ENX has only just pivoted itself to be a mining explorer and has only just got all the 20 tenements approved.
Therefore, it is still very young and is probably at the first 5% of the stealth phase (perhaps because I could see ENX's potential in becoming another LTR or CHN one day).
I agree that the current price presents a good risk vs reward value proposition, however, we might be up for disappointment if we were to expect too much in the short term. It might take months, or even a couple of years for ENX to prove its worthiness to the market. For me, being an increasingly tightly held stock, I would just continue to accumulate and be patient, allowing the law of probability to work in my favour in the long term.
After all, this is still a high-risk investment and the journey is still very very long ahead.
You don't choose the spud life; the spud life choose you - this is my key takeaway from ENX's corporate strategy.
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Open | High | Low | Value | Volume |
2.3¢ | 2.3¢ | 2.3¢ | $848 | 36.88K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 221623 | 2.3¢ |
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Price($) | Vol. | No. |
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3 | 613000 | 0.020 |
3 | 410526 | 0.019 |
1 | 533333 | 0.018 |
1 | 400000 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.026 | 100000 | 1 |
0.028 | 100200 | 1 |
0.029 | 80600 | 1 |
0.041 | 34000 | 1 |
0.043 | 50000 | 1 |
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