Well as I had said before there will be no profit this Qty and I am right again.
So lets look at what you said "So there should be very high confidence that Salaro is indeed profitable at present." . You were wrong again!!!
But Kevin has now put that to bed and confirmed that Saloro is still burning cash along with MC.
They have yet to be able to drawn down on the QIC loan. So I am thinking that is delaying the production increase needed to have a chance at profit. Further the QIC loan is for cap ex / extra spending, so the $4.5 million that they can spend from the last raise is not going to last long funding the corporate costs and the ongoing losses.
EQR Price at posting:
4.6¢ Sentiment: Sell Disclosure: Not Held
