nrDon´t like the nr.
Acquiring gold properties isn´t sexy at the moment to say the least.
The resources according to the nr are, well, let´s be friendly - small.
If the property is profitable yet is pure speculation.
Market doesn´t want speculation anymore - it wants facts. Numbers.
Financing the deal with a 100 % dilution - will be interesting how market is going to value the acquisition.
As stated above gold properties aren´t sexy and there are no numbers available that could convince otherwise i.e. production numbers of x ounces/year. Not saying EQT won´t profit from the deal longterm. But for the moment I don´t expect excitement and shareprice increase.
We´ll see ...