Dear Alphastox Subscribers,
Make sure you keep Equitas Resources (TSXV:EQT) on watch right now! The company is in the midst of closing their second and final tranche of their financing and will be announcing the definitive agreement with Alta Floresta at the same time so make sure you stay tuned for that. Not sure if everyone noticed, but once the big Morgan Stanley offer of close to 1 million shares was taken out, the market started to rally from $0.045/share to $0.07 on big volume. EQT.V looks to be having another run similar to the one they had a while ago when the stock rallied from $0.05/share to over $0.20/share. Obviously this wasn’t an overnight trade but the company is positioning themselves to potentially have a similar move to the upside and in my mind, EQT has the goods to merit a much larger market cap than they ever did before. Six months ago, the company was plagued with exploration risk, but with the Alta Floresta deal they’re looking to close in the next few days, they’ll be able to showcase REAL cash flow- something every investor wants to see. As the company continues to grow, there’s no doubt in my mind that the stock will follow suit and reward shareholders that have believed in Kyler Hardy and his team. This is a team I love to support because they constantly work to create shareholder value and their hard work is starting to finally pay off right now. The market looks to have been cleaned up and I suspect more eyeballs to follow the name once they close their deal with Alta Floresta and start building cash flow.
I will have a more detailed report to come once the definitive agreement is signed and announced but in the meantime, make sure you keep EQT.V on your radar screens. This is a very exciting story that has a lot of potential to create shareholder’s substantial returns over the next 6-12 months. The full story will unfold in the coming months and I hope it paints a very bright picture for all of us shareholders very shortly.
As always, if you have any questions, please feel free to get in touch with me anytime. I look forward to hearing from you.
Disclosure: Transcend Capital Inc. is a shareholder and has been paid a consulting fee for conducting a review of the company