Every now and then there’s a transaction that occurs in this market that makes you stop what your doing and rework your schedule to ensure some coverage gets on the story. We might be neck deep in earnings coverage that we’re way behind on, but we had to put that on pause to take a look at a transaction that has stirred the market.
That transaction is Equinox Gold’s (TSX: EQX) sale of their Nevada assets to Minera Alamos (TSXV: MAI). Which has left Minera shareholders feeling.. pretty peeved, to put things politely. Ironically, twitter user @MAI_bagholder put things best when they commented, “that moment when you thought you were pulling an Orla or Discover Silver type of move, but the market calls BS.”
Lets dive in.
Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
