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1.8¢ enova mining limited

Ann: $1.5M placement completed to advance Charley Creek project, page-218

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marco33

2,384 Posts.

194

17/04/24

08:19

Post #: 73378778
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Originally posted by Mr McGregor: ↑

In the CR announcement they advised that they still had $700k remaining from the previous Charley Creek CR.

44mil Options were converted in late Feb/early March
adds another $528k

Connecting the dots through announcements, annual and quarterly, they should have $2.5-$3mil in the bank inclusive of the latest raise.

They may be forecasting an increase in operating costs or if they are applying for a grant, usually there's a project plan, project deliverables and ratio (co-contribution amount)
e.g. for every $1 the ENV contributes to Charley Creek another $2 will be funded by the relevant government body.

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Cheers MM.. thats a very reasonable explanation. Lets see what happens when them shares hit the market today.

ENV Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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(20min delay)
Last 1.8¢		Change -0.002(10.0%)		Mkt cap ! $17.24M

Open	High	Low	Value	Volume
1.9¢	1.9¢	1.7¢	$317.9K	17.70M

Buyers (Bids)

No.	Vol.	Price($)
7	5587000	1.7¢

Sellers (Offers)

Price($)	Vol.	No.
1.8¢	490498	2

View Market Depth

No.	Vol.	Price($)
8	5687294	0.017
16	12739838	0.016
7	10016666	0.015
3	9333333	0.014
2	13000000	0.013

Price($)	Vol.	No.
0.018	490498	2
0.019	5534298	13
0.020	1922781	8
0.021	955554	6
0.022	4453815	13

Last trade - 14.58pm 05/06/2024 (20 minute delay)


Last 1.8¢			Change -0.002 ( 5.26 %)
Open	High		Low	Volume
1.9¢	1.9¢		1.7¢	21608634
Last updated 14.54pm 05/06/2024 ?

ENV (ASX) Chart

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