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It's above..........
It's above..........
C.$45m to achieve 150,000 TPA extra must be an error. I have messaged Thomas Gallagher for clarification.
It's only worth spending $50m increasing capacity by an extra 150,000 TPA if they have grades c 3g/t.
If they get 3g/t then at 850.000 TPA the market cap should be north of £250m, c 9 - 10p a share.
5 year old article....
Suspect there's more to it, possible deal with Aries, which EQT would have known is likely for a few weeks now, so possible hold back of Wood and other news.
With prejudice - they can't refile, extra good news.
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Wouldn't surprise me to see the Company succumb to an offer by the end of the year.
I'm concerned he may flounder and fall off his perch.
I'm concerned he may flounder and fall off his perch.
It's a lot of money for land in that part of the world. Obviously the buyer wants to be sure everything is in place. Maybe Eqtec will step in further down the line and raise funds to acquire it themselves if necessary.
Well done EML !
SeaTank, its a good post but I disagree to some parts. Teren Sai will be transformational but they still need to build an independent CIL plant similar to Seki to process the ore. The plant at Seki can process c 850,000 tonnes, its been done before and just needs enough equipment to put the ore into it. The plan is to actually increase capacity to 1m tonnes pa in the sort term though spending c $8m and then increase it to 2m tonnes over the next few years - that part I do question, but the reserves are there to supply that capacity.
Yep, good man.
Aandi, if those figures are correct then Align are doing their client a great disservice.
http://www.alignresearch.co.uk/cpt-company/eqtec/
They can get an RNS out anytime during Tuesday.....
Not that it matters too much but I've got it starting 1.30 California time?
You are allowed to transfer shares between spouses without attracting CGT. Check the Govt CGT website.
Don't get too excited Reg, that story is 2 months old and they have already stated the destination for that cash.
17 Nov 2020 — The cash proceeds from the Canadian gas turbine group's sale will be used to reduce debt.
However, I do expect positive news in another firm on a Wood deal.