New Risk • Feb 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$28.9m market cap, or US$20.6m). Duyuru • Sep 25
Equatorial Resources Limited, Annual General Meeting, Nov 19, 2025 Equatorial Resources Limited, Annual General Meeting, Nov 19, 2025. New Risk • Sep 22
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (17% average weekly change). Market cap is less than US$100m (AU$28.9m market cap, or US$19.1m). New Risk • Mar 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.8m (US$9.95m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (AU$15.8m market cap, or US$9.95m). Board Change • Jan 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. Non-Executive Director Rob Behets was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Oct 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.1m (US$9.98m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 14% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$15.1m market cap, or US$9.98m). Duyuru • Sep 24
Equatorial Resources Limited, Annual General Meeting, Nov 19, 2024 Equatorial Resources Limited, Annual General Meeting, Nov 19, 2024. New Risk • Sep 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.8m (US$9.40m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 32% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$13.8m market cap, or US$9.40m). Board Change • Apr 11
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. Non-Executive Director Rob Behets was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Non-Executive Director Robert Behets was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Sep 22
Equatorial Resources Limited, Annual General Meeting, Nov 22, 2023 Equatorial Resources Limited, Annual General Meeting, Nov 22, 2023. New Risk • Aug 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 64% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (4.0% increase in shares outstanding). Market cap is less than US$100m (AU$20.3m market cap, or US$13.6m). Duyuru • Jul 31
Equatorial Resources Limited (ASX:EQX) completed the acquisition of Nimba Alliance Iron Ore Project in Guinea, West Africa from unknown sellers. Equatorial Resources Limited (ASX:EQX) entered into a conditional agreement to acquire Nimba Alliance Iron Ore Project in Guinea, West Africa from unknown sellers for AUD 1.5 million on April 21, 2023. Consideration for the acquisition comprises 5,000,000 fully paid ordinary shares in the Company at a deemed issue price of AUD 0.15 per Share to the Vendors upon settlement of Acquisition and a further 5,000,000 deferred shares in Equatorial at a deemed issue price of AUD 0.15 per Share to the Vendors upon the earlier of (i) renewal or (ii) extension of the Nimba West permit as each is determined in accordance with the Guinean Mining Code to the reasonable satisfaction of the Company. The Acquisition is subject to the Equatorial completing due diligence to its satisfaction and Equatorial and the Vendors obtaining all necessary regulatory, ministerial, or third party approvals required to complete the Acquisition. Completion of the Agreement is expected to occur within one month. If the conditions precedent are not satisfied on or before September 30, 2023, either party may give notice to the other party that the Agreement is terminated.
Equatorial Resources Limited (ASX:EQX) completed the acquisition of Nimba Alliance Iron Ore Project in Guinea, West Africa from unknown sellers on July 31, 2023. Equatorial has satisfied all conditions of the binding term sheet. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Non-Executive Director Robert Behets was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Sep 20
Equatorial Resources Limited, Annual General Meeting, Nov 16, 2022 Equatorial Resources Limited, Annual General Meeting, Nov 16, 2022. Board Change • Apr 29
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Non-Executive Director Robert Behets was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 22
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Non-Executive Director Robert Behets was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jun 16
Equatorial Resources to Be Deleted from Other OTC Equatorial Resources Ltd. Shs will be deleted from Other OTC effective June 15, 2021. The deletion is due to Inactive Security. Is New 90 Day High Low • Feb 28
New 90-day high: AU$0.34 The company is up 6.0% from its price of AU$0.33 on 30 November 2020. The Australian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 18% over the same period. Duyuru • Nov 19
Equatorial Resources Limited announced that it expects to receive AUD 0.45 million in funding Equatorial Resources Limited (ASX:EQX) announced that it will issue 1,500,000 common shares at a price of AUD 0.3 per share for the gross proceeds of AUD 450,000 on November 18, 2020. The transaction will include participation from John Welborn, incoming Managing Director and Chief Executive Officer of the company. The transaction is subject to approval from shareholder meeting to be held on January 20, 2021. The transaction is also expected to close on January 20, 2021. Is New 90 Day High Low • Nov 18
New 90-day high: AU$0.38 The company is up 33% from its price of AU$0.28 on 20 August 2020. The Australian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 3.0% over the same period. Is New 90 Day High Low • Oct 06
New 90-day high: AU$0.32 The company is up 14% from its price of AU$0.28 on 08 July 2020. The Australian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 3.0% over the same period. 