EQI equigold nl

pick from "the inside trader" group

  1. 7,394 Posts.
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    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.

    IMPORTANT POINTS:
    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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