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EQN - Equinox Minerals

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Is this what is causing the disappointing SP at the moment?
I can't believe how much this stock is being pumped compared to the rest of the resource stocks... 2 out of 3 days with 6 - 7% losses
 
Up over 15% so far on the TSX with 40m shares crossed at C$4.75!

Those Canucks sure can manipulate a stock - but who just spent $200 million on a stake?

$1bn of cashflow is just around the corner
 
hi all
I bought yesterday at 4.75. im pretty happy chappy. Whats casued the sudden surge? Just the changes in the substantial holdings? Copper wasnt up much.

cheers
alex
 
First Quantum (FM) announces 17% stake in EQN.

Stock up another 15% - through all time highs on good volume.


FM up 4% to $95.

Great buying, but they must be kicking themselves they didn't load-up under $1.
 
I'm kicking myself for selling at 1.30

Managed to buy back a couple of days ago.

Also noticed that CMC offer these on 10% leverage too Which I used 2 days ago
 
bvbfan said:
I'm kicking myself for selling at 1.30

Managed to buy back a couple of days ago.

Also noticed that CMC offer these on 10% leverage too Which I used 2 days ago
Click to expand...

Yeah I am kicking myself also, sold out from the last run and was going to buy back in around 4.50, just didn't drop far enough.

Was contemplating buying in two days ago, VERY annoyed I didn't. I can see a takeover attempt on the cards and I dont think this one will go for less than $8-9 IMO.
 
Any new news guys? This one is a bit quiet lately.. Would like to hear your thoughts. I should have got in a few days when there was a 4% drop

Thanks
kris
 
Prices go up and prices go down,

4% drop in one day in this stock is normal, it's the long term trend that's important, and in my view that's up. In 2-4 years i hope this one will 100% or more up.

Unless your a trader, them 4% drop is important

just my 2 cents worth
 
I actually hold two seperate shares in this stock.

One half is held for long-term growth and isnt touched.

Then I buy the same value worth when this stock gets hammered (I usually dont get it at the very low prices, but after around a 10% drop), then I sell once it has had its little boom once more. Repeat, repeat, repeat. Means I can make $$ off the long-run upward trend, and off its volatility. Worked throughout 2007 for me, and I intend to keep trying through 2008.
 
deep_is_blue said:
Is this what is causing the disappointing SP at the moment?
I can't believe how much this stock is being pumped compared to the rest of the resource stocks... 2 out of 3 days with 6 - 7% losses
Click to expand...

That is what caused its fall. Once EQN starts producing, copper supply will only increase and worsen the current overcapacity, driving down copper prices.

China and India are what continue to keep the copper price relatively stable, its the US and Europe of which are experiencing a lack in copper demand.

But just think, one day EQN will start mining uranium also. Just another reason for long-run growth.
 
Damn, price is out of control at the moment.

Definately didnt expect such a rapid rise and hope we get another big dip in price so I can get more cash on board.
 
Pretty weak close at the end of the day though on very high volume. Seems alot of people willing to sell. but i agree a further retrace on low volume would be a ideal buy based on chart observations. A drop below support at $6.60 could be a bit of a worry
 
With EPS over $1 as of 2009, very tempting if this one goes under $4.50 again.. which I think is very likely in the current market.

Any views on how much its earnings will be affected due to the slow down of the US/world economy?
 
Large amount of brokers getting back from Zambia this week and with full production only months away we could see a rerating in the next weeks.Tax issue seems to have been blown out of portion and might just be political football amongst the Zambians.Chest beating to appease the masses
 
I love this stock at the moment!

Got back on it 2 days ago. Love the fundamentals and it looks good technically also.

Higher lows over the past month, RSI just broke through the 50 mark signalling a bullish trend, along with a bullish MACD crossover.

Reistance around $5.67?

Only thing that scares me at the moment is the slowdown in the global economy and excess supply. Both moving in different directions, could have a big impact on the price of copper.......

I will hold for the time being anyways. Good move today against the market
 
Up 11% in Canada last night so I presume the 28 brokers who visited the minesite liked what they saw.Everything seems to be falling into place nicely
 
I bought at $1.85 in October 2006. Very happy with my purchase. I wish I put more into EQN but it wasn't to be.
 
Go you good thing!

My girlfriend saved some cash for a holiday and had it sitting in her money box (several thousand worth? WTF), so I told her I will invest it for her! ha ha. Bit risky but hey, put it in EQN and made 15% in about a week! Nearly 2 years worth of bank interest right there! Just wish the rest of my portolio performed as well!
 

haha nice work, she will thank you for once!

Yeah EQN is not bad maybe just some political risks

Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS -6.8 -6.5 45.8 143.0
DPS 0.0 0.0 0.0 24.3

 
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