Doubleuj, I haven't looked at AUM, but thanks for the tip, I'll spend a couple of hours on it this afternoon.
Cincinnati Red, you're spot on - The project it too big for the big boys to ignore. I fear that Xstrata will move at some point and I doubt they'd be happy with just a percentage of it - they'd probably take the lot.
As for hedging, I can see where you're coming from, but with my personal view on metals, I think any hedging would be detrimental for the company. But hey, that's for EQN management and the bankers to decide. Either way, EQN are going to be ridiculously profitable.
Persuader
project status, page-5
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Last
29.5¢ |
Change
0.010(3.51%) |
Mkt cap ! $36.43M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.5¢ | 25.0¢ | $109.0K | 392.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 23392 | 2 |
View Market Depth
| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| EQN (ASX) Chart |