Post by
Horsesmouth2U on Apr 24, 2024 9:38am
THERE'S THE ANSWER
Market doesn't like the deal. Obviously paid too much for the 40%. 300,000shares traded in 2 minutes and down to the basement we ago once again. down 60 cents. Sad for the people yesterday that bought at 60 cents higher. Get used to it. This dog has disappointed for the last 3 years.
Comment by
Bosoxpj on Apr 24, 2024 10:02am
Everyone new this is coming. They have stated this was their plan all along. No one should be in this stock if they didn't plan for EQX to have to fund the additional 40%. I wouldn't be happpy if someone else bought it and DQX was running a mine for only 60 %. This was the overhang holding the stock back. By July this will be a great story.
Comment by
5oceans on Apr 24, 2024 10:33am
Ross got his 1mm oz producer company; just about, for now on paper. i have no doubt it'll get there though. Will he retire now? For the sake of the Industry I hope he keeps on gping. South America plays still have his energy pumped up i hope.
Comment by
MiningD on Apr 24, 2024 11:12am
The action or intent may not be a shock. But the price is. They basically paid full market value for 40% and are taking on debt to do it, which means a looser deal. id rather 60% and a billion more $$ available for another merge and real cost savings.