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EQX - EQUATORIAL RESOURCES LIMITED


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Good work Andrew,I,m glad someone else is watching EQX.This stock has been in an uptrend channel for the last 4months or so.With some very positive announcements out in the last week EQX is going places.On the 21/11/03 the SP closed 0.50cents, the chart suggests that this is a good support level for the stock.But more positively the SP only has to close above 0.55cents or there abouts and we will see a further breakout in the SP.A move up to$1.00-1.50 is very possible.Remember to there are only 24.5m shares on issue..KeepWATCHING EQX over the next few days it should'nt disappoint.
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IN REPLY TO A POST BY goldilocks, Tue 16/12/03 02:31pm   [READ POST]

The SP has settled in at 0.36cents a support level that last took it to 0.51cents.Having tested this high and slipping back to 0.36 the chart strongly suggests a move to 0.40 soon. 0.44 0.52 0.64 1.00 should follow.

starting 19/1/04. .43 .48 .56 .68 1.07

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I have been following EQITX for 4 years now.In the last 12-18 months the company has been carefully positioning itself in the biotech sector.Early this week it announced a second aquisition worth 3.5 million dollars.On the 20/1 the SP moved up .03c to settle at 0.44c.On the 21/1 a close of 0.43.IMHO there should be increasing interest and activity in EQX from here.Around 2 months ago highs of 0.51c were tested.If the SP closes at around 0.47c today and breaches the 0.51c resistance tomorrow or soon after this will be very positive.This stock has the capacity to go to a 1.50c.Thats tripling your investment,you cant complain about that.Anyway this is only my view and thankyou to this well designed forum for letting me onboard..
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IN REPLY TO A POST BY goldilocks, Thu 22/01/04 09:03am   [READ POST]

I have been following EQITX for 4 years now.In the last 12-18 months the company has been carefully positioning itself in the biotech sector.Early this week it announced a second aquisition worth 3.5 million dollars.On the 20/1 the SP moved up .03c to settle at 0.44c.On the 21/1 a close of 0.43.IMHO there should be increasing interest and activity in EQX from here.Around 2 months ago highs of 0.51c were tested.If the SP closes at around 0.47c today and breaches the 0.51c resistance tomorrow or soon after this will be very positive.This stock has the capacity to go to a 1.50c.Thats tripling your investment,you cant complain about that.Anyway this is only my view and thankyou to this well designed forum for letting me onboard..

EQITX building up for a nice move up.Expect a close of 0.40 today.Wait until next week to see the bigger moves.

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Anyone have views on this stock? I hold but am concerned given the very thin market depth. Very few buyers - some have even put in buys at half the current price. What happens if the next few buyers are able to satisfy their orders? Could the share price plummet?

 

Buyers:

 

Number Quantity Price

2 21047 0.300

2 28000 0.290

2 25000 0.150

 

Sellers

 

Price Quantity Number

0.325 7500 1

0.345 30000 1

0.350 10000 1

0.360 13300 1

0.380 105500 3

0.385 23114 1

0.400 5000 1

0.440 30000 1

0.450 19500 2

0.460 2000 1

 

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