I don't have a lot of time so quicky.
No I am not intending to take position in Almonty or EQR any time soon. Because I believe they are both well overpriced given their respective current state. Although I think your value proposition on Almonty is floored.
Yes, they are the biggest Yeppp. But to get there they bought Saloro, which is a financial albatross with its 40+ million of debt for EQR. As well as a distraction which IMO has led to the issues at MC. If EQR had not bought it and it went into care and maintenance, then all of that volume would have been removed from the market.
When you say, "I still believe that EQR will turn it around and make myself (and hopefully all shareholders) a profit in the near future". What is the date you are expecting???
For me, it is going to be a tuff year at MC with the stripping. At Saloro I just cannot see how it ever makes any real profit. The grade is just too low, and the ore sorters are not having the effect need. If you look at last quarter (Q2) the ore sorter feed was less than 10% of the gravity plant feed compared to nearly 25% at MC in Q1. Are you also willing to accept that they are now in year 2 of the mining plan?
Looks like we will get an update on the TMG deal this week. Like Saloro it going to add more debt / highly dilutive and the value-add equals???
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I don't have a lot of time so quicky.No I am not intending to...
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Last
3.3¢ |
Change
-0.003(7.04%) |
Mkt cap ! $96.62M |
Open | High | Low | Value | Volume |
3.6¢ | 3.6¢ | 3.3¢ | $126.8K | 3.669M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 16550 | 3.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.4¢ | 592894 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 16550 | 0.033 |
6 | 660550 | 0.032 |
2 | 596770 | 0.031 |
6 | 967000 | 0.030 |
3 | 1355561 | 0.029 |
Price($) | Vol. | No. |
---|---|---|
0.034 | 592894 | 2 |
0.035 | 267922 | 3 |
0.036 | 648620 | 6 |
0.037 | 515614 | 2 |
0.038 | 2956827 | 7 |
Last trade - 13.01pm 31/07/2025 (20 minute delay) ? |
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EQR (ASX) Chart |