Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Equinox Gold Ord Shs T.EQX

Alternate Symbol(s):  EQX

Equinox Gold Corp. is a Canadian mining company operating entirely in the Americas, with eight producing gold mines. Its operating mines include Aurizona Gold Mine, Fazenda Gold Mine, Santa Luz Gold Mine, RDM Gold Mine, Los Filos Gold Mine, Castle Mountain Gold Mine, Mesquite Gold Mine and Greenstone Gold Mine. Its development projects include Greenstone Project, Los Filos Expansion, Castle Mountain Expansion, and Aurizona Expansion. Aurizona Gold Mine is an open-pit gold mine located in northeastern Brazil near the town of Godofredo Viana in Maranhao State. Greenstone Gold Mine is a multi-million-ounce gold project located in the top-tier mining jurisdiction of Ontario, Canada. Fazenda Gold Mine is located within the Maria Preta mining district in Bahia State, Brazil. RDM Gold Mine is located in Minas Gerais State, Brazil, about 560 kilometers (km) north of the state capital city of Belo Horizonte. The Los Filos Mine Complex is in Guerrero State, Mexico.


TSX:EQX - Post by User

Post by gwron Mar 05, 2021 5:22pm
384 Views
Post# 32734243

for sure the future is very good for Equinox

for sure the future is very good for EquinoxSo I get people being upset that management is getting more shares at this ridiculous valution of $10 which is grossly undervalued in my view and this is a departure from the past when they were fully aligned with shareholders.  I also think a share buyback statement in the market would help those shareholders who have been loyal and supportive of Equinox management and I also would love to see a small dividend only if to mess with the sdhort sellers.  Gold company management needs to learn something about counter acting shitt market forces in this day and age which are everywhere in the form of algo driven momentum.  This is one of the reasons this gold sector fails time and again as they simply don't understand markets and haven't for years but they have gotten good at cost control and value aquisition structure and legit project development and on this front Equinox excels better than most.

From my perspective I would have signalled a few weeks ago that equity financing would be done at $12 bucks which is serious value for those stepping up, plus announce share buyback and tell the market the company is considering a small one cent dividend as an intial approach to put the algo momentum boys and hedgies on alert, this would have been shareholder and market friendly for investors and shareholders alike.  Gold companies must learn to fight back in unfriendly markets in shareholders best interest and in future this may well include holding back and inventorying gold and huge dividends and buybacks even if done with debt although I dislike debt but this is the game for how to get big share price as per last many years on Wall Street.  Gold company management needs to learn or they will be run through the gauntlet endlessly.

For me I have added more Equinox this week at these low prices and even used some margin in doing so as I am confident bottom is in after the financing announced price and what I know to be excellent operational and acquisition managment, I just wish they would learn and be stronger in shareholder support in the best interest of all.  So even after adding I don't yet have what the Horsesmouth has suggested he has on the line but getting much closer.  He has paid the price and although I don't care for the constant refrain he has earned the right it seems to me.
<< Previous
Bullboard Posts
Next >>