Some very good points made below but looking at the chart/volume I think there is MUCH more chance we see the price rise from here than drift back below a cent...We are not going to see large profits tomorrow but all evidence shows that accelerated growth is taking place, potential of good news regarding more deals could be announced anyday, company has sufficient cash for next 6-10 months which is very positive..
If management can pull this off we may not need to raise cash again, we may be able to grow/expand through cash flow from improved sales..time will tell..This may not be a big rally and I also expect us to trade flat until more good news but I am hoping/expecting to go higher and hold above 1.1/1.3 cents
dyor-just my opinion
- Forums
- ASX - By Stock
- CNN
- Ann: Market Update-Updated
Ann: Market Update-Updated , page-15
Featured News
Add CNN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
EQN
EQUINOX RESOURCES LIMITED.
Zac Komur, MD & CEO
Zac Komur
MD & CEO
SPONSORED BY The Market Online