EQE 0.00% 5.0¢ equus mining limited

Expect another capital raise within the next month or two. More...

  1. 143 Posts.
    Expect another capital raise within the next month or two. More dilution. These guys are burning through cash with very little results. I just hope G. Toscan isn't silly enough to part with anymore of his money. No wonder the directors haven't purchased any shares on market.

    You only need to look back at previous announcements to see these guys are full of sh!t. The last capital raise was titled - "2.81M Placement to Expedite Drilling at Los Domos Project".

    “We would like to thank numerous long-term shareholders for their ongoing support as well as welcome several new shareholders to our register. With this funding we look forward to embarking on an aggressive drill program at Los Domos. While our initial earn-in program was conducted during an unusually harsh Chilean winter we now look forward to an 8-month window of solid drilling activity and news flow. Drilling is planned to recommence imminently. T1 will be our immediate drill target for which access is complete. Due to unseasonal levels of snow and rain during the winter this target was unable to be tested in our initial drill program. Surface work to date has reported material rock chip samples over a ~430m strike length making this a high priority target. T5 will also be drilled expediently where large scale phreatic brecciation and veining has been identified and is suggestive of a large precious metals target zone at depth beneath the one scout hole that was drilled in our first program. Follow-up drilling at T7 will continue to be focused along strike from LDD-001 where strong levels of precious and base metals were encountered at shallow depth."

    In almost a year now they've not mentioned the T1 and T5 targets and have moved focus towards Cerro Diablo. What does this tell you GT55?

    As you've suggested people should look back over previous announcements to see that the Directors haven't followed through on much to date but rather keep diverting people's attention from one prospective mine to another with nothing of substance thus far. The share price reflects this and expect it to be low 2c tomorrow with only $600K in the kitty.
 
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