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.