Of course it's a takeover target - with that much copper production coming online in years time, the big boys would be doing some serious due diligence.
It would be devastating to see it happen though. Africa doesn't suit the risk-profiles of many miners, so I dare say it would be a single company take-over situation (ie, no auction). So a big predator could snap it up for around $3 a share at the moment. Chicken feed for many many majors.
EQN needs to avoid this and just grow itself organically by making the market more aware of the potential it has and by meeting or exceeding forecasts for the Lumwana project. To bring the project to production on-time would be a huge achievment and would be applauded by the market.
Of course EQN's price will also be dictated to a certain extent by the price of copper.
Persuader.
Of course it's a takeover target - with that much copper...
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Last
32.5¢ |
Change
0.010(3.17%) |
Mkt cap ! $40.13M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 33.5¢ | 31.5¢ | $109.5K | 335.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24182 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 100000 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| EQN (ASX) Chart |