EQR eq resources limited

There is no fundamental reason to believe that Saloro was a poor...

  1. 1,355 Posts.
    lightbulb Created with Sketch. 228
    There is no fundamental reason to believe that Saloro was a poor decision - in my book, taking a mine from 90 tonnes per month to 150+ should be a positive to anyone (but I guess there can be a few obvious exceptions)
    An announcement of final Spanish approval of the Oaktree deal cannot be far away at which point they will be invested in EQR at $0.09 - the same premium price paid by Cronimet following the JV unwinding.
    At this point, it is my opinion that the wheels will kick into motion to not only lift the profile and economic importance of tungsten but also to encourage further investment into EQR - this would be a very wise move on both their parts given that the market overall seems to be a bit "cash strained" and not prepared to take the opportunity to invest at current levels in order to gain the uplift to either the Oaktree/Cronimet entry level of $0.09 or the Pac Partners/Morgans valuations of around $0.13 to $0.15

    Having both Cronimet and Oaktree inextricably linked to, and heavily invested in, EQR is a very powerful alliance (and lets not forget Masan in that either) and will almost certainly lift our profile to the attention of investors in the northern hemisphere - the very domain of Cronimet and Oaktree.

    Remember, Oaktree are a $USD200 billion asset manager company who just happen to be 62% owned by Brookfield Asset Management who are currently bidding for our own Origin Energy at about $11Bn

    There is absolutely no question the Saloro deal was the right deal and that we are now in very very good company.

    Scottm has already posted on this forum that the most immediate challenge in the ramp-up is the crushing - Kevin and team knew this was going to happen which is why they have the big Sandvik crusher coming in the new year - this will enable plant throughout to be elevated to another level with concentrate output to match.

    In terms of appetite for tungsten, it just keeps on increasing all the time with Nyobolt's new EV battery technology, due in 2024, probably having the most immediate effect apart from the obvious defense spending required with the various conflicts going on.

    Combine this with the recently announced Chinese export restrictions plus their own issues with mining and extraction (OH&S plus increasing costs) and we are left with a scenario that says there is only one way for the tungsten apt price to go.

    When this happens, and I have said this before, the gap between current share price and broker valuation will be closed very quickly.

    To Armitage specifically - take a look at the Saloro clip posted by binbin - out of left field, and with no mention of EQR, comes an article singing the praises of Saloro and how beneficially they have engaged with Tomra



 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
3.5¢
Change
0.001(2.94%)
Mkt cap ! $93.69M
Open High Low Value Volume
3.5¢ 3.5¢ 3.3¢ $13.51K 393.6K

Buyers (Bids)

No. Vol. Price($)
2 29706 3.4¢
 

Sellers (Offers)

Price($) Vol. No.
3.6¢ 150000 1
View Market Depth
Last trade - 15.17pm 20/06/2025 (20 minute delay) ?
EQR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.