Looks like we might be stuck in this range until further information released regarding Scoping Study, infrastructure agreements, & CAPEX funding arrangements. IMO you need to be patient with African Iron ore at the moment, the gloss has come off the players in the area and the market wants proof that projects can actually be developed I think. It's a buying opportunity if you think the Scoping Study will be positive and the CAPEX is going to be able to be funded. This means the company will either get into development or being taken out.
The up side is that there hasn't been any substanital holder notices received indicating sell downs, so the major players are still holding.
What are people's thoughts on whether infrastructure agreements need to be locked in with the Government before the Scoping Study is released? I would have thought so, so that the company can use the correct OPEX regarding rail haulage and port useage?
EQX Price at posting:
$1.38 Sentiment: Buy Disclosure: Held
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