ENR encounter resources limited

It's pretty obvious that this year has been a massive flop for...

  1. 7,861 Posts.
    lightbulb Created with Sketch. 202
    It's pretty obvious that this year has been a massive flop for the company and its drilling outcomes. The volumes are terrible (no director buys noted)and the SP will get weaker during the down period that ENR has every summer. The area is probably to large to enable them to get any idea of where the main resource is and it looks like it is going to take them considerable time and money trying to get a reasonable grade outcome.

    Cap raising coming soon as the cash burn has been tremendous.

    I note that RXM has also had a terrible year with the same management.......

    Anyone else got any thoughts
 
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(20min delay)
Last
24.5¢
Change
0.005(2.08%)
Mkt cap ! $122.2M
Open High Low Value Volume
24.0¢ 26.0¢ 24.0¢ $725.6K 2.974M

Buyers (Bids)

No. Vol. Price($)
1 65961 24.5¢
 

Sellers (Offers)

Price($) Vol. No.
25.0¢ 6 1
View Market Depth
Last trade - 16.10pm 20/06/2025 (20 minute delay) ?
ENR (ASX) Chart
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