Nice to see they have cash in the bank now to progress their drilling campaign and take advantage of the commodity price surge. Im very surprised how well the price has held up. Makes me very confident now that we will hit my first target of 12p sooner than i was expecting. Good Luck all
Wow thats a nice surprise to come back to. Seems we have had some buying today and it clearly doesn't take much to get it moving. I think plenty will be positioning ahead of their copper drilling program which is due to commence in July. Certainly think we can trade at multiples of this level on decent results.
At these levels and low mcap i expect it to perform well when they start drilling and announcing results post the Due Dilligence period in the next 3 weeks. Mining is a hot sector and Copper/Gold is also a hot sector. This is the kind of company that can multibag with a wind behind it.
David Ciclitira now owns 27,534,871 shares which is 33.97% of the shares in issue.
He is more incentivised than anyone now to get the shareprice up.
As the lockdown eases and things start to open up, I expect the future to look alot brighter for LVCG
"The Placing puts us in a strong position to emerge from lockdown on the front foot and to continue with our growth strategy. With zoos now able to open in the UK - including those where we have our assets installed or soon to be installed. Our first Zoo in the US - JB Zoo has experienced record numbers during its opening weeks. We look forward to updating shareholders in due course on our progress.
I am also pleased to convert approximately 41% of my Loan into shares at the same price as the Placing is being undertaken, as I remain a strong believer in the equity story of our business."
Copper spot price is flying and i expect mining compnaies to be in play in the months ahead. This asset looks a real touch by Colin and the team. Esp paying for it in shares at 0.2p.
"The licence areaspans 92,310 hectares of the Matchless Copper Belt, with applications pending for a further 30,960 hectares. The project is to date estimated to host some 10.2mln tonnes of JORC compliant resources – with a copper grade of 1.9% and 0.3 grams per tonne gold – of which around 30% is classified as indicated resources."
Watch this space
I wonder how and why they managed to secure this new asset at such a premium 0.2p. Thats a real sign of confidence. I also like the fact Colin is putting his money where his mouth is.
" Hope Copper-Gold Project is in the Matchless Copper Belt in Namibia and has a 10.2 million tonnes JORC category grade of about 1.9% copper and 0.3 g/t of gold (approx. 30% resource tonnage classified in the "indicated" Mineral Resource category with the balance in the "inferred" Mineral Resource category)."
Should be quite a lot going on over the summer
So they have acquired 100% ownership of Virgo Resources who own multiple Gold/Copper licence areas. Looks like they are going to crack on and start drilling so we could get some action here next few weeks/months
Interesting they secured this at a 75% premium to shareprice at 0.2p. Part in shares not cash. Great news for holders
Gspanner... you are missing the point.
I am not saying EQT is neither over valued or under valued. That's irrelevant at this stage. Fundamentals play a secondary role to sentiment and TA short term.
It's quite clear. The chart is overextended after a 400% rise and needs a week or 2 in order to cool off. Backtest and find new orderflow support level. Volume is fantastic so it will do that and my guess is the 0.6p area makes sense.
And ref placing was just an observation regarding the announcement on Monday stating joint broker. From my 20 years experience that often means placing. But we will see
If i'm a deramper than 99% of the posters on here are rampers. Its just a pointless and misused label flung about by clueless retail traders.
It shows that people are emotional about a stock if they fail to engage in balanced discussions regarding the pro's and con's of a stock at certain levels, regardless of whether you are holding or not
I do have a vested interest in this stock. I have no position currently. I have held though and i will hold again.
I enjoy balanced conversation and don't get me wrong i really like EQT. Given it is trading £2.5m GBP of stock per day whatever i say on this char forum is irrelevant. Will not make a hint of difference to the shareprice. So anyone who says i am deramping for a cheaper entry is deluded and has no idea of the mechanics of the market.
EQT is overbought and over extended after a 400% rise. They have just appointed a new broker which is a warning sign to me. So when i see only positive posts about the shareprice going into orbit i feel its appropriate to add some balance.
For some reason these forums find it acceptable to ramp people into buying the top of the range, yet find it unacceptable to allow people to outline the potential risks at certain levels.
Now a couple weeks ago the risks i'm talking about didn't exist. It had a fantastic run from 0.2p. Now there are various short term risks to people buying at 0.8p+
Do you think its important to constantly keep reminding everyone of the constant upside potential here with a complete disregard for any downside risks short term??
e.g. new broker = placing likely or the fact its risen 400% and is massively overbought and over extended at 0.8p
I think in order to make a balanced decision on whether 0.8p is a good buy price you need to look at the pro's and cons. Hence both being discussed.
Alot of pressure on the shareprice at the moment from background sellers absorbing the retail buyers up here.
Looks like we are in for a red close.
Nice to add some balance here as whats the point of a discussion board with everyone just saying boom its going to 1.5p
It may well go there, i like the company. But lets not ignore the facts which are clear for all to see
At ease soldier put your imaginary 10k back in your pocket and buy some shares if you are that confident.
I don't do bets with random lse chat bolard members.
Good luck with your longs. Long term you will be fine. I've said my piece and backed it up with probabilities and rationale.
Appointment of Joint Broker
EQTEC plc (AIM: EQT), the technology solution company for waste gasification to energy projects, is pleased to announce the appointment of Arden Partners PLC as the Company's Joint Broker.
Do you think they appointed a joint broker 3 days ago for a laugh???
The only reason a joint broker is appointed is because theycome in and raise money.
20 years of experience of the small cap sector tells me that. So watch this space and you will see
Again i want to highlight its not a negative, it would put EQT in a healthy position to raise cash and consolidate the 400%+ rise past couple weeks.
Newbies piling in at 0.8p+ are more at risk of doing damage to theri accounts short term than those selling up here banking profits
Firstly how do you know i'm a 'him' ??
Secondly i leave my bias to one side and focus on price action and technicals.
Yes the future is very bright for EQT, that we do agree on. But having been in this game for 20 years i can tell when a shareprice has got ahead of itself and needs a cool off period.
They may or may not raise money but someone is dumping large quantities into this big volume and all will be revealed shortly.
For the record i'm a buyer at 0.6p and a seller towards 1p.
I don't gamble with bets. I trade long and short based on probabilties
Problem is after 400% rise in 2 weeks ther probabilities speak for themselves.
I'm not even negative on the company. I like EQT. But i also know that the chart is screaming overbought and at the very least needs a cool off period and consolidate. Which i think we are starting to see with the reversal candle today.
If we it close here or lower we wil llikely see more red tomorrow as it heads of 0.6p support.
Big chunky sells keep popping up.
Retail are chasing this up in the 0.8s whilst the big money is taking advantage of the liquidity to exit longs or get net short.
Thats just how these things work. Everyone wants to buy EQT at 0.8p whereas volumes were much lower at 0.2p. Classic buy the highs sell the lows from average joe punter.
Expect a decent pullback at the least from here