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0.5¢ eneabba gas limited

familiar faces... notable recent vend is CCZ I don't know about...

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sahmee

9,077 Posts.

557

15/03/18

12:34

Post #: 31775167
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Originally posted by FreeYourself ↑

T20 is heavy with CPS/JP, Glenn Widdon, Blackrock (T1 holder), Barnaby (Dir), Wheeler (Dir) and a few others.

2:1 consol so raise is effectively 1.5c pre-consol. Also despite it being a public offer I doubt anyone would get a look in (same as QNL/HGM) outside of the inner circle. Maybe CPS clients will.

So after re-comply and fully diluted it will have 540m SOI @ 3c = $16.2m MC, $3.5m cash so $12.7m EV for a tidy structure, strong register, CPS in control and the 2 high grade lithium projects.

Wasnt in it pre ann myself because of the re-comply issue I wasnt sure if it would ever deal in my lifetime but have just taken a small pos under raise price and not really bothered with the re-comply now its got an acq.

Might pay the money later on to see whos behind the vend in company

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familiar faces... notable recent vend is CCZ

I don't know about these tenements specifically but San Luis is the place to be for hard rock lithium. Check out DHR and the geo cred that went into constructing that.

And while it seems there's a good balance between vendors and acquirers... plus the end result ($16m) doesn't seem tilted one way or the other... unfortunately we're not trading anything like HGM did (a Sprott would be nice) someone is not happy.

ENB Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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