Going to brag, this is nearly exactly what I expected! Production costs down but transferred to staff costs. net result good move but production costs small increase, in reality not as small as first stated. They were honest and did explain that there was a transfer. EQR is now in a position for profitability. Quarry back in business and providing a bit of sugar on top of the main game. I didn't like they spent another 3 Million on that environmental wall!!!! Hopefully last of it. Add this to the result and the money in bank increase's to over 6 million. Other purchase related to owner operator transition, to be expected. Capital raise? Doesn't appear likely now. I still see W prices are going to increase. Any increase will now have a significant affect on the profitability given the increased output. Likewise price decrease but I just don't see that occurring given the current world outlook for what is becoming a more critical metal.
EQR Price at posting:
4.9¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)