ENR encounter resources limited

Ann: Strongly Supported Share Placement Raises $2.9m, page-2

  1. 2,481 Posts.
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    Once again I am in awe of the way these guys go about funding.

    Down to their last million when up stump new investors with $3m at $0.10. Year low was $0.065 in January.

    Dilution is around 20%

    Next Quarter expected spend is $400k. So they have enough to fund another 2 years or so.

    No drama. Done in a blink and with a SPP if you want to participate.They are obviously well connected and well respected to be able to get funding in this market without selling the farm.

    When I look at some of the species I hold, I wish these guys would hold a masterclass in funding. YPB being a case in point for me.
 
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Last
26.0¢
Change
-0.020(7.14%)
Mkt cap ! $129.6M
Open High Low Value Volume
28.5¢ 28.5¢ 25.5¢ $53.01K 197.0K

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2 33485 26.0¢
 

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Price($) Vol. No.
28.0¢ 102600 1
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