ENV 10.0% 1.1¢ enova mining limited

Ann: Trading Halt, page-48

  1. 1,871 Posts.
    lightbulb Created with Sketch. 1658
    Team picked and acquired at bottom price including options at 0.008. I dragged @rama77 into this and we've just quietly held, so didn't want to stay silent on the 50% increase to issued shares that will hit the market. It doesn't get sold instantly as some here appears to think, it is done incrementally. Every day. Almost. Upon issue. At least that's what usually happens - that's what we do when we get paid in shares for our services. Could last for three months, depends. Nevertheless that sell pressure will be there and I wanted @rama77 to know because he asked nicely two or so years ago guidance. So I don't give advice simply give him info on what we're doing and it's up to him what to do with that information. The fact is we're selling to de-risk before 190M shares hit the market and that is my sentiment. Others can ignore my post, or rubbish it for all I care - I don't. It doesn't matter what anyone on this forum says because even collectively I doubt they have the capital to absorb 190M shares. If you ask me, why am I so sure they get sold? I'll ask you, how are you so sure they wouldn't? Hence de-risking. Profit taking lesson really. That is all.
    Last edited by BRProject: 14/03/24
 
watchlist Created with Sketch. Add ENV (ASX) to my watchlist
(20min delay)
Last
1.1¢
Change
0.001(10.0%)
Mkt cap ! $10.53M
Open High Low Value Volume
1.1¢ 1.1¢ 1.1¢ $44.25K 4.035M

Buyers (Bids)

No. Vol. Price($)
1 246147 1.1¢
 

Sellers (Offers)

Price($) Vol. No.
1.2¢ 4478787 7
View Market Depth
Last trade - 16.10pm 11/07/2024 (20 minute delay) ?
ENV (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.