Added to YB: 2026-06-23
Pitch date: 2026-06-19
EQX.AX [neutral]
Equatorial Resources Limited
Author Info
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Company Info
Equatorial Resources Limited engages in mineral exploration activities in the Republic of Congo and the Republic of Guinea.
Market Cap
AUD 20.4M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
-2.82
EV/Sales
N/A
Sector
Metals and Mining
Category
special_situation
EQX’s Billion-Dollar Claim Against Congo: My Take
EQX.AX (pass): A$20-25M mkt cap iron ore co w/ ICSID claim vs Congo up to US$1.25B (US$1.9B w/ interest). Counterclaims dismissed Jan 2024; award due late 2026. Legal case strong, but Congo won't even pay tribunal-ordered A$1.2M cost (overdue 9mo). Clifford Chance billing dispute adds friction. Per Commisimpex precedent, recovery may be single-digit % after years of enforcement. Author waits for Congo to pay before treating asymmetry as real.
Read full article (5 min)