It's quiet in here considering the action on the share price lately!
I personally don't believe this is takeover action. I simply believe that the cat is being let out of the bag - people are finally waking up to the incredible potential of EQN and the multiples of the present share price that will be reality when they start producing copper.
Another reason would be the realisation that high copper prices are going to be with us for longer than most anticipated. A LOT of analysts last year were predicting copper to fall back to around USD$1.20 per pound, instead, it is now USD$2.20 - have you all done sums on 150,000 tonnes of copper at a cost to EQN of $0.64 ??? We're talking BIG numbers here.
If all goes to plan, EQN will be $4 plus in 2008.
It's quiet in here considering the action on the share price...
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Last
25.5¢ |
Change
-0.030(10.5%) |
Mkt cap ! $31.58M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 28.0¢ | 25.5¢ | $113.1K | 425.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 46595 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 50000 | 1 |
View Market Depth
| Last trade - 15.59pm 05/08/2024 (20 minute delay) ? |
| EQN (ASX) Chart |