The QIC deal was turned down for a reason(s) and we are probably never likely to know the whole story probably due to 1) commercial in confidence issues 2) not wanting to burn bridges with the State Govt & 3) were they going to draw on it given interest from a range of global players (users, govt & other financiers).
The re-issue of raising has been a cock up, but I'm not sure it's a hanging offence. We are yet to see what they have planned, so any statements are guess work at best.
I think this is a good reminder than we are still investing in a small mining stock that has risk, shit happens and things don't always go to plan. However, I am still happy to be here and I have been here longer than most (I bought in as Icon Resources), but have $$ cost averaged over time to still be in front.
There are still only a few Western players in the world. G6M and Tungsten West aren't coming back. Almonty needs more funding to finish off Sandong and Biden increased Chinese tariffs by 25% overnight. The price is likely to increase but when is the question. That is the risk we take when investing in the mining sector (a minor but critical metal).
EQR Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held
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