6 high grade ore hitting the plant and then there cap raise strategy.

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Ask G6M Mgt if Tomra's will work and if they have any planned for delivery/installation - there will be your answer. And while your at it, where will they get their funds to buy one - at $1m - $1.5M a pop that makes them a credit risk based on their Qtrly

EQR Price at posting: 4.2¢ Sentiment: Buy Disclosure: Held
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