ENK enk plc
Add to My Watchlist 0.00% ! 27.5¢

800kt nickel metal indicates 10 baggers , page-35

  1. sydney6791
    6,325 Posts.
    lightbulb Created with Sketch. 502
    clock Created with Sketch.
    07/06/12
    14:32
    Post #: 10279305
    Hi soarer,

    If you check ENK's book value, it's 46c per share.

    Another Broker's valuatuion for ENK is 80P, AUD$1.28 per share.

    Personally, I think if Nickel price recover to $20000/t, ENK is worth $1.5-2/share.

    Considering the cash on hand $30m, $7 million from recent sale, $10m receivable from today announcement, Devoli is ready for sale.

    Circa 65-70m cash on hands after Devoli sale.

    20c entry is quite cheap! I just donot have enough cash, otherwise you can see the offer 20c still there.
    ENK Price at posting: 18.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS High-grade copper identified at Nejo Gold Project, Ethiopia
right-arrow Created with Sketch.
NEWS Transformative PV solar recycling acquisition completed
right-arrow Created with Sketch.
NEWS Unemployment expectations correctly called today's 4.3% rate
right-arrow Created with Sketch.
NEWS Update on exploration at Fosterville and Glenlogan
right-arrow Created with Sketch.
NEWS Agreement to acquire 50% of the Central Tanami Gold Project
right-arrow Created with Sketch.
NEWS Access the latest ASX news here
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.