I note that ENK has yesterday (again) been recommended by Fat Prophets as a BUY. FP has been consistently recommending ENK, and is now very optimistic on it based on the fast tracking of the mining studies and furter resource drilling (with the focus now away from Caldag and on to Acoje, coupled with all the cash from the Caldag sale). They say news flow over the coming months should be good, so it seems to me that now is a good time to buy up if you are not already well set on ENK.
FP first recommended the stock when it was Rusina Mining Limited (RML) in 2007 at 20c or so. I bought in 2009 at 9 cents. With all the action following ENK merger, Caldag fiasco, etc, it has been a disappointment. By my maths, buying RML at 9 cents means following the merger, ENK has to be at 45 cents to break even. Evolution Securities analysts have a price target of 50 pence, so let's hope that happens. But those of you who bought RML at 20 cents or so have some waiting yet.
This stock owes us big time, but at long last, things might start to move.
Most of you may already be aware, but for those who aren't, there is a handy UK chat site that gets a lot of comment from UK followers of ENK. It has good info from time to time, and may be especially good for us if, as I suspect, we are at last going to get some regular news flow and maybe, just maybe, some upwards pricing action!
Try this link: http://www.iii.co.uk/investment/detail/?display=discussion&code=cotn%3AENK.L&it=le
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