I'll be voting in favour of the LUNDIN bid, not in favour of M/Mets and waiting for a bidding war.this is totally premiture and undervalued bid
Some highlights below from jameslee2042 post
implying 85% growth over the coming five years. This mine is a baby only 2years old, i still remember the fire that destroyed the crusher.
EQN looks cheap as these expansions flow through. Price target to A$8.00/share with the inclusion of the Jabil Sayid asset. Citadel takeover achievement
(we haven't even had a single announcement about this project yet?? lets hope they release one soon to show the real value of this asset.) so preium to this price should be $9+
With the 20 largest holders hold 90.88%
Glad i bought some more at $5.08 after Lundin ann.
http://www.hotcopper.com.au/user_profile.asp?uid=165634
their full post below
Stock to watch ? EQN today announced that Minmetals Resources Limited intends to make an unsolicited offer to purchase all of the outstanding common shares of the Company at a price of C$7.00 per share
EQN is set to produce 260ktpa Cu in concentrate in 2015 (200ktpa from Lumwana, Zambia and 60ktpa from Jabil Sayid, Saudi Arabia) implying 85% growth over the coming five years.
EQN looks cheap as these expansions flow through. Price target to A$8.00/share with the inclusion of the Jabil Sayid asset.
The company performing strongly, recently upping CY2010 guidance to 140kt and confirming plans it will grow production in CY2011 154kt via optimisation of the existing Lumwana plant to 22Mtpa throughput.
Citadel takeover achievement - Under the existing plans Jabil Sayid will add 60ktpa production at a cash cost of US$0.91/lb.
The CGG deal should be a major positive for the company.
Generated an operating profit of $529 million in 2010, an increase of 170% compared to $196 million in 2009. An after tax profit of $269 million in 2010 was also generated compared to an after tax loss of $183 million in 2009.
Cash resources of $320 million at the end of 2010, an increase of 193% compared to $109 million in 2009. Quite good future outlook for the company.
Copper is today US$4.2347/lb, now the stock offers an attractive entry point.
With the 20 largest holders hold 90.88%, copper price future high again, SP will go up stably;
Target price A$8.00/share
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- i'll be voting in favour of the lundin bid,
EQN
equinox resources limited.
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7.6¢

I'll be voting in favour of the LUNDIN bid, not in favour of...
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Last
7.6¢ |
Change
0.001(1.33%) |
Mkt cap ! $11.81M |
Open | High | Low | Value | Volume |
7.6¢ | 7.6¢ | 7.6¢ | $684 | 9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 81000 | 7.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.0¢ | 60000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 81000 | 0.076 |
2 | 202552 | 0.075 |
1 | 150000 | 0.074 |
2 | 64285 | 0.070 |
1 | 14925 | 0.067 |
Price($) | Vol. | No. |
---|---|---|
0.080 | 60000 | 1 |
0.081 | 100000 | 1 |
0.085 | 161965 | 2 |
0.087 | 17361 | 1 |
0.089 | 95000 | 2 |
Last trade - 15.47pm 08/08/2025 (20 minute delay) ? |
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EQN (ASX) Chart |