Ann: Placement to Raise $6.0 million , page-2

I've taken a small position again this morning as I believe the market is only valuing ENR on it's Patterson lease. The money they now have will now allow them to also explore the potential of their Bangemall Basin leases as well.Of particular interest to me are the Pingandy Ck lease which sits very close to the Talga fault and a cluster of VTEM targets which ARM have identified,the Tchintaby Well prospect and the Staten prospect which borders Abra's leases and both sit on the Flint Hill lineament as well as the Beyondie lease which is highly prospective for Mn,Cu.Zn,Au and sits on the Tangadee lineament.
Disclosure : I hold ENR,ARM,SRI,THX in this area