Sounds like you've been given the good oil from a bad source Oilman.
EQX completed a rail study with the CFCO (the same one AKI are working on now) earlier this year before signing the Rail Funding Agreement.
AKI may be seen as very smart in 12minths tine. Sure they will not have advanced very far, but they are preserving cash in what looks to be a tough market.
EQX have built an airstrip at Mayoko (that AKI have been promising to do for 3 years!), completed independent port and rail studies, aggressive drilling campaign (will overtake AKI in meters drilled shortly), built a staff village, engaged the world's best environmental consultants for the required ESIA (that AKI have not started!), invested in heavy machinery, and started work at Badondo. Watch that burn into the cash balance,
In contrast AKI have not spent any real money and are getting market traction by telling people they are delivering on imaginary milestones. Might be a smart move,but the trick for Sage will be selling Cape Lamberts stake before AKI has to come clean that they have not done any real work towards production.
EQX Price at posting:
$1.65 Sentiment: Buy Disclosure: Held
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