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4.9¢ eq resources limited

Thanks for that valid and positive summary.

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GreatWA

3,666 Posts.

379

13/03/24

14:57

Post #: 72866338
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Originally posted by gopherbroke: ↑

I get where you are coming from - I agree and believe that they will have a period of "consolidation" - BUT, I suspect it will be the briefest of consolidation periods.

They have repeatedly outlined their acquisition strategy and have identified the locale of their targets - distressed mines in Qld and Spain (Iberia).

They are looking to build a base and the best time to do it is about now - before the tungsten price starts to run.

And dont forget, they now have some good size muscle on the register in Oaktree and Cronimet - and perhaps even more importantly, Masan Group, a hugely diversified and commodity driven group.

Masan want product and the other two want price appreciation - working together, it WILL happen !

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Thanks for that valid and positive summary.

EQR Price at posting: 5.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.9¢		Change -0.002(3.92%)		Mkt cap ! $91.08M

Open	High	Low	Value	Volume
5.1¢	5.1¢	4.9¢	$77.39K	1.543M

Buyers (Bids)

No.	Vol.	Price($)
3	620100	4.7¢

Sellers (Offers)

Price($)	Vol.	No.
5.1¢	30360	1

View Market Depth

No.	Vol.	Price($)
3	620100	0.047
2	115000	0.046
1	221000	0.045
1	100000	0.042
1	16500	0.040

Price($)	Vol.	No.
0.051	30360	1
0.052	13200	1
0.053	863471	4
0.054	1317054	3
0.055	659999	2

Last trade - 15.06pm 03/05/2024 (20 minute delay)


Last 4.9¢			Change -0.002 ( 2.00 %)
Open	High		Low	Volume
5.1¢	5.1¢		4.9¢	206758
Last updated 15.06pm 03/05/2024 ?

EQR (ASX) Chart