EQX 0.00% 12.0¢ equatorial resources limited

let me explain reality for you when EQX had $38M in cash and was...

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  1. 37,911 Posts.
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    let me explain reality for you

    when EQX had $38M in cash and was trading at 20 cents, this was because the market believed it would use that $38M in cash to develop its iron ore projects

    but unlike SDL, EQX have changed their plans & are no longer planning to waste their $$$ on expensive $77/t cost African iron ore

    instead of being an iron ore disaster like SDL, EQX is now a cash war chest

    with $40M, they might buy a chain of Pizza Huts for the Congo
    Last edited by ddzx: 18/09/15
 
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