Great quarterly.
Positives:
- Drilling is finding DSO at Mayoko.
- Two more rigs from Wallace Drilling on the ground
- Started work at Badondo
- Camp construction, airplane purchase, heavy equipment, and workforce all indicate management are 100% committed and confident to develop the project. This is no short term repackage and sell approach (a la AKI).
- Consultants being used are all best of breed, world class companies.
- Equatorial have a very positive relationship with teh Government.
- Environmental and community development work indicate management are doing the smart things well and again have a long term view on development.
- $80million in CASH!
Negatives:
- Only 3 holes drilled up until 30 June.
- Share price is not yet $10 !!!
- Project timeline not yet defined
I really like this company and the way they go about their business.
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Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $22.34M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 58210 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 33900 | 2 |
View Market Depth
| Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
| EQX (ASX) Chart |
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