The Solaris connection!!Hello disapointed shareholders!
I have been a shareholder of EQX since its birth, it has been good to me. Lately it has disapointed for sure, however we are down with the gold sector, yes we have been weaker in general than GDX and GDXJ however with takeovers and mergers there is always much arbitrage and shenanigans going on. Not to mention the on going uncertainty in Mexico at Los Filos.
This will be resolved soon enough, as will gold price dirrection.
I have mentioned once before the Solaris connection. Solaris has a world class copper deposit maybe deposits. Equinox owns 30% approx. of Solaris plus the wts are connected. Solaris will be over $15 within 12 months ,possibly over $20.
The wts are a buy at this price. Think bigger picture, Yes I own a wack of Wts, I own them for reason, Ross owns 3 million, some will say 'no big deal he got them for free or at least cheap!,probably true,however Ross has a big ego and this is his closing encore! It will end well for us all. Much can change between now and Oct. Look at market volatility if you are unsure of such statements.
Yes we have a large short position, around 10mm shares last time I looked, remember this can be a good thing, As Warren Buffet has said when people are scared you should be a buyer.
A few months from now this will seem to be sage advice!! maybe sooner.
NRS