Facts don't lie period. Most money is made
by sifting thru the B.S. Any stock that really moves does so by real revenue. This stock will have that.
Bottomline is the $19.2 million annually in revenue estimate from the Dalian project. That equates to .05 pps. 9+ times what it is trading for now. To get an approval from Chinese govt. to extract on Dalian project is huge. Proper steps are being taken to get to "the real". EQBM has identified a source of income from the tailings of this gold mine and have since gotten approval to proceed. EQBM recognizes that no larger player of gold mining would take the time to extract, so oppty exits.
Sure the MM's played the stock price shortterm, that's why as a pinkie trader you work with the knowledge of that and make shortterm profit, sell off at near top of upturn (Tech analysis)of charts, then buy in at drop- ie .006+-. Once revenue is established by the agreement finalized, MM's can't control because of volume and interest and therefore have to start covering. Then the stock price goes to .05 based on real revenue, not just hype. The real value of a stock is what the big traders look for, and then play the Technicals accordingly.
As in life, its all timing. EQBM as bashers would insist does not or is not involved in dilution or the cause of the pps dropping. However, the end result will be a stock price (esp. will price of gold on upturn) returning to its real value of .05 pps. The CEO has already stated that the extra 60M share increase was for participation of JV partners/Bankers to proceed with projects. I as an investor in EQBM do not mind a small amt. of increase of shares to have whoever is giving us the money to be involved thru share interest.
My opinion only, not a buy or sell recommendation.
