Found this article on first quantum, it might rebalancing its portfolio after problems with a mine in the DRC, probably could not generate the credibility for any TO in the medium term on EQN so decided the cash was more important for its core activities which all need financing.
Would like to know where their stake on EQN ends up. I can dream it ends up split across a couple of majors.
"
TORONTO - First Quantum Minerals Ltd. (TSX:FM) lost US$124.4 million in its latest quarter as the company shut down its Frontier copper operation in the Democratic Republic of Congo, the company announced Tuesday.
The company, which keeps its books in U.S. dollars, said the loss amounted to $1.70 per diluted share for the quarter ended Sept. 30 compared with a profit of $148.6 million or $1.50 per diluted share a year ago
"
http://www.canadianbusiness.com/markets/headline_news/article.jsp?content=b5081734&page=1
Found this article on first quantum, it might rebalancing its...
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Last
26.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $32.82M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 26.5¢ | 26.5¢ | $230.0K | 1.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 20000 | 1 |
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| Last trade - 10.02am 04/09/2024 (20 minute delay) ? |
| EQN (ASX) Chart |