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Thread: EQR tungsten

  1. #1
    Junior Member
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    Default EQR tungsten

    Many years since I posted on Sharetrader but want to put up EQR for you consideration.
    Existing quarry near Cairns,last few years updating equipment and trialling tungsten sorters, local staff, local mkt for waste aggregate for roads.In Queensland and should qualify for state loans.
    Current partnership 50.50 with german comp Cronmet, specialist tungsten suppliers. Canadian chief exec, very experienced.
    Recent drilling has produced bonanza grades and will allow existing open pit to be extended before going underground.
    Should be no need for any more cash raises, just completing bank feasability.
    Tungsten a critical mineral with 80% from China, now above $322/ mtu
    Candles weekly and daily charts looking good
    I am already holding but will be buying more before bank feasability comes out (I hope)
    Should be 4 or 5 Bags at least

  2. #2
    FEAR n GREED JBmurc's Avatar
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    Default

    Sounds promising Micket will do some research on them when I get a chance .. BFS will certainly be a kicker If positive

  3. #3
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    A bit late I know,but EQR have just received a $20 mill loan from Queensland Gov. They have also picked up the largest tungsten mine in europe in spain for next to nothing, with the Oaktree hedgefund owner coming on board EQR.
    Tungsten has risen 25/30% in the last few months, and the USA has put a 25% tarriff on Chinese tungsten imports.
    Monthly candles chart looking good for a trade at least.

    THEY HAVE JUST DONE A CASH RAISE (at 4.5 cents by all accounts) so if you can buy when the share price drops back to this level, you should be set.

    Broker analyst recons it is worth 13 cents,but what would they know.

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