It's pretty obvious that this year has been a massive flop for the company and its drilling outcomes. The volumes are terrible (no director buys noted)and the SP will get weaker during the down period that ENR has every summer. The area is probably to large to enable them to get any idea of where the main resource is and it looks like it is going to take them considerable time and money trying to get a reasonable grade outcome.
Cap raising coming soon as the cash burn has been tremendous.
I note that RXM has also had a terrible year with the same management.......
Anyone else got any thoughts
Ann: AMEC Conference Presentation , page-3
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Last
34.0¢ |
Change
0.005(1.49%) |
Mkt cap ! $192.0M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 34.0¢ | 33.0¢ | $57.41K | 171.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 65228 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 35383 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| ENR (ASX) Chart |
