Okay Rob, time to put up or shut up. Please provide evidence of the "fair(y) tales I have supposably posted. I will compare them to some of the stuff you have posted and we will see who is the realistic. Please note that when the offtake agreements were announced I warned the more enthusiastic posters that without knowing what the agreements were the potential for a cap raise was still very real, so you are not some Nostradamus by screaming I told you.
You still have not answered why you think that Salaro is well into its second year when it clearly is not. I ask again why does EQR say the Salaro will be net profitable sometimes between 6 and 9 months of operation when according to you it is well into its second year. I await your reply.
Who was it who said 30kT mtu was no where near enough for Salaoro to be profitable? its time to admit you were wrong.
Was I wrong about the rise of the APT price. No
Was I wrong saying such rise would increase the profit at Salaro to almost double. No (in fact yes, its more than doubled)
Were you wrong in stating that EQR burnt through nearly 10 million in the first month of the quarter. Yes
The most annoying thing about the cap raise for me is that once again we have been denied opportunity at a discount.
The raise means that the loan to the European banks does not need to be renegotiated, possibly saving around 200 k per month interest
The new ore sorter is purchased and installed, this is a tick
Creditors paid out. blah, if MC was performing as it should this would not be necessary.
Increased working capital, with price rise I believe this should not be needed, and is allowing dilution for nothing.
On offtakes, if the offtake agreement offers up front payment of 4 million, and 4 million of product is supplied to the off takers in the quarter (no apparent revenue) has the company burnt through 4 million. Of course the answer is NO, in fact in this scenario the consumption is zero. Unlikely to be the case in the agreements but I believe that with offtake agreement you cannot compare the up front payment without considering the supply of product under the agreement, In plain words what you have stated may not be the correct "cash burn". Please note the agreements are for Salaro out the unaudited profit for Salaro is considerably higher than what I first estimated from the quarterly, so my analysis may be more factual than yours.
And lastly, with your keyboard warrior skills tagging people in you have proven one thing
You are a Master Baiter
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