RE:RE:another property in Brasiligetmoney69 wrote: theer share count was at 326 million...eqt will b there soon...DILUTION..DILUTION ...still know why they did the last PP when they got 6 million..still havent got an awsner on that one...GUESSING THEY NEEDED TO GET PAID FOR DOING WHAT ...FUK ALL
Igetmoney,
It isn't hard to figure out why EQT did another PP and why they will have to do many more and dilute again.
It's simple, they cannot produce GOLD. The revolving gold loan requires the payback to be done with real gold dore bars/bullion to the tune of 2,100 ounce of gold for every $1 Millions dollars in loans taken out and the payback period for each million dollars is one year.
It will be years before EQT will ever access the gold loans. They first have to fund and build a CIL plant first through more PP and then actually have enough gold to process and send to a refiner so the finished product can be returned the Hedge Fund for payment in full.
This information has been stated here many times by the honest element of the site.
All of these pumping MF's hoodwinked everyone. Turn key production in Brazil my azz.
Maybe in 2018 if all goes well.