Ann: Enterprise and Apollo Enter into Sale and JV on Fraser Range, page-56

What are all the ENT holders going to do when AON take their time exploring FR and ENT runs out of money? AON will buy the remaining 30% of FR for nothing while ENT turns into a shell with useless assets because they sold the crown jewel. The only winners are AON who have got FR for a steal and now have the cash to explore SA (and FR if they want).

Acquiring good assets for a good price is better than giving them away under distress. To think this is a good situation for ENT is laughable. Forget about he daily fluctuations in the SP, short to medium term AON is in a better situation than ENT. No doubt about it.

I sold ENT at 9c ages ago because I could see management were piss farting around with their projects without making any progress. You can scan and soil sample all you like but at the end of the day you need to sink the drill into the ground. The jury is still out on AON management but I hope they have the goods.