RE:RE:RE:RE:for anyone new to EQT, here is the full story.Most all of you guys are just spinning you're wheels. The retail market has spoken loud and clear and they do not like this company or its assets even as cheap as it is. I no longer feel that the management team is all that well respected either.
It took me awhile to get it, as even I was stunned that this did not participate in the gold rise from January.
The retail investor has sniffed out that EQT can't afford to access the revolving gold loan. As per the terms, they simply are unable to repay the loan in its stated requirement involving (gold bullion). They must have an operational CIL plant to produce the required amount of gold if everything goes perfect. They will only get those funds through new massive dilution outside of the revolving gold loan structure.
This is a huge road block to growth and one that most are missing. It a feed-back loop that leads directly to much more dilution taking place in the future. They need A to get to B, but B must be operational to pay A.
It doesn't matter if EQT gets its funding through the loan shark 160% interest payback revolving gold loan in PP form or from the man on the moon, the company will be diluted again and again.
With in six months this company will easily surpass 300,000,000 Million shares outstanding and then we will all be in a high percentage rollback story where the little man/woman investor takes it in the azz once again. I've seen this disgustion blue-print play out time and time again.
The retail investor has spoken by staying away.
Those are the facts and why I have sold most of my position.
aliasunknown wrote: radar, jethro signed off as Kyler Hardy not Sean. You know things aren't going well when the president of the company is trolling stock house lol
radar17 wrote:
Jethro kinda blew it and revealed he was an insider with that post yesterday using first-person narrative. Ooops! I had a good laugh at that wee boo-boo.
And jethro (or "Sean" if you prefer) that caesarsreport link you posted, gosh they wouldn't happen to have anything to do with Zimtu, now would they? The article was disgusting. They painted the metallurgy results as positive, completely failing to disclose the fact that the gravity recovery numbers were so abysmal they had to completely abandon use of a gravity plant. Seems like a rather glaring misrepresentation of the actual truth now doesn't it?
This kinda stuff is soooo slimey it makes me cringe.