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5.71% 16.5¢ equinox resources limited.

takeover of lundin mining, page-16

  1. jojosydney
    8,188 Posts.
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    28/02/11
    21:39
    Post #: 7970114
    Hi Flabert,

    The relationship between OZL and PNA during the GFC was DEBT which needed to be repayed.

    That why OZL had a fire sale and thats why PNA had to do a Capital raising.

    Equinox could be in the same situation if metal prices would fall, and if they are taking out $2.4 billion on debt.

    Hope this helps

    jojo
    EQN Price at posting: $6.22 Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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