Management's methodical and diligent approach to target generation is one of the main reasons I originally invested in ENR. Their capital management for an exploration company is second to none.
Too many exploration companies these days allocate capital poorly, sink all their money into one prospect, and when it doesn't go to plan, are forced to significantly dilute existing holders to fund a new project or drill a new prospect.
Very happy to wait patiently on this. The minerals aren't going anywhere, and being less advanced than WA1 has its advantages.
ENR Price at posting:
35.5¢ Sentiment: Buy Disclosure: Held
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