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EQI 0.0¢

pick from "the inside trader" group

  1. Timetotrade

    6,910 Posts.
    Their report from yesterday read...

    This weeks Stock Pick is the EQUIGOLD Ltd (EQI)

    This is the last one for the year. Lets hope its a good one.
    EQUIGOLD Ltd is a long established gold explorer and producer with operations in Qld, W.A. and West Africa.
    It has interests in 3 major operations. The Kirkalocka project in Western Australia has estimated a gold reserve at the project of 302,000 ounces. Mt Rawdon in Qld has just increased its gold reserves to 1.3 million ounces and is producing at a cash cost of $301 per ounce. It has just made a significant gold discovery in the Ivory Coast, West Africa estimated to be at 1.3 million ounces.

    A lot of Directors have been buying in recent times.
    CBA has just increased its stake to 9.11%
    Gold is at a 5 year high
    Gold reserves have increased recently
    Share price appears to be rising again.

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