@oldgold64 .... "It would seem there is a constant orchestrated effort to keep ENR down ,for no matter what news is released "
What are you talking about?? The SP quite correctly fell because the drilling showed a lot less mineralisation than the market was hoping for!!
I was holding in the hope of a great find, it didn't happen so I sold, took my profit, which means I can buy more if the set up and target warrants it!!
Junior explorers are a dime a dozen and most never find anything worthwhile and eventually go bust. It's mostly no-one's fault, as good high grade mineralisation, enough for a great profitable mine are very, very, rare. Buying, holding and hoping at this end of the market, without understanding what's actually going on is a quick way to the poorhouse.
BTW this is a discussion forum, not a cheer squad site. It's for the discussion of stocks, good aspects and poor. I'm very much interested here so I'll keep posting whatever my thoughts are at the time..
@oldgold64 .... " ENR has huge potential on the back of it's many other tenements and would be a huge take over target for the big copper producers'' .. This is also nonsense, as the ground is worthless without any decent finds of copper. There are plenty of junior explorers with lots of potentially good ground with Mcaps of $3-$10M, and no-one is rushing to take them over either.
I'd like this company to be successful, and keenly look forward to the next drill campaigns, where I might buy again if the stars align, but I expect the SP to keep drifting lower, based on not much new news, over the next few months.
It will also be interesting to see the cashflow statement in the upcoming quarterly as a lot of the last cap raise will have been spent. Spent well I might add, IMHO... But low cash is always a drag on junior explorers.. On that spending, at least ENR put most of the cash towards exploration and not 'corporate costs' as some other juniors do, which is something else I like here...
ENR Price at posting:
35.5¢ Sentiment: None Disclosure: Not Held
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