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EQBM gold stock....


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Johnnyfive
PostPosted: Sun Oct 16, 2005 4:00 pm Post subject: EQBM gold stock.... Reply with quote

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It's a Gold play out of the Ontario region, it has mines located in the Red Lake mining camp. More then 25 million ounces of gold have been found in the surrounding areas. The property has 2 patented claims and 12 unpatented claims. Looks like with Gold heating up this could be a good specualative play.
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Johnnyfive
PostPosted: Mon Oct 31, 2005 8:12 am Post subject: Reply with quote

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EQBM moving up today as news spreads about location of important gold property. Red Lake is world renowned for high-grade gold, with Placer Dome’s Campbell Gold Mine and Goldcorp’ s Red Lake Mine, located approximately 3 kilometres to the east of Bonanza-Follansbee, being two of the highest grade gold mines in the world! Equitable Mining Corp (EQBM) announced its purchase of the "Bonanza Property" located in the prolific Red Lake mining camp Over 25 million ounces of gold have been produced from the Red Lake district since mining commenced in 1930
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bradleyt
PostPosted: Tue Nov 01, 2005 4:41 am Post subject: Reply with quote

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i was wondering what broker you use for stocks like EQBM, commissions on some rape you
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Johnnyfive
PostPosted: Tue Nov 01, 2005 6:07 am Post subject: Reply with quote

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Equitable Mining Corp. Red Lake Gold Properties close to new Drilling Activity
Gold mining giants focus attention on Red Lake properties near Equitable Mining claims
Nov 1, 2005 10:25:00 AM
TORONTO, Nov. 1 /PRNewswire-FirstCall/ - Equitable Mining Corporation (Pink Sheets: EQBM) is working on an evaluation of its newly acquired Red Lake properties now that GoldCorp has begun drilling nearby.

Recently GoldCorp Inc. announced a new drilling program on its Red Lake properties. It is also in a joint venture with Barrick Gold Corp. in the takeover of Placer Dome that would place assets near Red Lake in GoldCorp's hands.

Earlier this year Equitable Mining Corp. purchased 10 claims in Dome Township, Red Lake mining district. It now has a 43101 report by Clark Exploration Consulting Inc.

These claims border on the south of GoldCorp claims and west and south of Wolfden's claims. Wolfden's Drill Programs have completed 6 holes with multiple holes having visible gold. Wolfden has now expanded its drill program to three drill rigs.

The strike of the formation towards equitable claims, states that the geological setting is very similar to that at GoldCorp Red Lake Mine (3 miles east) and Placer Dome Campbell Mine (3 km east).

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements can be identified by the lead-in "Looking Forward". These statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements as a result of the effectiveness of management's strategies and decisions, general economic and business conditions, new or modified statutory or regulatory requirements, and changing price and market conditions.

SOURCE Equitable Mining Corp.
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Johnnyfive
PostPosted: Tue Nov 01, 2005 6:08 am Post subject: Reply with quote

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I use mytrack, only about 12.00 I really like the platform they have. With a stock like EQBM I never go -All In , I allocate some gambling money and boom, when I play a penny I try to play the hot sectors.
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Johnnyfive
PostPosted: Wed Nov 02, 2005 5:46 am Post subject: Reply with quote

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Looks like some solid bids are lined up EQBM getting some attention due to the regional news on the huge reserves in the Red Lake district.
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rykarde
PostPosted: Wed Nov 02, 2005 6:51 am Post subject: Reply with quote

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I hope my wife doesn't here about the gold .. then she might start looking for the diamonds also.... lol
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StatTrader
PostPosted: Wed Nov 02, 2005 3:35 pm Post subject: Reply with quote

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EQBM is extremely speculative. Yes, you might make a tidy bundle, but don't bet any more than you can comfortably lose.
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Johnnyfive
PostPosted: Thu Nov 03, 2005 7:48 am Post subject: Reply with quote

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Earlier this year Equitable Mining Corp. purchased 10 claims in Dome Township, Red Lake mining district. These claims border on the south of
GoldCorp claims and west and south of Wolfden's claims.
This mining property is referred to as the "Bonanza Property"

"THUNDER BAY, ON, Nov. 1 /CNW/ - WOLFDEN RESOURCES INC. (TSX:WLF - News) is pleased to announce that drilling continues to intersect significant gold grades in the sub-parallel zones identified on the Company's Bonanza- Follansbee Property in the Red Lake Mining District, Ontario"


BTW that is the way I treat any stock I buy especially a penny, never ever invest more then you can afford to lose, even if someone told me I could make 40,000 on GOOG I wouldn't do it if the risk was more then I could lose.
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haroldofair517
PostPosted: Tue Nov 08, 2005 10:32 am Post subject: Reply with quote

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I would give goldcorp more credit they are looking very good in the financials with debt and taking over smaller gold companies to expand their mines and gold income. Also with thier new CEO they are now not stocking up on gold in warehouses they are selling all of it, and i haven't decided whether or not this is a good thing. For the long run it could hurt if they were to have a bad year they will have nothing to fall back on but for the short term increases it defiantely seems to shed some light.
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