Equinox Gold Ord Shs T.EQX

CRAZY

[Horsesmouth2U]

So Solaris Resources is expected to rise to $20 within a year to 18 months and EQX Management decides to sell 11 Million Shares. One of the worst financing decisions I have ever seen. Who the heck is running this company anyway????
If the pundits are correct then EQX just gave away $140,000,000 million dollars of $$ over the next 18 months lets say.
Lets say they got $70,000,000 for the sale. Well if they borrowed that money the cost over 18 months might have been $10,000,000. A net difference of $130,000,000 dollars. Crazy!!!!!!!!!!!!!!!!!!!!
Also R. Beaty said they would not sell any shares of SLS. Again false with this sale.This sale is absolutely terrible in my opinion.

[savyinvestor333]

They need cash and don't want to issue shares at the current price. 

[Horsesmouth2U]

And again I say......BORROW THE MONEY AND PAY INTEREST ON IT. 100% better than giving away Solaris shares. I understand they don't want to issue more equity. Ross Beaty could easily do a debt deal with EQX. Will no longer believe anything these guys say and especially R. Beaty. 

[Dominion]

Wow, Solaris to rise to 18 to 20 dollars in 18 months. Even though there's more than likely a recession next year.  Sell your equinox and buy Solaris. Doesn't look like the markets took it negatively today. 

[Investgold01]

They still have 11M of shares with the warrants. So if 20$ is coming lime you said, it is still 200M+. Whats wrong about faking profit to make sure to get to the finish line with Greenstone? they have i-80 worth close to 250M. Bear creek!  beaty built Pan American silver . As i can see they just bought Yamana to become a manor gold producer. Yes he is not in the company anymore but

[Horsesmouth2U]

 Whats wrong about faking profit to make sure to get to the finish line with Greenstone? Did you understand my post? What is wrong is they could have borrowed the money and paid some interest instead. They would be ahead of the game by some $130MM or so. That is of course if SLS does get to the $20 range.  No matter what SLS gets to selling those shares was outright stupid IMO!!!! Time

[Gottheblues]

Better safe than sorry when it comes to finance Greenstone Project IMO.

[Investgold01]

I understood your post and clearly you have no experience in capital market to make this statement. Bc capital market is bad and they will need to pay 12% i interest. Too risky! Just cash some shares and keep a bundle for the long run. Thats how you lower your risk

[Horsesmouth2U]

You clearly don't know what you're talking about. So what if they have to pay 12% interest! Where is the risk?  Sell 11MM shares and keep 4MM shares....that's a bundle of shares. Even if SLS only went up $1 a share in a year more than pays the interest if borrowed. Don't speak of lowering risk when it doesn't make sense. Now if you want to talk about lowering IQ then you

[biker222]

cant believe horses mouth is questioning such a logical post / reponse to your critique of selling stock is portfolio . That from a capital markets point of view was a smart call. Financing with debt is just plain dumb in this enviroment. Anyone following this space knows that paying down debt has been prudent for the sector after previous debt fueled growth. This is the same horses that was

[Horsesmouth2U]

Well BIKER lets talk logic as you seemed to not pick that up in my post. Quite a few Analyists have Solaris as having the next World Class Copper Property. Have you been following the copper news lately? Overall they are saying a shortage for the next 10 years. Goldman has copper hitting an all time high next year. World Class properties are far and few in the mining world. THEREFORE..........By

[biker222]

first of all...if you are wrestling with "what pundits predict" in the price of solaris....then that is your first flaw in your logic!  Second if you agree with your logic then you should have exited equinox and load up the truck. Solaris is a long way away from $$ and will most likely require an equity raise before you see your lofty prices. Judging by the three year chart

[Horsesmouth2U]

There are times when you just can't argue with a complete moron. I couldn't write my previous post any easier. Do you even own shares in EQX? IMO there was a better way to temporarily raise capital than sell SLS. My opinion. Then to read a lot of blather (talk long-windedly without making very much sense.) You're a liar as well. I never, in any post, bragged how smart I am however