ENV 26.7% 1.1¢ enova mining limited

Ann: Saprolite Clay outcrop discovery in Poco Caldera Ree Prospct, page-176

  1. 228 Posts.
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    ENOVA to inform the VENDORS (RTB) 5 days prior to Jan 10....NOT that ENOVA informs the market.
    Then there's a whole bunch of steps to proceed with the acquisition. Cash payment, shareholder approval (EGM before March 18th), ASX confirmation that Capt 11 rules don't apply etc.

    It's all spelt out in the Dec 18 announcement on page 7.

    FWIW - Its instructive that discussions had begun with drilling contractors prior to the DD commencing.


 
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