EQR eq resources limited

2.94%

3.5¢

" I might be dead wrong " - might ? might ? gimme a breakSo in...

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gopherbroke

1,355 Posts.

228

05/08/24

14:01

Post #: 75074377
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Originally posted by goedy: ↑

'The market is a snap shot in time of moods, rather than facts.' - I know we have argued this before, but to me it is a snap shot of the future. Yes it is caught unawares at times, which explains the huge one day increases and decreases you see on occasion. But mostly it is in a trend situation which aligns with an orderly flow of information to the market.
But if there is one thing the market universally retreats from is when risk is piled on risk. That is the strategy Eqr are pursuing here. Lobbing that on top of their failure to achieve profit with the open cut stage of Mt Cabine, I believe, is the reason for the depth that we see atm. I might be dead wrong - who can tell the reasons someone wakes in the morning and decides to sell their holding.

Can I explain why G6M hasnt followed them down today despite the newspaper article? Probably not. But if I were to guess I think they are in an oversold situation, given the high they started from 18 months ago, where they are now and the lack of any significant bounce on the way down; which is temporarily detaching the SP from the fundamentals of the stock. And this is actually a sign that if they were to release any good news the stock has a very good chance of rebounding hard.

Thankfully some buyers are coming on for EQR as I type. Lets hope the Sept qtr has the news we are all looking for.

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" I might be dead wrong " - might ? might ? gimme a break

So in the case of G6M, it can "temporarily detach itself from the market " but EQR remains attached to the market and presents an almost perfect picture of the future expectations ?

Perhaps you might entertain us with a deeper explanation of that illogical logic

EQR Price at posting: 4.2¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 3.5¢		Change 0.001(2.94%)		Mkt cap ! $93.69M

Open	High	Low	Value	Volume
3.5¢	3.5¢	3.3¢	$13.51K	393.6K

Buyers (Bids)

No.	Vol.	Price($)
2	29706	3.4¢

Sellers (Offers)

Price($)	Vol.	No.
3.6¢	150000	1

View Market Depth

No.	Vol.	Price($)
2	29706	0.034
9	1480585	0.033
4	333750	0.032
2	508000	0.031
6	836699	0.030

Price($)	Vol.	No.
0.036	150000	1
0.037	76315	2
0.038	475640	3
0.039	1110000	3
0.040	445847	1

Last trade - 15.17pm 20/06/2025 (20 minute delay)

EQR (ASX) Chart

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