Yes I agree. They have a lot of Exploration licences but no results and only about $1m in the bank. They have no money for serious fieldwork and will have to try to lure joint venture partners. Also, they have minimum commitments on these exploration licences and if they are not met they could lose them. I rate them as a highly speculative one for punters.
ENX Price at posting:
9.2¢ Sentiment: None Disclosure: Not Held
