gertje54

EQBM is likely to make a short squeeze next days. CEO announced news after a long period of radiosilence.
Divident news:
CHEYENNE, WY, Nov 13, 2006 /PRNewswire-FirstCall via COMTEX/ -- Equitable Mining Corp. (EQUITABLE), a resource company trading as EQBL on PinkSheets.com and E5W on the Frankfurt Exchange, is selling assets to Soma Petroleum Limited (SOMA) an oil and gas resource company in exchange for SOMA shares.

This is being done to enable EQUITABLE to partner with SOMA in joint ventures worldwide. SOMA has far reaching connections and partnerships in the African market. EQUITABLE is selling fifty percent of its oil and gas leaseholds in Somaliland (East Africa) in exchange for cash and marketable securities.

The company, will in turn, issue as a dividend the shares it owns in SOMA to EQUITABLE shareholders on record as of November 24, 2006. The shares will be distributed as a special unit containing one share of SOMA and a warrant to purchase an additional share at $0.78 USD for every fifty shares of EQUITABLE. The warrant has an expiry date of December 24, 2006.

Details on the dividend transfer and the warrant issue will be released later this week.

"This transaction will allow EQUITABLE shareholders to realize value in the company's assets," said Mr. Lawrence Skolnik, EQUITABLE President.

This means that shorts are able to cover till end of the week. Estimated number of short shares 50-100 mill. according to ****.

China news:
CHEYENNE, WY, Nov 14, 2006 /PRNewswire-FirstCall via COMTEX/ -- Equitable Mining Corp. (EQUITABLE), a resource company trading as EQBM on PinkSheets.com and E5W on the Frankfurt Exchange, is meeting with the principals of the Dalian Mine Tailings site in Beijing, China later this week.

"We are excited about having the Dalian project move forward," said Larry Skolnik, president of Equitable.

The Dalian acquisition covers the mineral rights to 220,000 square meters of land leased from the government for 25 years and includes 5.2 million tons of mine tailings plus infrastructure in place including roads, electricity, water, fencing, storm sewer, transportation and one production line. To date $7 million has been invested in the project by H.M.H. and D.A.K. Once the acquisition is complete Equitable Mining Corp. plans to increase production to three lines within the first eight months. The company will utilize D.A.K.'s environmentally friendly leaching process to extract the mineral deposits.

Probably this (or next) week news from Frankfort, possibly an IPO from SOMA oil.

IMO this might create a tremendous momo, daytraders might boost it extra.

Good luck trading