Apart from liking or disliking, AON is our company's JV partner.
ENT has 30% free carried interest at FR JV tenements.
As I am a holder for both ENT (a fair bit) and AON (not much),
AON's announcement is noticeable. We are in a same boat for FR activity.
1. AON has recently granted $150,000 WA government scheme fund for FR drilling.
2. Not sure why but AON's 2 directors bought its shares on the market.
It looks likely (good) anticipation of FR drilling. Usually, directors act ahead of other holders.
3. Last Friday's MineLife article by Gavin Wendt regarding FR newcomer by JV AON's comprehensive
story and encouraging expectation for its tenements was a catalyst for SP hike, imo.
Any may be prelude of Share purchase plan at higher issue price.
Imo, I could say 7 (catalyst article) to 3 (Share issue).
AON's any activity at FR JV tenements is positive impact to ENT.
My personal weighting is 9 (ENT): 1(AON).
Regards,
ENT Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held
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