EQX equatorial resources limited

Hi Squidd, IMO the only reason why EQX is not trading in the mid...

  1. 10,494 Posts.
    Hi Squidd, IMO the only reason why EQX is not trading in the mid 20's (for the time being at least) is because of the cash in the bank (which may possibly never be put into productive use).

    The potential problem for holders as I see is that the sp will continue to trend lower and lower (although cash burn will continue to be minimal) but the likelihood of a lack of progress and clarity (and because I don't see the possibly in the short to medium term of the company throwing in the towel and return the cash as capital to holders), IMO more holders may desert teh stock (as it could be a very long wait in search of some certainty) with sp trading substantially below cash backing.

    Once the sp is of a resonable point of entry (maybe in the low 20s), I may consider EQX as a speculative buy (not a speculative investment).
 
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(20min delay)
Last
15.0¢
Change
0.015(11.1%)
Mkt cap ! $19.71M
Open High Low Value Volume
14.5¢ 15.0¢ 14.5¢ $27.43K 185.7K

Buyers (Bids)

No. Vol. Price($)
1 100000 13.0¢
 

Sellers (Offers)

Price($) Vol. No.
15.5¢ 50000 1
View Market Depth
Last trade - 10.09am 19/06/2025 (20 minute delay) ?
EQX (ASX) Chart
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