Based on Cygnet's IHS and RMR which appear reasonably solid at MC of $5-6m, I think that 1.5c for ENB is very reasonable. The top twenty of this shell is truly exquisite...
So much so that I was prepared to top up today even at 0.7c although am in the queue lower down too, and hoping for an allocation of the oversubscription I applied for in the SPP at 0.4c. Not overly optimistic at getting it all, but hopefully at least some, like they did for IHS.
At present price, even at the paltry 1-1.1c level its a 50% return after all.
ENB Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
