the next eqh report is...

Well, after today's excellent report, the next report has already been flagged.

Taken from today's report:"Equamineral has already undertaken a detailed aeromagnetic and radiometric survey and a LiDAR (Light Detection and Ranging) survey which has generated a 3D structural framework of the topography. The results of these surveys will used in calculations determining potential areal distribution and tonnage estimates associated with any mineralized zone."

Wonder why this was mentioned in today's report? I'll give you 3 guesses.

You can't blame people for taking profits in a stock which has performed so outstandingly well but I think there is a grander plan here. I believe that today's report was a precursor to something bigger as I don't buy the line from the report that:

"The shareholders of Iron Africa Limited have recognised the changed market conditions and weakened Iron Ore price and agreed to cancel their free carried interest, transfer its shares in Equamineral Group Limited and forego its royalty interest in the Oyabi Iron project for a nominal consideration. The shareholders of Iron Africa Limited also have a significant direct interest in the shares of Equamineral and as such expect to benefit from any improvement in the position of Equamineral."

Perhaps that's just me being cynical but my cynicism has served me well in the past.

So, as I read the situation, in the short term, we should have a report with the results of the aeromag survey & the tonnage estimate which should be sufficient to keep the stock ticking over.

What is to follow after that is anyone's business but I will be eagerly hanging around to see.

Just as an aside, notice how NCO closed today? The flow through from EQH to NCO was always going to happen as NCO is dirt cheap at current levels given what they have reported.