EQR eq resources limited

9.09%

3.6¢

Ann: Trading Halt, page-6

First 6 Last

Geeenius

3,845 Posts.

694

19/05/25

10:17

Post #: 79096294

Originally posted by scottm: ↑
Here is the term sheet.

A couple of observations.

1. Oaktree coming in for $8.75m. That's going to pay down the Spanish debt by 5m euro. You might have noticed in the Saloro credit facility extension it only covered 20m euro rather than 25m. This is why. This will take Oaktree to nearly 20% which is their limit, but it's a big vote of confidence.
2. while any cap raise can be disappointing, it was needed to a) improve the balance sheet b) get the 3rd order in Spain to lift production and c) get Mt Carbine to the higher grade material.
3. The tungsten price is now over $400mtu and rising, which is given a nice boost. The offtake agreement signed are at market prices.
4. Saloro already cashflow positive, just need MC to get to the higher grade.
5. The price is below where they wanted it, but the sell down last week forced them to set the price here.
6. I had a look at EQR and Almonty balance sheet. While we need our balance sheet improved, Almontys in worse position.

Summary
1
EQR AII
2
thousands thousands
3 Current Assets 25291 30202
4 Non Current Assets 162708 247939
5 TOTAL ASSETS 187999 278141
6

7 Current Liab 110576 47802
8 Non Current Liab 27471 213137
9 TOTAL LIAB 138047 260939
10

11 Asset-Liab 49952 17202

Expand
Thx for the details Scott! But we are likely to take a 30% hit on re-opening (from 5c to raise price of 3.5c) which must upset even you somewhat??

And what happened to the offtake prepayments (extract from announcement below) - with only 6 weeks to end of Q2 CY2025, surely we could have waited and at least partially offset the A$23M???

EQR Price at posting: 4.9¢ Sentiment: Hold Disclosure: Held

1 Upvote

0 Great analysis

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(20min delay)
Last 3.6¢		Change 0.003(9.09%)		Mkt cap ! $102.3M

Open	High	Low	Value	Volume
3.6¢	3.6¢	3.3¢	$102.3K	2.928M

Buyers (Bids)

No.	Vol.	Price($)
4	589826	3.4¢

Sellers (Offers)

Price($)	Vol.	No.
3.6¢	239999	1

View Market Depth

No.	Vol.	Price($)
3	519826	0.034
2	1035285	0.033
5	390550	0.032
3	478970	0.031
7	490000	0.030

Price($)	Vol.	No.
0.036	239999	1
0.037	500000	1
0.038	1856827	5
0.039	1352001	4
0.040	28571	1

Last trade - 16.10pm 01/08/2025 (20 minute delay)

EQR (ASX) Chart

Ann: Trading Halt, page-6

Legal Dispute: Why Is Deutsche Rohstoff AG Refusing to Deliver Almonty Industries CDIs?

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Featured News

Buyers (Bids)

Sellers (Offers)

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		Summary
1		EQR	AII
2		thousands	thousands
3	Current Assets	25291	30202
4	Non Current Assets	162708	247939
5	TOTAL ASSETS	187999	278141
6
7	Current Liab	110576	47802
8	Non Current Liab	27471	213137
9	TOTAL LIAB	138047	260939
10
11	Asset-Liab	49952	17202

Ann: Trading Halt, page-6

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Buyers (Bids)

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