EQR 0.00% 4.2¢ eq resources limited

Self funding? Would you care to explain how on earth this could...

  1. 1,559 Posts.
    Self funding? Would you care to explain how on earth this could be self funding? Where have you been when the company announced that former phase 2 and phase 3 have been moved together to a hard rock phase which will cost us A$54M just to get it going?

    I wonder how many quarters it will take to just earn back the 3.8M or so that we had to pay in February. Or the 1M in extra expenses that the company had to pay for external experts just to figure out how to rectify the production issues. We are way under water and even in a best case scenario it will take a number of quarters just to make back what we have lost.

    Please don't blindly re-echo what the company had said many months ago. Have a look at actual figures and draw your own conclusions! There's a HUUUGE gap between the original plan and today's reality.
 
watchlist Created with Sketch. Add EQR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.