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EQN - Equinox Minerals

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If you check the last ann you will find that that cap raising is planned. This is what has been keeping the price down IMO.
 
Again didn't break thru the 1.65 resistance but could be like earlier this year when it bounced off this a few times before finally breaking thru. Technical report out on 17th - considerable detail on program
 
Stink, Looks like it's made a good base around $1.50. I haven't looked at the details about their projects or it's primary one, the Lumwana Copper Project in Zambia, but they say it's coming into production next year?? Good to be coming on line shortly with prices how they are. I assume it's unhedged as well?? How much copper is there?
 
construction has begun on this project

remember they have some of the best ground in the lumwana copper belt (full of copper) so who knows they may be able to bring 1,2 or even 3 lumwana's into production later on?
 
Based on reserves they are planning 150ktpa copper for 15 years. recent drilling results in surrounding land have been positive. this ore also has estimated 9500 tonnes of uranium

chart looks good IMO, failed to touch 1.40 support and now testing 1.70 resistance - if it can break that then 1.90 / 2.05 are next levels. turnaround was timed around BHP chile copper mine closing so resolution of that could see it turn down in ST. LT looks good IMO if all goes well with construction, bringing production online, country situation etc

do your own research...
 
Strong opening this morning, if it can maintain then next stop could be $1.90
 
Next stop $2.00 I reckon. Might have to get me some.
 
kennas said:
Doesn't look hot to me.

Just broken 200d ma and support around the $1.50 mark heading south.

Might find help around $1.30-1.35.
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Well Kennas you was kind enough to reply to my querry ,I bet you wished you'd jumped on board when it languishing at $1.38>$1.40 some weeks back.....I'm purring like a cat today whilst other stocks are metered deep RED!
 
3 veiws of a secret said:
Well Kennas you was kind enough to reply to my querry ,I bet you wished you'd jumped on board when it languishing at $1.38>$1.40 some weeks back.....I'm purring like a cat today whilst other stocks are metered deep RED!
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Yep, but it did get support at $1.35ish didn't it.
 
Pushed well through $1.80.

Where's that next resistance? $1.90.

Must say, this has been off my radar, but looking at the Lumwana Project, it looks pretty exciting. Mine life of 37 years, highly prospective region, possibiity for even further upgrades.....
 

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Since the Cdn$105mil at Cdn$1.40 a share deal was ann just a few minutes ago the stock has lost a few %. Musn't be that great. Your thoughts EQN holders?
 
Thats 1.65 - 1.66 AUD...

Thats a reasonable price for capital raising in anyones books...
 
Will this capital raising dilute the share capital and will we see fall in SP?
 
EQN looks to be heading back to now support at $1.70ish, or perhaps the placement price which equated to about $1.65?

Looks to be generally on the way up, even though it found resistance at $1.87, which was expected as seen on the chart.

Needs a little more considation, before testing it again.

I'm on this now.
 
kennas
think you're right - we'll see it hover around 1.65 support until offer closes on 15 sept - presume thats when placement is made and shares go ex-placement?
 
This has behaved well over the past week, after breaking up, but reduced vol really.

Should find some hard going around this point.

I thought the capital raising at effectively $1.65 would dampen enthusiasm for this, but obviously not. There's obviously a bit of support for this.

I got on at $1.82 with a target of $2.00. Might be there shortly.
 

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