EQR eq resources limited

APT - slow steady climb...., page-59

  1. 917 Posts.
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    Yes gopherbroke
    I know what was said in the AGM and it was consistent with the September quarterly. I was also very hopeful that they would remain cash flow positive. Unfortunately things have not gone to plan since then. As Scottm said

    "The quarry is bridging the gap until the processing plant can handle the stockpile material via the Ore Sorter. This is where the real uplift in production will come from. At this stage they seem reluctant to put it through the retreatment plant until they are confident they can recover a high %.
    I'm not sure what an independent feed system is but it sounds like they need to bypass a part of the existing plant. Hopefully this isn't large capex and it can happen soon."

    With no new quarry contracts he knows that it can not bridge the gap past this quarter. They have owned the quarry for more than 18months and have landed only 1 material contract. When will the next one come???


 
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