It is on a knives edge and could go either way...the CAPEX solution for me wont be as good as the Market is anticipating, I dont think they have enough quality product or volume of resource to be in a position to negotiate that, could be the major reason why it has taken so long..even it is a positive result I cant see the SP moving much above or beyond what it has been hovering around for the last 3 months in the near future...there are a lot of people wanting out of this Share but cant exit due to low liquidity...theres a snowflakes chance of getting the SP back to where is was 12 months ago...those days are well and truly gone...
I agree it doesnt take much for the SP to drop routinely on small volumes......but seriously look out below if the market gets a sniff of some bad news....blink and it will be down to 42cents as the top 20 get fed up sitting on a large loss whilst the market moves forward....
Still rated as a sell at the moment...
EQX Price at posting:
57.0¢ Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)