Equinox Gold Ord Shs T.EQX

WHAT AN IDIOTIC MOVE

[PACO2]

For  $ 150  Million borrowed money they have screwed the shareholders out of 
approx $  445 Million - via share price today alone
313 mill shares X $ 1.42 share loss today  = $ 445 Million lost by shareholders today
This is insane
Who  was the idiot who orchestrated this ?

[ppp]

The market IMO over reacted. All they are doing is replacing debt they have with new debt at better rates. Convertible Notes In April 2019, the Company issued $139.7 million in convertible notes to Mubadala Investment Company (“Mubadala”) and Pacific Road Resources Funds (“Pacific Road”) (the “2019 Convertible Notes”). The 2019 Convertible Notes mature on

[PianoMan]

Exactly, that is why I published the National Bank piece which explains it. Many shareholders just read the first line or the title. Thx to them, I got back in at discount prices. It might be a few months wait but easy 20-40%.

[Howard46]

Agree with you and the "piano man". Considering all  in the pipeline this re- financing is an extremely responsible decision.

[PianoMan]

My post had a positive tone and I think management did the right thing considering where they were at  but I have one caveat. They needed to do this becasue they did not deliver on their past promises and the needed cash flow to pay this off was simply not there. Hence why they need to do stunts like this.  Shame on them and thx to some panicked shareholders, I was able to re-enter by