volume

large volume being accumulated , 1.1m shares on a rising price.


http://www.internationalresourcejournal.com/brochures/2012
/Feb/Equatorial_Resources/file.pdf

"Equatorial’s first pass drilling will identify the
depth and consistency of the high grade haematite found at Badondo and, noting that the only downside of having so much iron is that it can be tough to drill, Welborn says that the team eagerly awaits the arrival of its specially built, heavy duty yet highly portable diamond drill rig currently on its way from Perth.

While perhaps overshadowed by Mayoko—and Equatorial’s break-neck speed progress at the flagship project—Badondo’s potential hasn’t gone amiss with the multinationals. It might not have fairly impacted the company’s market cap just yet, but if Sundance’s reception with Mbalam offers any indication, it’s possible that the scout campaign could pose massive re-rating implications for the company.

Interest swirls in Africa’s iron ore frontier
During 2011 a swell of multinational miners clamoured to
get into the ROC, not least Xstrata, Glencore, Hanlong, and most recently Exxaro Resources with a A$338-million cash takeover bid for African Iron;