Agree - on today's market where companies discount more than usual to pick up $10mil on a $100mil cap shows considerable confidence.
But those investors may be the luckiest ones with a huge exploration program underway - there will be hits, several of them IMO and likely the big one will be among them.
An interesting read on Globe website and news about their processing plans for their Malawi niobium project. See globemm.com
That one is not for me, given the large chinese representation on the board and statement (Wikipedia) that China Bank will finance them.
Also I'm not sure their deposit and grades are the same as Luni or Encounter's potential deposits (in carbonitite intrusions) - interesting all the same.
News: ENR Encounter Resources Seeks Trading Halt, page-17
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34.5¢ |
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Mkt cap ! $155.2M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 34.5¢ | 31.5¢ | $397.8K | 1.196M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9834 | 32.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 35.5¢ | 2218 | 1 |
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| ENR (ASX) Chart |