11Mon·

$EQX (-5.06%) is massively lagging behind the gold price, but costs are steadily falling and the forecasts for mining are positive. I think the price will double within the next few months and I am invested.

11 Comments

Epi@Epi

11Mon

Why is Equinox lagging behind the gold price? Other mining companies of a similar size are performing much better at the moment. What is the market pricing in?

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Staatsmann@Staatsmann

11Mon

@Epi
Sideways movement for many years and no dividend means a loss of assets in reality.
The same money invested in a World ETF would at least have made money.

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Markus@Heidejaeger

11Mon

They have extremely high costs, many small mines that are not productive. My bet would be that they get the costs under control with the new Greenstone mine, which could become the biggest mine.

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Epi@Epi

11Mon

@Mreimer Ah, okay, THAT'S the speculation!
It's usually the industry's duds that lag in the cycle. The blue chips run first, then the capital trickles down the quality ladder. Equinox could therefore be one of the last stocks to have a run - but then a very good one!
So above all, you need to be patient 😉

I'm going with the momentum myself, enjoying the run in gold and the big players right now. I already have a foot in the door with the juniors, but the bigger entry will be when the capital rotates there. So quite possibly I'll be in Equinox when it runs. 😁

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Markus@Heidejaeger

11Mon

Absolutely, this position is speculative. New figures will be presented on 31.10. Here we will see how the costs have changed.

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Epi@Epi

11Mon

@Mreimer I suspect the figures won't make much difference. The outlook for costs and margins should be more decisive. Feel free to report, as I don't have individual stocks on my screen.

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Markus@Heidejaeger

11Mon

Gerne.

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Deleted User

11Mon

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