ENV 22.2% 2.2¢ enova mining limited

ENV's Enviable Projects, Teams and Upcoming Major Price Sensitive Catalysts

  1. 86 Posts.
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    Thanks for the nice summary @sailorlion
    https://hotcopper.com.au/threads/enova-mining-charting-ta-thead-3c-target-then-6-3c.7776229/page-493?post_id=72369195

    ENV have very enviable FA and forthcoming catalysts as below
    • Board of directors collectively hold ~240mil shares accounts for around 37.5% and top 20 hold around 80%, this should be one of the best share holding struture that I have encountered in so many years;
    • Some big names can be found in TOP 20 like Proksa etc.
    • Chairman Dato Sia Hok Kiang holds two patents related to processing of IAC REE and has setup R&D company to commeercialise them. Dato Sia is globally recognised authority in IAC REE separation technology. And he has extensive experience in bulk alluvial mining and this is very appropriate for Charley Creek Alluvial Rare Earth Project, this project is expected to deliver early cash flow.
    • CEO Eric also have very well connection and currently he is a director of advanced technology rare earth separation business in Malaysia.
    • ENV is activiely in discussion with IAC REE separation company, expecting some good news in due course?
    • LYC's rare earth processing plant locates in Malaysia, are they connected regarding rare earth separation since Dato is renowned in Malaysia?
    • ENV owns the only and largest alluvial rare earth project in ASX, which may possibly be the lowest Capex and Opex in rare earth industry, this may be even bigger than Brazilian IAC REE project due to potential lowest capex and opex. In last Scoping study, the average NPV was $154mil, the Capax is only A$156mil, looking forward to see the updated scoping study;
    • Auger drilling to Caldera IAC REE Project expected to happen soon and assay results will coming gradually and then increase drilling work to rush JORC resource;
    • More acquisition opportunities in Brazil as per previous announcements (currently under trading halt);
    • Lithium discovery in lithium vally, LCE price dropped a lot and we can ignore ENV's lithium at the moment.
    • Very nice chart that we are ready to start wave 3 with more news expected.

    With above excellent FA and TA, ENV should run to 10c - 20c in due course imo, cheers
    ENV's market cap is only A$64mil when share price hit 10c.
 
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Last
2.2¢
Change
0.004(22.2%)
Mkt cap ! $21.07M
Open High Low Value Volume
1.9¢ 2.3¢ 1.9¢ $533.2K 25.36M

Buyers (Bids)

No. Vol. Price($)
8 3867380 2.1¢
 

Sellers (Offers)

Price($) Vol. No.
2.3¢ 1716500 11
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Last trade - 16.10pm 02/05/2024 (20 minute delay) ?
Last
2.1¢
  Change
0.004 ( 13.5 %)
Open High Low Volume
1.9¢ 2.3¢ 1.9¢ 22818811
Last updated 15.52pm 02/05/2024 ?
ENV (ASX) Chart
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