Equatorial Resources Ltd ASX: EQX
Trading below Net Tangible Asset Value.
EQX directors include Ian Middlemas, Mark Pearce and Robert Behets.
EQX holds 34,222,223 ordinary shares in SO4 at an average cost of A$0.47. Current value $16,597,000.
Cash balance is $24,279,000. Total cash and SO4 shares $40,876,000.
EQX market cap $34,840,000. Enterprise value -$6,036,000
Will be in the ASX 200 if near production gold asset acquired.
News before AGM.
