Hi sydney6791, actually I sold a few (10,000) Rusina RML shares on the 12th June 2007 for 76.5 cents. That is equal to $3.82 for ENK with the 5:1 consolidation. In retrospect it's a pity I didn't sell all my RML shares at that time. I, like many EX RML shareholders hang-on hoping that we'll see these sort of prices again. I believe that we will see it, but it won't be until Acoje is in production and that will be a year or two from now. It's been a hectic ride, but it has also presented a once in a lifetime opportunity where you can buy a large stake at super cheap prices. I'll be hanging on for another 2 or 3 years and see what eventuates, hopefully by then ENK is at least $2 /share.
I also think that the old ENK is dead and buried, and it's the old Rusina thats coming to our rescue. At the time of the takeover/ merger I complained that the deal wasn't good enough when the ENK Calag forestry permit was cancelled, I also pointed out that the forestry permit might never be granted again, but it fell on deaf ears. At last I think management now have their act together.
ENK Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
