Ann: Saloro XRT Sorting Performance Update, page-70

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gopherbroke

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09/03/24

13:06

Post #: 72826406
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Originally posted by scottm: ↑

Agentari

Its a good question. While Kevin is a very good hands on CEO, he's not the only one driving this company.

Chairman Oli has been critical in maintaining Cronimet's commitment to the JV. He was the main player in the negotiations with Oaktree and delivering Saloro at a premium. He has been involved in discussions with Masan and strengthening relationship with the refinery and probably was in Canberra today while Kevin is in Toronto with Commonwealth Minister of Resources - Madeline King and the Qld Govt.

Tony the geologist & his team have improved the understanding of the deposit and is critical for the future development of the underground, Wolfram Camp and further drilling of Saloro.

There is a team behind Kevin who are delivering the operational development.

We have two large shareholders who have wide ranging resources and contacts & a technical agreement with Masan who have assisted with Spain.

This company is not a small tinpot miner who has some lifestyle assets. They are serious about building a world class tungsten producer.

While the recent share price is disappointing, we aren't the only ones struggling. We need positive cashflow to confirm that we are viable. The improvements via ore sorters are working to make that possible. The good news is we are in production and have cashflow. There are many that don't.

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scottm - you were quite correct - here is our Chairman having a one-on-one with Vietnam PM at the ASEAN summit in Canberra

Great to see - and very interesting at the same time !

EQR Price at posting: 4.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.9¢		Change -0.003(5.77%)		Mkt cap ! $109.6M

Open	High	Low	Value	Volume
5.1¢	5.1¢	4.8¢	$24.34K	490.9K

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No.	Vol.	Price($)
2	134117	4.7¢

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Price($)	Vol.	No.
5.0¢	37654	2

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No.	Vol.	Price($)
2	134117	0.047
2	43478	0.046
1	103000	0.045
1	65000	0.044
1	100	0.042

Price($)	Vol.	No.
0.050	37654	2
0.051	143408	2
0.052	124302	2
0.055	100000	1
0.057	369307	2

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Ann: Saloro XRT Sorting Performance Update, page-70

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